The other night I went out to the movies with my family and saw James Cameron's new film, "Avatar". (For those of you who haven't yet seen it I highly recommend it) It was my very first modern 3D movie experience and it was, in one word, amazing.
The last time I went to a "3D" movie was with these familiar red and blue paper glasses (familiar anyone?) and after hearing all of the hype leading up to Avatar I was curious to see how things had progressed.
After watching the movie I am convinced that the new technology developed for the movie will revolutionize the movie industry. Several times during the movie I found myself dodging arrows or missile that were being shot at me and more than once I found myself awestruck by how realistic the environment was.
The next day I found myself thinking about the movie and wondering how much more information was able to be given to the audience with 3D technology. It made a normal movie experience ten times better and it was all because of the vision and expertise of the director.
But is what we do as real estate professionals that much different?
Most consumers have a 2D idea of a real estate transaction. It is a flat image: an offer, a deal, close of escrow. And in between are a smattering of inspections, clauses, contingencies that need to be remedied, and so on and so forth.
"Why do I need an agent?", they wonder. "How is this so hard?"
And, truthfully, some consumers are right. Some can handle a real estate deal, whether because of their past experiences, friends who have knowledge, or if they have time to become knowledgeable enough on the matter to give them a sense of confidence.
But the vast majority of consumers are not real estate professionals. They have another job, another profession, and leave real estate related matters to us, the trained professionals. The real value, in my opinion, is in the past experiences and histories of the agent. We have the ability to bring situations into focus and help guide our clients through the tangled web.

We are able to anticipate, draw upon past deals, past connections and past memories in addition to our ever-evolving repetoire of news articles, pieces of legislation, zone/use changes, etcetera to protect our client. We are able to provide to our clients a 3D view of the deal.
We see potential lender issues (this home won't qualify for an FHA loan with holes in the walls), inspection issues (that drywall tape bubbling is NOT a good sign), zoning/permits issues, and wonky purchase contracts/addendums/disclosures.

We see an incoming missile a mile away and inform our clients of potential doom and catastrophe. We have to navigate through the web of agents, inspectors, escrow officers, lenders, deadlines, surprises and put out fires at a moment's notice.
At the end we take off our 3D glasses, go to closing, and celebrate with our clients.
Another job well done.
And if you haven't seen Avatar, you should go see it now! :)
| November 2009 Price Statistics: Pima County | ||||||
| Active List Price Range | 6,447 (# of Listings) | % of Market | Months supply of Inventory | DOM | 1,031 (Sold # of Listings) | % of Market |
| $19,999 or under | 0 | 0.00% | 0.00 | 0 | 1 | 0.10% |
| $20,000 thru $29,999 | 8 | 0.12% | 0.62 | 111 | 13 | 1.26% |
| $30,000 thru $39,999 | 30 | 0.47% | 1.76 | 124 | 17 | 1.65% |
| $40,000 thru $49,999 | 70 | 1.09% | 4.67 | 97 | 15 | 1.45% |
| $50,000 thru $59,999 | 88 | 1.36% | 3.03 | 103 | 29 | 2.81% |
| $60,000 thru $69,999 | 105 | 1.63% | 4.20 | 115 | 25 | 2.42% |
| $70,000 thru $79,999 | 159 | 2.47% | 7.23 | 94 | 22 | 2.13% |
| $80,000 thru $89,999 | 191 | 2.96% | 5.79 | 94 | 33 | 3.20% |
| $90,000 thru $99,999 | 174 | 2.70% | 4.24 | 108 | 41 | 3.98% |
| $100,000 thru $119,999 | 341 | 5.29% | 4.32 | 99 | 79 | 7.66% |
| $120,000 thru $139,999 | 487 | 7.55% | 4.68 | 98 | 104 | 10.09% |
| $140,000 thru $159,999 | 526 | 8.16% | 4.46 | 105 | 118 | 11.45% |
| $160,000 thru $179,999 | 458 | 7.10% | 4.05 | 106 | 113 | 10.96% |
