Rancho del Lago MLS report - September 2008

By
Real Estate Agent with Tierra Antigua Realty, LLC

    Below are the market statistics for Rancho del Lago for September 2008 as provided by the Tucson Association of Realtors:


Active Listings:

 

84

New Listings:

 

18

Active Contingent:

 

10

Active Capa:

 

1

Pending:

 

4

Sold:

 

8

Expired:

 

3

Withdrawn Released:

 

8


 
   Rancho del Lago continues to clear stagnant inventory and prices are continuing to normalize, but at a much slower rate.

    With 18 new listings and 84 active listings Rancho del Lago continues to be an attractive draw to many homebuyers especially those who work for nearby employers (Raytheon, IBM, Tucson International Airport, Davis-Monthan AFB).

   Keep in mind, a few of the "New Listings" are price reductions that were enacted this month.  Several of the Active Contingent listings and Sold listings are foreclosures and or short sales and prices appear to be stabilizing from the activity of the past several months.

   K. Hovnanian continues to sell new homes with very competitive pricing which is also contributing to a slight price decline.

   If you are interested in homes in Rancho del Lago or the surrounding community feel free to contact me!

---
Michael Krotchie - Realtor®
Coldwell Banker Residential Brokerage, NRT LLC
6970 N. Oracle Road, Suite 100
Tucson, AZ 85704

520.404.4996 -- Mobile
520.544.4545 -- Office
520.844.6699 -- Fax
http://www.michaelkrotchie.com
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