Anna-Lise Troup's Tucson Area Real Estate Update: April 2011

Below are some highlights from the March statistics:
-We had a total sales volume increase of 19.28% from February to March.
-Average sales price of $163,590 decreased 10.31% from February's $182,388.
-Average list price for March was $173,178.
-Total under contract for March was 2152, resulting in a slight decrease of 5.28% from the February number of 2272.
-Total unit sales increased by 32.99%, from 879 in February to 1169 in March, the exact same amount as it was in March 2010.
-New listings rose 9.15% over February.

Click on the title of this article for a link to the entire report.


---Anna-Lise TroupTucson REALTOR/Davis-Monthan AFB PCS ExpertRealty Executives(520) 906-5659---Tucson Real Estate, Condos, Homes for SaleFree Relocating to Tucson, AZ Information KitDavis-Monthan AFB Relocation Information---

Special Rules for Members of the Military, the Foreign Service and the Intelligence Community
Congress has acknowledged the unique circumstances affecting members of the military, the foreign service and the intelligence community by making the following exceptions that apply to both the $8,000 tax credit for first-time home buyers and the $6,500 tax credit for repeat home buyers.

Exemption From Tax Credit Recapture Rules
•Typically, homes that are sold or that cease to be used as a principal residence within three years of the initial purchase are subject to recapture of the tax credit.
•However, qualified service members who sell or move from a tax credit home within three years of the initial purchase due to official extended duty are exempt from the recapture rule.
Extension of Tax Credit Deadlines
•The home buyer tax credit is available for qualified purchases with a binding sales contract in place on or before April 30, 2010 and closed by September 30, 2010.
•However, for qualified service members who are ordered on a period of official extended duty, these dates are extended. For these home buyers, the tax credit applies to sales with a binding sales contract in place on or before April 30, 2011 and closed by June 30, 2011.
•A person who is forced to return to the U.S. for medical reasons before completing an assignment of at least 90 days of qualified official extended duty outside of the United States may qualify for the one-year extension.
Definitions
•“Qualified service member” means a member of the uniformed services of the U.S military, a member of the Foreign Service of the U.S., or an employee of the intelligence community.
•“Official extended duty” means any period of extended duty outside of the United States for at least 90 days during the period beginning after December 31, 2008 and ending before May 1, 2010.




---Anna-Lise TroupTucson REALTOR/Davis-Monthan AFB PCS ExpertRealty Executives(520) 906-5659---Tucson Real Estate, Condos, Homes for SaleFree Relocating to Tucson, AZ Information KitDavis-Monthan AFB Relocation Information---

Maracay Homes, my favorite home builder in Rancho Sahuarita, just announced special incentives on two inventory homes ready for quick move in!






Copper Cove Plan - 1,601 sq. ft., 1 story, 3 bedroom, 2 baths, 2.5-car garage.
This home has Upgraded Maple Cabinets with 24" Uppers in Kitchen, Black G.E. Appliances, Master Bath Suite with Separate Shower, and Upgraded Flooring -- all on an Over-Sized Homesite!
$181,597 less special incentive.

Emerald Mountain Plan - 1,821 sq. ft., 1 story, 4 bedroom, 3 baths, 2.5-car garage. This spacious home has 42" Upper Maple Kitchen Cabinets, Upgraded Black G.E. Appliances, Master Suite with Separate Shower, Upgraded Tile Flooring, Extended Covered Patio, 9' Ceilings, Soft Water Loop -- all on an Over-Sized Home Site!
$200,233 less less special incentive.

Call Anna-Lise at 520-906-5659 to find out more about the special incentives. Save 30-40K for a limited time.

---Anna-Lise TroupTucson REALTOR/Davis-Monthan AFB PCS ExpertRealty Executives(520) 906-5659---Tucson Real Estate, Condos, Homes for SaleFree Relocating to Tucson, AZ Information KitDavis-Monthan AFB Relocation Information---