| $180,000 thru $199,999 | 419 | 6.50% | 5.59 | 119 | 75 | 7.27% |
| $200,000 thru $249,999 | 821 | 12.73% | 5.91 | 113 | 139 | 13.48% |
| $250,000 thru $299,999 | 595 | 9.23% | 7.53 | 116 | 79 | 7.66% |
| $300,000 thru $349,999 | 356 | 5.52% | 8.09 | 132 | 44 | 4.27% |
| $350,000 thru $399,999 | 285 | 4.42% | 10.18 | 132 | 28 | 2.72% |
| $400,000 thru $449,999 | 167 | 2.59% | 9.82 | 131 | 17 | 1.65% |
| $450,000 thru $499,999 | 198 | 3.07% | 18.00 | 138 | 11 | 1.07% |
| $500,000 thru $549,999 | 126 | 1.95% | 15.75 | 137 | 8 | 0.78% |
| $550,000 thru $599,999 | 142 | 2.20% | 35.50 | 167 | 4 | 0.39% |
| $600,000 thru $649,999 | 76 | 1.18% | 10.86 | 133 | 7 | 0.68% |
| $650,000 thru $699,999 | 85 | 1.32% | 42.50 | 148 | 2 | 0.19% |
| $700,000 thru $749,999 | 59 | 0.92% | 29.50 | 125 | 2 | 0.19% |
| $750,000 thru $799,999 | 65 | 1.01% | 65.00 | 175 | 1 | 0.10% |
| $800,000 thru $849,999 | 36 | 0.56% | N/A | 165 | 0 | 0.00% |
| $850,000 thru $899,999 | 50 | 0.78% | N/A | 181 | 0 | 0.00% |
| $900,000 thru $949,999 | 17 | 0.26% | 17.00 | 108 | 1 | 0.10% |
| $950,000 thru $999,999 | 37 | 0.57% | N/A | 183 | 0 | 0.00% |
| $1,000,000 thru $1,249,999 | 60 | 0.93% | 60.00 | 157 | 1 | 0.10% |
| $1,250,000 thru $1,499,999 | 77 | 1.19% | 77.00 | 144 | 1 | 0.10% |
| $1,500,000 thru $1,749,999 | 33 | 0.51% | 33.00 | 171 | 1 | 0.10% |
| $1,750,000 thru $1,999,999 | 29 | 0.45% | N/A | 191 | 0 | 0.00% |
| $2,000,000 thru $2,249,999 | 11 | 0.17% | N/A | 140 | 0 | 0.00% |
| $2,250,000 thru $2,499,999 | 20 | 0.31% | N/A | 186 | 0 | 0.00% |
| $2,500,000 thru $2,749,999 | 9 | 0.14% | N/A | 118 | 0 | 0.00% |
| $2,750,000 thru $2,999,999 | 12 | 0.19% | N/A | 244 | 0 | 0.00% |
| $3,000,000 thru $3,249,999 | 1 | 0.02% | N/A | 86 | 0 | 0.00% |
| $3,250,000 thru $3,499,999 | 7 | 0.11% | N/A | 127 | 0 | 0.00% |
| $3,500,000 thru $3,749,999 | 1 | 0.02% | N/A | 404 | 0 | 0.00% |
| $3,750,000 thru $3,999,999 | 7 | 0.11% | N/A | 196 | 0 | 0.00% |
| $4,000,000 thru $4,249,999 | 0 | 0.00% | N/A | 0 | 0 | 0.00% |
| $4,250,000 thru $4,499,999 | 0 | 0.00% | N/A | 0 | 0 | 0.00% |
| $4,500,000 thru $4,749,999 | 2 | 0.03% | N/A | 157 | 0 | 0.00% |
| $4,750,000 thru $4,999,999 | 1 | 0.02% | N/A | 357 | 0 | 0.00% |
| $5,000,000 thru $5,999,999 | 4 | 0.06% | N/A | 54 | 0 | 0.00% |
| $6,000,000 thru $6,999,999 | 1 | 0.02% | N/A | 281 | 0 | 0.00% |
| $8,000,000 thru $8,999,999 | 1 | 0.02% | N/A | 123 | 0 | 0.00% |
With the recent downturn of the economy Northwest Tucson has been especially hard hit. Here's a bullet summary of projects in flux:
I hope these projects can continue and help bust us out of our funk. The Twin Peaks interchange will be especially helpful to Dove Mountain residents who have to trek all the way over to I-10 for freeway access.
---
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
Below are the market statistics for Rancho Sahuarita for September 2008 as provided by the Tucson
Association of Realtors:
|
Active Listings: |
|
91 |
|
New Listings: |
|
31 |
|
Active Contingent: |
|
27 |
|
Active Capa: |
|
5 |
|
Pending: |
|
12 |
|
Sold: |
|
34 |
|
Expired: |
|
6 |
|
Withdrawn Released: |
|
5 |
Rancho Sahuarita
continues to clear stagnant inventory and prices are continuing to normalize,
but at a much slower rate.
With
31 new listings and 91 active listings Rancho Sahuarita
continues to be an attractive draw to many homebuyers especially
those who work for nearby employers (Raytheon, Tucson International
Airport, Davis-Monthan AFB). Homes averaged a selling price of $99/SqFt
for September and an average size of 2165 SqFt.
Keep in mind, a few of the "New Listings" are price
reductions that were enacted this month. Prices in Rancho Sahuarita are extremely competitive and new home builders
are offering some very attractive incentives to buy new.
If you are interested in homes in Rancho Sahuarita
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
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,
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!
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