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.