Tucson’s Long Realty Market Recovery
The Tucson housing markets long realty continues its comeback since the dire days of 2008 to 2012. The current market remains competitive in spite of higher mortgage interest rates.
But low inventory is pushing prices up in spite of higher rates.
The market is stabilizing, offering opportunities for both buyers and sellers.
Long Realty Come Back News in The Tucson Realty Review Archives – 2024
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Long Realty Come Back News in The Tucson Realty Review Archives – 2023
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Long Realty Come Back News in The Tucson Realty Review Archives – 2022
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Long Realty Come Back News in The Tucson Realty Review Archives – 2021
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Long Realty Come back News In The Tucson Realty Review Archives – 2020
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2020 Market Review & 2021 Outlook
Long Realty Come back News In The Tucson Realty Review Archives – 2019
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Long Realty Come back News In The Tucson Realty Review Archives – 2018
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Long Realty Come back News In The Tucson Realty Review Archives – 2017
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Long Realty Come back News In The Tucson Realty Review Archives – 2017
Long Realty Come back News In The Tucson Realty Review Archives – 2016
Long Realty Come back News In The Tucson Realty Review Archives – 2015
Long Realty Come back News In The Tucson Realty Review Archives – 2014
Long Realty Come back News In The Tucson Realty Review Archives – 2014
Long Realty Come back News In The Tucson Realty Review Archives – 2013
Want to dig even deeper into Tucson’s Real Estate historical data? Well, here you GO!
One of the coveted segments of Tucson Real Estate that continues to be strong are historic home in and around the City of Tucson Arizona.
What is a historic Tucson home?
A historic Tucson home is considered to have been built prior to the 1950’s.
Why would an old home be sought after? The answer is simple. There aren’t many homes that can offer the location, charm, character, and craftsmanship of a historic Tucson home.
Homes in the El Presidio neighborhood date back to the mid to late 1800’s. Homes have the old west Adobe style and downtown location. El Presidio homes are unique and treasured.
Popular historic Tucson neighborhoods include El Encanto, Sam Hughes and Catalina Vista. Each of these areas offers a style of home unique to each neighborhood.
See Historic Tucson Homes for Sale
When looking for a historic Tucson home the neighborhood is everything. The more notable the historic Tucson neighborhood the higher the price. Also, the more constant the demand will be of the homes.
An example of this would be the historic Tucson neighborhood of El Encanto. El Encanto and its sister neighborhood of Colonia Solana are on Broadway. They are across the street from each other.
Similar homes in El Encanto sell for 10%-15% more than in Colonia Solana. Why the premium? Simply, the name and reputation of the historic Tucson neighborhood.
El Encanto was Tucson’s first “Luxury Housing development”. Business leaders and notable Tucson residents built their homes in the El Encanto. As it grew it became a Tucson status symbol to live in the El Encanto area.
At the same time, Colonia Solana was being built across the street. For what ever reasons, El Encanto remains the “old money neighborhood of Tucson” not Colonia Solana. That distinction increases the value of an El Encanto home.
The story is the same for other historic Tucson neighborhoods
Sam Hughes is a prime example. Tell anyone you own a home in Sam Hughes, and they will likely know where you live. The Sam Hughes Neighborhood is well known and highly sought after.
If you are looking for a historic Tucson home and can pay the premium, look in the more well-known historic Tucson neighborhoods. The premium you pay will be worth it.
Although it may not be important in the decision-making process there is another advantage in owning a historic Tucson home. A BIG break in your property taxes. Historic Tucson neighborhoods identified as “National Historical Districts” pay lower property taxes.
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