Tucson Real Estate Experts Anne and Eddie McKechnie

Ranch style home in Northwest Tucson

Just bring your suitcases to this gorgeous remodeled Northwest home in Ranchos De La Canada.

For those of you looking for a home that has been lovingly maintained and updated on a oversized 0.64 Tucson acre lot, then this is the home for you!

The current owners have stylishly remodeled the kitchen with maple cabinets and tile backplash, the bathrooms have upgraded tile interiors and surrounds. A Plasma TV outlet has been installed in the living room, and the bedrooms have been nicely appointed. You also have a full back porch to enjoy those beautiful Tucson evenings and Catalina Mountain Views.

Feel free to call us for a complete list that includes new windows, front door, heatpump, A/C and more!

Click here for more information about this home or for Tucson Real Estate info!

Anne and Eddie McKechnie

Tucson Real Estate Experts

Realtors Consultants

Coldwell Banker Residential Brokerage

2890 E Skyline Drive, Ste 250

Tucson Az 85718

Our Office (520)529-7507

Visit us on the Web here

When will Jumbo Mortgage Rates get better?

We are still seeing poor sales in the Tucson Luxury Home Market as Jumbo Market rates continue to be high over the last few months.

In Tucson, and the surroundings areas of Oro Valley, Marana and Vail, we have a large inventory of homes that meet the over $417,00 cut off or Jumbo Loans.

In order to get Luxury Homes moved in the market, I have been looking around for alternatives for people to obtain financing for my clients.

The general public obviously seems to be reticent to buy with rates from 7% up in to 9% range, and it seems that if one could obtain a good loan product, it would be a great time to buy with a large amount of inventory in the Tucson market.

Prices have adjusted down, but there is still a good amount of inventory especially in the over $1,000,000 price range.

Although some of the programs that I have found in Tucson to get jumbo financing require 25% down, there are some 5 in one ARM products out there that can help people get financing right now with better rates around 5.5 %.

My concern is how long will they be there? Over the last few week several programs have gone away.

This is not helping a large inventory of homes that meet this criteria to get sold.

A stimulus in this section of the market with Jumbo Mortgage Rates would have been great, but in this current situation, we seem to be focusing on FHA loans only at the moment and those loan products under $417,000.

As Charles McMillan, president of NAR, recently said in a statement about the new stimulus package, a housing stimulus package is needed to spurr an economic recovery in this country .

He said in a statement:

"We need more than low interest rates to encourage enough buyers to enter the market and meaningfully draw down inventory, which would stabilize home prices-that, in turn, would help the economy to recover. We should extend the first-time buyer tax credit to all homebuyers and eliminate the repayment feature, and make permanent the higher loan limits that are vital in high-cost markets-the faster we do this, the faster housing and the economy can recover."

Anne and Eddie McKechnie

Tucson Real Estate Experts

Coldwell Banker Residential Brokerage

Tucson Az 85718

Visit us online at http://thetucsonexperts.com

Pristine Stone Canyon Luxury Home for Sale

This pristine Stone Canyon luxury home has breathtaking views of Catalina and Tortolita mountains and wonderful privacy and seclusion with natural open space behind tremendous separation from other homes. Relax by negative edge pool or take in views from greatroom with stone covered indoor fireplace or through walls of windows. Travertine floor through-out, Alder interior doors. Kitchen with 6 burner range ovens.

Check out price per sqft at $321! Listed 17% below any other sold properties in Stone Canyon in last 6 months.

The Luxury Home community of Stone Canyon is one of a select few communities that have private golf Courses in Tucson, and the surrounding areas of Oro Valley and Marana. It is the only truly private golf course in Oro Valley

Luxury homes range in price from $1,300,000 to over $3,000,000 and the deserrt views are stunning, with majestic Saguaros studded in the landscape and around the pristine Gold Course.

This particular Stone Canyon Luxury Home has wonderful ambience and you can relax by the negative edge pool and spa. The home has gorgeous views of two mountain ranges, the Catalinas and the Tortolitas plus incredible privacy.

Visit Anne and Eddie McKechnie the Tucson Real Estate Experts Online at http://thetucsonexperts.com

The Tucson Housing Market is not all the it appears.

When you read the news about the Tucson and surrounding areas of Oro Valley, Marana and Vail in the news you could literally think that no homes are currently selling in and around Tucson!

This, however, is quite wrong, and it can depend on which Zip Code that helps predict the selling time of the home on the market.

Courtesy of Flickr.com

It can also depend on how the house shows, the sales price, and other factors too such as the lot and location.

The Tucson Real Estate Market is considered as a rule of thumb balanced at around 6 months of inventory, and there are many areas of Tucson right now that are balanced as seen in the table below.

It seems that this might also be indicative to workplace such as Davis Monthan Airforce base , and Raytheon, as many of the zip codes that have a balanced inventory, are those that typically base and Raytheon employees tend to chose.

Ok so here we go with the lastest inventory of Tucson homes for sale!

ZIPCODE MONTHS OF INVENTORY ZIPCODE MONTHS OF INVENTORY

85658 16.6 85653 9.3

85742 9.4 85741 9.1

85755 12.3 85737 12.8

85704 12.5 85705 9.3

85739 20.3 85719 14.2

85718 16.1 85750 12.7

85715 22.0 85716 10.4

85712 9.5 85711 12.7

85745 8.4 85710 7.3

85748 5.0 5735 13.3

85757 7.3 85746 5.5

85706 6.9 85730 7.0

85747 7.1 85749 28.0

85701 7.7 85714 8.3

85713 10.1 85629 6.1

85622 51.0 85641 16.1

Visit Anne and Eddie McKechnie the Tucson Real Estate Experts Online at http://thetucsonexperts.com

Are the Saddlebrooke Active Adult Community sales suffering from the current economic market?

With the recent downturn in the economy and also investment portfolios, we decided to post information about recent sales in the active adult communities in Saddlebrooke, and other Communities in and around Tucson. Many people still want to retire or purchase a home for retirement here in the Tucson area, and we feel that it is important that we give you recent sales information so you can make a decision on where to buy.

In Saddlebrooke, there are over 106 Active Listings as well as the new homes that are currently being sold by the Robson Community. There are price incentives of up to $75,000 on some of their spec homes. This also adds to the competitiveness in the community. However, there are some nice resales at the current time that could make more financial sense than building a new home.

There are seven homes currently under contract, four of them are Active Contingent, three Active Capa and there are twelve that have sold in the last 60 days.

You may want to take into consideration that the Summer is not the season for homes to sell in the Community.

One of the resale homes is a beautiful golf course home that I showed this week. The home is over 3000 square foot , is on the course and is in immaculate condition.

The interior has great upgrades, is priced well for the lot, square footage, and also for the model.

If you are looking for views then they abound in this home from the front and the back.

The market appears slow in the Saddlebrooke Community, but in talking with one of the Robson sales representatives, they have sold over 42 new home in the new Community of Saddlebrooke Ranch. This might be due to a lower price point, but also due to nicer lot selections.

If you are looking at list price versus sales price, then you can also see that homes are not really varying more than 5% of the actual sales price. It will be interesting to see if this i.