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About Vail's Rancho Del Lago

Rancho del Lago MLS report - September 2008

Michael Krotchie, Tucson Realtor® 520.404.4996: Real Estate Agent in Tucson, AZ

    Below are the market statistics for Rancho del Lago for September 2008 as provided by the Tucson Association of Realtors:


Active Listings:

 

84

New Listings:

 

18

Active Contingent:

 

10

Active Capa:

 

1

Pending:

 

4

Sold:

 

8

Expired:

 

3

Withdrawn Released:

 

8


 
   Rancho del Lago continues to clear stagnant inventory and prices are continuing to normalize, but at a much slower rate.

    With 18 new listings and 84 active listings Rancho del Lago continues to be an attractive draw to many homebuyers especially those who work for nearby employers (Raytheon, IBM, Tucson International Airport, Davis-Monthan AFB).

   Keep in mind, a few of the "New Listings" are price reductions that were enacted this month.  Several of the Active Contingent listings and Sold listings are foreclosures and or short sales and prices appear to be stabilizing from the activity of the past several months.

   K. Hovnanian continues to sell new homes with very competitive pricing which is also contributing to a slight price decline.

   If you are interested in homes in Rancho del Lago or the surrounding community feel free to contact me!

---
Michael Krotchie - Realtor®
Coldwell Banker Residential Brokerage, NRT LLC
6970 N. Oracle Road, Suite 100
Tucson, AZ 85704

520.404.4996 -- Mobile
520.544.4545 -- Office
520.844.6699 -- Fax
http://www.michaelkrotchie.com

Mercado del Lago coming to Vail!

Michael Krotchie, Tucson Realtor® 520.404.4996: Real Estate Agent in Tucson, AZ

For those of you in Rancho del Lago who have been waiting for a grocery store to be built, it looks like it is finally going to happen!

Construction is slated to begin next month on Mercado del Lago, a 16.5-acre retail center at the intersection of Colossal Cave Road and Mary Ann Cleveland Way.

Mercado del Lago will include a 55,000-square-foot Safeway as well as space for a variety of shops, restaurants and offices. The Safeway store is expected to open in August 2009.

Mercado del Lago

Currently the closest shopping options for those in Rancho del Lago are located in Rita Ranch, and for those residents from Corona de Tucson the new Safeway will be a much welcomed relief.

In addition to Safeway, a McDonald's and Chase Bank are also expected to open in 2009. The other retail space will include restaurants -- perhaps an Italian eatery! -- and possibly a dentist's office as well as a hair salon and an ice cream shop.

When Mercado del Lago is completed there will be 16 to 20 tenants in addition to Safeway.

Mercado del Lago Site Plan