Downsizing – Is It a Trend for our Tucson Area?

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Real Estate Agent with Long Realty - Dove Mountain, Marana AZ SA564219000

Downsizing – Is It a Trend for our Tucson Area?

I read an interesting blog that had me digging into the Tucson Market to see what I could find in regards to downsizing and trends in homes sold in the greater Tucson real estate market.

In studying the MLS market statistic reports for our region, I discovered the following and have put it in graph form:

Downsizing – Is It a Trend for our Tucson Area?

In summary, in January of this year, 33.9% or, 282 homes of 830 sold were 4 bedroom or more.  

In June, 32.4% or 409 of 1261 homes were 4 bedroom or more.

Based on the MLS statistical report, the actual square footage of sold homes wasn't available, but for the subject of this post, let's assume they were larger homes.

What is perhaps even more telling, is the growing number of SOLD listings versus the number 6 months earlier.  A 66% difference in numbers.  Combine that with the dwindling inventory, and it's a matter of time until that affects pricing.  Where there's demand coupled with fewer choices...prices go up.

I'm not an analyst or expert - I'm just looking at one angle in the Tucson Area MLS Statistics, but I personally feel that downsizing has not hit the Tucson housing market as a trend.  I have dealt with many clients relocating to Tucson and buying smaller homes, or folks retiring, empty nesters, etc. that are looking for a home with less upkeep - but as a whole...I don't find that your average Tucson buyer is going small.

McMansions?  We have a few.  Micro-homes?  No, not really.  We DO have one shipping crate home!

To find your new home in Tucson, whatever the size, call me. (or text or email!) I'm happy to show you homes for sale in Tucson, AZ.

 

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If I can assist you in your home buying or selling in Marana, Tucson, Oro Valley, or Vail, please don't hesitate to call me!  Email at swdeserthomes@aol.com

Cara Marcelle Mancuso, Long Realty,

 (520)909-2988   

Regarding the material posted in my blog postings, these are my personal opinions and not those of Long Realty Company. 

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Rainmaker
973,805
Edward & Celia Maddox
Solutions Real Estate - Queen Creek, AZ
We Take The High Road

Interesting statistics. Thanks for sharing.  Most be somewhat to do with the economy.

Jul 19, 2012 08:09 AM #1
Rainmaker
704,599
Sharon Parisi
Keller Williams Dallas Premier Realty - Dallas, TX
Dallas Homes

I hear from luxury home builders in Dallas that people are building somewhat smaller homes.  Note that in Dallas that can mean going from 10,000 square feet to 7,000 square feet. The builders did not provide me with specifics.

Jul 19, 2012 08:15 AM #2
Rainmaker
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Jane Peters
Power Brokers Int'l - Los Angeles, CA
Connecting you to the L.A. real estate scene

I was going to say the same as Edward and Celia.  Interesting statistics.  You would think that with the baby boomer generation starting to look at downsizing it would be a trend.  These are figures it will be interesting to watch.

Jul 19, 2012 01:12 PM #3
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Rainmaker
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Cara Marcelle Mancuso

Call a Marana neighbor, I'm THERE!
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