Thursday, October 13, 2011

The Buildings of Tumamoc

Tumamoc Hill is west of A Mountain, where the city does the July 4 fireworks show. I walked up the hill last night around 7:30 after hearing a lecture at the gorgeous Desert Laboratory Library (above), which is located half way up the hill. It's the same as when I make the walk at 6:30 AM. Hundreds of Tucsonans are huffing and puffing or effortlessly running up and down the hill.

The three beautiful buildings at the Desert Laboratory were all built with local rock between 1900 and 1910. They are on the National Register of Historic Places.

Tuesday, October 11, 2011

Residential Sales Statistics for September

The Tucson Association of Realtors has released the Residential Sales Statistics for September.

Yikes! Average sale price was $150,699, down 17% from September last year. Median sale price was $117,500, down 19.4% from a year ago.

The reason for this is clear. Foreclosures and short sales still dominate the market. Of the 1,166 sales in Tucson in September, 534 were foreclosures and 162 were short sales. In other words, 60% of the sales were distressed properties.