2010 was a great year and we ended up Selling 39 Homes in Oro Valley (70 citywide) and once again finished the year as the number 1 agent in Oro Valley.
We also ended the year as the Number 1 Agent with Long Realty for 2010! I want to thank all our loyal clients for their trust and faith in us.
The Tucson MLS has released their Year End Report for 2010
Key year end statistics indicate that 2010 was a "Bottoming Year". We believe we finally reached the bottom in mid year and we are now headed back up. Total Tucson Homes Sold were 11,802 up only 141 units over 2009. Prices continued to drift down from 2009 as the flood of foreclosures and short sales continued forcing averages lower. According to the 2009 Year End MLS Report the Average Sales Price in Tucson was $189,352 in 2010. The average sales price in Northwest Tucson was $235,751.
Homes in Tucson Sold for 94.59% of asking price in 2010 and days on market were 121 in 2010 compared to 113 days in 2009.
Although the Housing Market in Oro Valley was down in 2010 we fared better than most of Tucson. New construction was still very slow as expected. This helped limit the influx of new listings and somewhat offset the continuing influx of foreclosures. Oro Valley continues to be a very desirable location in Tucson and home values held up better here than most of town.
Oro Valley is still in high demand and we expect 2010 to bring increasing home values and increased buyer interest as the economy continues to improve. We believe that 2011 will be an improvement over 2010, both in number of units sold and in average price per unit.
The 2010 Year End Tucson Market Report below will give you a detailed look inside the 2010 Tucson Housing Market.
