Monday, December 19, 2011

Luminous Mother

At the base of Tumamoc Hill is a wonderful shrine called the Luminous Mother. Many people leave offerings and burning candles to ask for help or to honor loved ones. You can sit on a bench and reflect on your blessings. I wonder about the significance of the photos, stuffed animals, and souvenir plate from Jerusalem.

November Residential Sales Statistics

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

Just when we usually go into the year-end sales slump, we saw a 3.36% increase in units sold from October to November, and a 27% increase in the number of homes sold from November 2010.

The average sale price was $158,434, and the median sale price was $122,000. Both of these figures have increased for two months in a row.

Of the 1,015 homes sold, 59% sold for under $140,000 and 78% sold for under $200,000.

Real Estate Owned (REO) or foreclosures were 39% of the sales. Fifteen percent of the sales were short sales. As long as 54% of the sales are distressed properties selling at below market value, these comparable sales will continue to drag down the values of non-distressed homes.