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Michael Krotchie, Tucson Realtor® 520.404.4996

Northwest Tucson Growth Slows

With the recent downturn of the economy Northwest Tucson has been especially hard hit. Here's a bullet summary of projects in flux:

  1. The development of Saguaro Springs is in a state of flux (read more about that here)
  2. Gladden Farms, a master-planned community in Marana, has ground to a halt and a planned Fry's shopping center has yet to break ground. The lender has filed a notice of trustee's sale but Marana developers are confident they can find another lender and continue development. (read more about Gladden Farms status here)
  3. The Marana floodplain issue has yet to be put to rest but Marana town officials assure the community that FEMA appears to have rescinded their original decision to place most of Marana in a floodplain and instead will issue revised maps showing only part of Marana in a floodplain. (read more about Marana floodplain issue here)
  4. Red Rock Village, a master-planned community being developed by Pulte homes thirty miles of NW Tucson, has also been hit by the housing crisis. Originally slated to consist of 4,000, slackened demand has been apparent. Just last week I received an email stating that a ~1200sqft floorplan had a $99,999 base price!
  5. Marana Spectrum, a 1.3 million square foot "power center" planned just east of I-10 and Camino de Manana, was planned to open in 2010 to coincide with the completion of the I-10 widening effort and the development and opening of the Twin Peaks / Camino de Manana I-10 interchange (which doesn't currently exist). I saw construction start on the new freeway exit last month and it appears to be continuing, but I haven't seen much work done yet on the Marana Spectrum site.

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.

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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

Rancho Sahuarita MLS Report - September 2008

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

 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!

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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

Rancho del Lago MLS report - September 2008

    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!

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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

Rita Ranch MLS report - September 2008

 

   Below are the market statistics for Rita Ranch this past month as provided by the Tucson Association of Realtors:


Active Listings: 3
New Listings: 1
Active Contingent: 1
Sold: 1
Expired: 1


 

    Overall a normal month for Rita Ranch with one sale on 9/16/08 (a bank-owned property that sold for $101/sqft) and one new listing.

    The Pepper-Viner built community on Rita Ranch Crossing Circle, on the NE corner of Houghton and Rita Ranch Roads, continues to move a few properties as the sold property is located there as well as two of the currently Active listings and the Active Contingent. The homes are more recently built than the rest of Rita Ranch but were purchased during the boom of 2005 and 2006 and as a result many have succumbed to short sales or foreclosures.

   If you are interested in homes in Rita Ranch 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

University of Arizona Football Season Kicks Off – Go Wildcats!

Last night was the University of Arizona’s football season opener here in Tucson and I wanted to share with my experience with everyone (and maybe point out some helpful tips along the way!).

Being a UofA alumni and longtime Tucson resident I’ve been to plenty of athletic events but the football games are definitely the ones I enjoy the most. There is something to be said for unpredictable outdoor weather, fifty thousand fans cheering in unison, and most importantly, seeing an event live.

Now I’ll be honest, UofA football has experienced a bit of a dropoff since our Desert Swarm days back in the late nineties but we’re hoping Mike Stoops can finally turn us back around this year.

Okay let’s begin!

Kickoff was set to begin at 7pm but I was out with a client showing houses in the afternoon and didn’t get to arrive as early as I had wanted. My wife and I were supposed to meet some friends at Belushi’s Bar & Grill (excellent campus area hang out) beforehand for some drinks and a bite to eat but that didn’t work out and we found ourselves looking for parking instead!

For those of you who like to plan ahead and not have to worry about walking to Arizona Stadium, Sun-Tran has three ‘park and go’ lots around town where you can park your vehicle and take a free shuttle that drops you off right in front of the Stadium[link]. This is an extremely handy option if you don’t want to deal with the pre and post game traffic yourself and, best of all, saves you gas!

For those of you who don’t mind a short walk or paying a bit for parking, many homeowners and renters south of sixth street actually rent out their yards during games for parking! My wife and I cruised a few back streets south of Arizona Stadium vainly searching for street parking and passed several college students holding up “Parking - $20” signs (are you kidding??) before finding one that had the magic number on it.. five dollars! We pulled into a backyard and parked and were on our way!

UofA Game Parking
(backyard parking near Arizona Stadium)

Our walk to the stadium was a quick five or six minutes and because we were walking with other fans it wasn’t a bother at all.

For those of you who are wondering about how to get Football Tickets check out the Arizona Athletic’s website. Quick tip: Below is a map of Arizona Stadium. One side is one long tier all the way up to the press boxes while the other side has a couple different levels. Because I’ve been to games before I know how unpredictable the weather can be and we always get tickets underneath the overhang in case the weather gets ugly (get seats in rows 49 or higher to be safe from rain).

Arizona Stadium Seating Chart

(sit on the blue section on the right for weather protection!)

Walking up to our seats (Section 107) was surprisingly fast, we made a quick stop for some padded seat rentals (completely worth it) and grabbed a soda before sitting down.

Although the stadium wasn’t full it was a fun atmosphere and we were ready for the game to begin!

After the coin-toss Arizona was set to receive and both teams lined up for kickoff.. only to be ordered off the field for a weather delay.

Sixty four minutes, tons of rain, and two arrests later, play finally resumed and the fans who had scattered to the concourse for protection from the rain (not us!) hurried back to their seats.

University of Arizona Rain

Arizona Football arrest

(A couple of bored and over zealous fans decided to run onto the field)

The game was off to a fast start and never let up, with Arizona leading 14-0 at the end of the first quarter. Jack-in-the-Box announced a promotion that if the Wildcats scored thirty three points or more during the game they would give every fan in attendance two free tacos, and when the score hit 35-0 an immense roar erupted from the stadium, seemingly the loudest from the student section.

University of Arizona Free Tacos

(Free Tacos yeah!)

Many fans left at the beginning of the fourth quarter but my wife and I stayed and enjoyed the entire experience until the final whistle blew and the scoreboard stood at 70-0.

University of Arizona vs. Idaho Vandals Final Score

It was a good way to start the season and provided our boys with some much needed confidence after just missing a bowl game last season. I hope their streak continues!

Here is the Arizona football schedule for 2008. Stop by and catch a game if you can, you won’t regret it!

University of Arizona 2008 football schedule

Some additional photos!

University of Arizona Stadium

Just outside of Arizona Stadium on Sixth Avenue

University of Arizona Pride of Arizona

Pride of Arizona (Spells out "U of A"!)

University of Arizona Press Box

Press Box at Arizona Stadium.. isn't that sunset gorgeous?

University of Arizona vs. Idaho Vandals Warmups

Pre-Game Warmups

University of Arizona vs. Idaho Vandals Warmups

Mike Stoops giving our boys some encouragement

University of Arizona Wilbur and Wilma

Wilbur and Wilma Wildcat!

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Copyright © 2008 by Michael Krotchie, all rights reserved.
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