Happy New Years!

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Merry Christmas and Happy New Year!

Merry Christmas and Happy New Year!

TARMLS - NOVEMBER 2017

Below are some highlights from the November Residential Sales Statistics:

• Total Sales Volume of $279,460,100 is a decrease of 3.26% from October’s number of $288,890,599 but an increase of 9.31% since November 2016.  

• The Average Sales Price is up this month going from $238,358 in October to $246,437, a 3.39% increase.

• Average List Price of $252,533 increased 3.58% from October.   

• Total Under Contract of 1,531 is a decrease of 7.38% since last month.

• Total Unit Sales of 1,134 is a 6.44% decrease from October’s 1,212. 

• The Median Sales Price rose this month to $207,527 from $199,900 in October resulting in a 3.82% increase and a 12.24% increase over November 2016.   

• New Listings decreased significantly this month going from 1,896 in October to 1,494 in November resulting in a 21.20% change.

• Total Active Listings of 3,611 is a decrease of 2.11% from last month.  

• Average Days on Market increased from 40 to 44 this month.  

• Conventional loan sales of 44.2% exceeded Cash Sales of 24.6%.

Mortgage bond prices finished the week higher which put downward pressure on rates. Rates were stable Monday morning despite stock strength that had the DOW up 264 points early that day. The Senate passed tax reform which had stocks optimistic. Factory orders fell 0.1% versus the expected 0.4% decrease. ADP payrolls rose 190K as expected. Revised Q3 Productivity was 3% versus the expected 3.3% reading. Weekly jobless claims were 236K. Analysts expected a reading of 240K. Unemployment was 4.1% as expected. Payrolls rose 228K versus the expected 200K increase. The strong payrolls component sent stocks sharply higher again Friday. Consumer sentiment was 96.8 versus the expected 98.8 which tempered some of the positive economic outlook. We ended the week better by approximately 1/4 of a discount point.

December 08, 2017

Information provided by: The Brannon Group / NOVA home loans

"'Wine-ding' Down the Year"-- a Wine-Tasting Event!

Tucson REALTORS® Charitable Foundation cordially invites you to a Wine and Beer Tasting! 

Your choice of wine or beer flights, appetizers, music, holiday cheer, and much more! 

It's all for a good cause! 

Wednesday, December 13 * 5:30 pm - 8:30 pm Three Canyon Wine & Beer Garden 

4999 N. Sabino Canyon, Tucson

UPDATE! TAX REFORM:

Both the House and Senate have named the members of the conference committee.  The committee will begin meeting next week, its goal is to send a final bill to the President by December 15, 2017.  NAR will continue to run the Call for Action until the committee finishes the legislation. 

The Call for Action will now include language on State and Local Tax deductibility. Although the two bills have the exact same language, discussions are ongoing to make changes during the tax conference negotiations.  This has created an opportunity for NAR to seek an expansion of the tax deduction to include income taxes, an increase in the cap and indexing the cap to inflation.

Information provided by: Tucson Association of Realtors

Mortgage bond prices finished the week lower which put upward pressure on rates.  Trading was quiet the first portion of the week.  Stocks surged higher the latter portion of the week as the DOW hit record levels.  Housing prices continued to rise according to both the Federal Housing Finance Agency (FHFA) and the Case Shiller releases.  Low inventories coupled with low interest rates are two reasons cited for the year over year rise in prices.  Consumer confidence was stronger than expected.  Revised GDP rose 3.3% versus the expected 3% reading.  This figure moved in the right direction but many analysts still want to see higher GDP figures with so much support from the Federal Reserve.  Core PCE inflation rose 0.2% as expected.  ISM index was 58.2 as expected.  We ended the week worse by 1/4 of a discount point.

Information provided by: The Brannon Group / NOVA Home Loans

Happy Thanksgiving from Garner Group Properties......
www.garnergroupproperties.com.com

Buying or Selling a home here in Tucson, AZ and you want a Great Realtor?
Give me a call...... 520-870-5114


You can find me at: https://www.facebook.com/TUCSONARIZONAREALTOR/
or www.garnergroupproperties.com


Have a great weekend!

Below are some highlights from the October Tucson, AZ Residential Sales Statistics - Provided by: MLSSAZ

• Total Sales Volume of $288,890,599 is a decrease of 3.75% since last month’s number of $300,150,958 but is an increase of 12.5% since October 2016.

  

• The Average Sales Price of $238,358 is a decrease of 3.75% from $247,649 last month.

• Average List Price of $243,801 is down 3.60% from September. 

 

• Total Under Contract of 1,653 is an increase of .12% since last month.

 

• Total Unit Sales of 1,212 matched last month’s number of 1,212, but is an increase of 3.95% since October 2016.

• The Median Sales Price decreased by 3.39% to $199,900 from $206,915 in September, but is an increase of 12.30% since October 2016. 

 

• New Listings are up 2.71% since September.

November 3, 2017, the Town of Oro Valley will launch its seventh annual Shop OV Holiday Campaign, a “shop local” effort that includes more than 100 prize drawings for participants. The campaign is held November 3, 2017– December 29, 2017. During this time, anyone who shops at an Oro Valley business and spends at least $25 is eligible to participate in a weekly prize drawing sponsored by Oro Valley businesses and the Greater Oro Valley Chamber of Commerce.

Happy Veterans Day!... From Garner Group Properties.... www.garnergroupproperties.com

November 2017 - Oro Valley, AZ 85737.... Is currently a buyers market!

Buyers Aren’t Spooked by Haunted Houses

Daily Real Estate News | Thursday, October 12, 2017

With inventories so tight, many consumers say they’re even willing to live in a haunted house.

Thirty-three percent of more than 1,000 consumers recently surveyed say they’re willing to live in a haunted house, and another 25 percent said they’d consider it.

According to the National Association of Realtors as of July 2017, home prices have risen 5.8% compared to the same time last year. Additionally, as of July 2017 there was a 4.2-month supply of homes available for sale; this is below the 6-month supply that many real estate professionals consider normal.

Last year homes in the Oro Valley sold for an average of within 2.3% of asking price. Many of my clients are surprised to learn homes are selling for asking price and often, even more than asking price.

Peace is possible over Honeybee Trails.....         http://www.tucsonlocalmedia.com/news/local/article_414dd1cc-a931-11e7-a1ef-7b1399158d2c.html

Cooler weather......Temps are starting to drop here in Tucson, AZ.... To be in the mid 80's during the day and mid 50's at night.....come this weekend!

Check out the pool at the Ritz at Dove Mountain..... http://www.garnergroupproperties.com/

While out on my morning walk here in Tucson, AZ.... Nature at its best!
http://www.garnergroupproperties.com/

Spent the day driving a new client around Tucson to find the perfect condo..... http://www.garnergroupproperties.com/

Freddy's has arrived here in Oro Valley..... http://www.orovalleyaz.gov/town/news/shop-ov-spotlight-freddys-frozen-custard-and-steakburgers

Hello.... Visit my website at: http://www.garnergroupproperties.com/

I help home buyers and sellers here in Tucson, AZ....
Give me a call: 520.870.5114

This year’s Oro Valley music festival was a big success....http://www.orovalleymusicfestival.com/lineup/

Great place to stay!

If you need a place to stay while here in Tucson, AZ..... I recommend..... http://www.hiltonelconquistador.com/