http://azhousingstats.longrealtyblogs.com/?p=337
Click on this link to find housing reports for the southern Arizona communities of Tucson, Saddlebrooke (Tucson's Premier Active Adult Retirement Community), Oro Valley, Vail, Sahuarita,Green Valley and Sierra Vista.
Activity has been brisk early in this new year. If you are in the market and qualify, there is a first-time homebuyer tax credit up to $8,000. If you are a move up buyer and meet the criteria, you can get up to a $6,500 tax credit for buying a personal residence. To take advantage you must have a home under contract by April 30, 2010, and close by June 30, 2010.
In my opinion, I think that it is unlikely that the federal government will extend this credit beyond April 30th.
Interest rates are still low, but will likely head higher as the year goes on.
A tax credit can be explained as follows: Suppose you owe the federal government $9,000 when your tax return is due. If you were to qualify for the $8,000 tax credit by buying a home, your tax liability would be reduced to $1,000. Tax credits are good things. Contact your tax advisor to see if you qualify and ask for a complete explanation as to how it works. Then give me a call, and I will help you find the home of your dreams.
Dan Sieverding
Long Realty Company
cell phone 520-909-9408
email: dansieverding@wbhsi.net
Tuesday, February 23, 2010
Monday, February 1, 2010
Saddlebrooke Sales Results for January 2010
There were 12 sales closed in Saddlebrooke during January 2010. That was up from 7 sales closed in the year earlier period. The average price was $425,913 up from $341,357 last year--a 24.77% increase.
The median sale price was $404,250 up from $290,000 last January--a 39.40% increase. More homes are being sold in the higher price ranges which accounts for the jump in the metrics. As of month-end, there are 28 more homes under contract, 13 of which are in excess of $400,000 (list prices).
If buyers qualify, they can take advantage of the governments $6,500 tax credit for move up buyers. Also interest rates remain favorable. The fed has announced that they intend to wind down their purchase of mortgages at the end of March, Interest rates will likely move up when that happens. Also, to take advantage of the tax credit a buyer must have a home under contract by April 30th, 2010 and close by the end of June. It is still a great time to buy with 182 homes to choose from.
For more information, contact Dan Sieverding 520-909-9408.
Source: Tucson Multiple Listing Service.
The median sale price was $404,250 up from $290,000 last January--a 39.40% increase. More homes are being sold in the higher price ranges which accounts for the jump in the metrics. As of month-end, there are 28 more homes under contract, 13 of which are in excess of $400,000 (list prices).
If buyers qualify, they can take advantage of the governments $6,500 tax credit for move up buyers. Also interest rates remain favorable. The fed has announced that they intend to wind down their purchase of mortgages at the end of March, Interest rates will likely move up when that happens. Also, to take advantage of the tax credit a buyer must have a home under contract by April 30th, 2010 and close by the end of June. It is still a great time to buy with 182 homes to choose from.
For more information, contact Dan Sieverding 520-909-9408.
Source: Tucson Multiple Listing Service.
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