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| Community Technology Information History |
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| Million-dollar homes are abundant in Tucson.
In the past few years the threshold for an exclusive dwelling has jumped. Prices have escalated, so there are more million-dollar houses on the market. A typical home in that price range now might be 3,500 to 6,000 square feet and have quality limestone floors and granite countertops. Arizona Market Comparison Home sales may be slowing in major markets around the country, but the latest federal survey of price appreciation suggests that the real estate boom was alive and well -- at least as of the final quarter of 2005. The Office of Federal Housing Enterprise Oversight (OFHEO), the only agency that tracks real estate valuation changes in over 300 markets using fresh appraisal data, found that the average American house gained nearly 13 percent in value between the end of 2004 and the end of 2005. Fourth quarter 2005 numbers for some parts of the country -- particularly Florida and Arizona -- were in full-fledged boom mode. Arizona property values also were on fire: Phoenix-Scottsdale homes gain 39.7 percent during the 12 month period ending in December. Prescott homes gained an average 35 percent, and Tucson 29 percent. |
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| SOMETHING NEW New homes are available in many stages of development as shown in the following pictures. |
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| J o y M e r g e n
E.MAIL Equal Opportunity Housing All information deemed reliable, but not guaranteed Copyright ©2006 - All rights reserved. Site by: www.artofcomputers.com Featured on: www.tucsonisgreat.com |
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| HISTORY |
| Updating and remodeling can breathe new life into a home and add to its resale value. Even less ambitious improvements can be expensive and chew up far more time than expected.
Smart shopping and zealous planning can keep a project from getting out of hand. |
| Kitchens usually need to be done every 25 to 35 years, while the life expectancy of a bathroom can run 35 to 50 years. Kitchens and bathrooms are generally updated and offer great excitment in the overall charm of Tucson's older homes on the market in this price range. A kitchen can be very functional even if it's not very attractive. Once you get to the point where it's not only not attractive but also not functional, then your back is up against the wall to do a new kitchen Home owners in this price range generally take much pride in ownership and updating is often done long before it is needed. |
| For the first time, there are more than one million owner-occupied homes in the United States worth a million dollars or more, according to a Census Bureau survey published late last month.
Once a symbol of unusual wealth, million dollar dwellings now seem like a dime a dozen in some places. San Francisco alone has more than 20,000 of them. There are another 46,000, or so, in Orange County, California - and an ample supply to choose from right here in Tucson, Arizona. |
| TUCSON HISTORY - SOMETHING OLD Charming beautiful historical homes exudes the Tucson area. |
| The surge in high-end prices happened quickly. The Census Bureau’s 2004 American Community Survey found 1,034,386 homes worth at least one million dollars in 2004, compared to 595,441 in 2002 and only 394,878 in 2000. Most of the surge comes from new homes being built in fabulous areas filled with luxury. |