Tucson is thriving with growth in jobs, new construction, and things to do. Check out some of the links. And drop me a line if you find something you want to share. Please feel free to share my newsletter with friends and family, and as always, if you know of friends or family who might be wanting to buy or sell a home, referrals are always welcome and appreciated!
News about Tucson
According to the TREND report the “Five Cs” of Arizona’s economy – copper, cotton, cattle, citrus and climate – have been transformed into the “Five Ts” of Tucson – technology, trade, transportation, tourism, and teaching. Tucson has been identified as a top city for millennials, and a UNESCO City of Gastronomy. Employment opportunities are on the rise with new businesses hiring hundreds of employees – Caterpillar, C3, Samsung, and World View. New construction in Downtown and expansion of Banner UMC highlight new growth for Tucson. More jobs means more need for housing.
Residential Real Estate Trends
The Long Realty monthly Housing Report indicates that housing inventory is low which is creating multiple offers from buyers on existing listings. This is resulting in sales at or near asking price. For properties listed in the $100,000-350,000 price points it is currently a seller’s market. For a copy of the Housing Report please email me at SuSwanne@TheRealEstatePage.House.
The Word of the Month is Inventory
In the residential Real Estate industry Inventory is the number of housing units available for purchase. If the housing inventory is stated as 2.5 months that means that with no other listings coming on the market all inventory would be gone in 2.5 months. Low inventory creates demand and causes prices to rise.
Things to Do in November
All Souls Procession – Dia de los Muertos: All Souls Procession weekend is November 5 and 6. View the calendar of events here.
- Veterans Day – November 11, 2016: Attend the 97th annual Veterans Day Parade starting at 11:00 a.m. For more information about the route and where to park go here.
- Tucson Desert Harmony Chorus Show – “Let Freedom Ring – A Military Salute”, honoring Veterans – Saturday, November 12, 2016, 3:00 p.m., St. Andrews Presbyterian Church. Tickets $18. The Tucson Desert Harmony Chorus is a chapter of the Sweet Adelines International Learn more about the chorus here. To listen to them visit YouTube at this link.
- Thanksgiving Day – Thursday, November 24, 2016. Please check local listings for events happening on this National Holiday of gratitude.
- Frida Kahlo Exhibit at Tucson Botanical Garden – Now until May 30, 2106. This exhibit examines Kahlo’s work through the lens of the plants and nature in her paintings and her personal gardens. Tucson Botanical Gardens was selected as the only institution to receive this extraordinary exhibition designed by one of the world’s premier botanical gardens, the New York Botanical Garden. (NYBG)
- Minerals, Mud and Fiber: Explorations of Desert Architecture at MOCA – Tucson’s Museum of Contemporary Art (MOCA) celebrates the work of Aranda/Lasch with their exhibition “Minerals, Mud and Fiber: Explorations of Desert Architecture”. The exhibition is organized around three materials from the Sonoran Desert and objects that are made from them: fiber expressed as baskets, adobe mud as a desert building block, and architectural structures drawn from the crystalline organization of minerals. Now until January 29, 2017. For more about the exhibition visit their website.
Tucson Real Estate Trends
- It’s a good time to sell – greater demand, low inventory, higher sales price
- It’s a good time to buy – low interest rates
A Little Something About Me
- In 2011 I ended seven years of living full-time in a travel trailer, and moved into a two bedroom, two bath townhouse.
- Now, as a Realtor® with Long Realty Company I’m interested in helping other low income buyers qualify to realize their goal of home ownership.
The Word of the Month is Chili
Two years ago I traveled with my partner to Terlingua, Texas to experience the annual Original International Championship Chili Cookoff. This annual event raises money for the ALS Foundation through chili competition and entertainment.
This summer we have entered chili cookoff competitions through another organization, the Chili Appreciation Society International, that “raises money for charity through the promotion of chili”. Each locale has its own charities, and the cookoffs conducted there provide funds for those local charities. We have two more events scheduled for this summer. More on that later.
Celebrate Tucson’s Birthday on August 19th at the Presidio.
“Presidio San Agustin Museum is a re-creation of the Tucson Presidio built in 1775. Visitors travel back in time to learn about life as early Tucsonans would have lived it. Docent tours discuss life in the Presidio for soldiers and other residents. Additional highlights include an original Sonoran row house and a prehistoric pit house.”
The word from my agency is that in order to meet our sales goals for 2016 we have only nine months instead of 12. That is because historically in presidential election years real estate markets have slowed between September and November.
I’ve been reading about this online and it seems to me that there is some differences in opinion about this phenomenon. You, the reader, can google this yourself. What I am finding is that people buy and sell according to their own needs and what the economy offers. Yes, the economy can shift based on assumptions of what a new President might bring to the mix. Still, in my opinion, it’s the consumer who has the power to direct that economy.
Such a pronouncement about the market makes me aware of “fear”. Fear that if I don’t succeed in my listings and sales within nine months I will fail. It sets me up to feel a LOT of pressure. So I prefer to work one day at a time, constructing goals and meeting them as they arrive. I have lived the rat race/tread wheel life in the past, and I don’t find that it is good for my health.
I want to trust that as I approach my goals and follow through with the steps required, at my own pace,I will have the desired results. I know that when I feel pressured, that pressure often is not coming from myself, but from the outside. Outside influences – from sales meetings, media, concerns about competition and measuring up – disturb my focus for what I want for my business.
I am seeing that “everyone says I must do these things to have a successful business”. Maybe. Some things have been proven to work, techniques, strategies, etc. Sometimes those techniques need to be tweaked or eliminated. And strategies need to change. Because the market is like water. It flows, it freezes, it dries up. Constant change. Change must be anticipated so that one is not caught in the trap of going along with others’ ideas.
That is why I plan to conduct my business in a way that moves with changes, not by memes about what the changes will be. I will adapt to what is happening today and I hope that I can offer confidence to buyers and sellers who may be hesitant to enter the market because of what “they” say.
Happy May Day! May 1 has been venerated throughout the centuries as a specific time for celebration of new growth. I remember that as an elementary student I participated in a May Pole dance, with streamers around the pole. This custom is not very prevalent now in the United States, but is still a part of other global cultures.
Below, please find the May edition of my monthly newsletter. If you would like to receive the newsletter via email, please send me your contact information through my website.
Have you ever been on “The Loop”, Tucson’s multiple urban pathway (MUP)? I spotted these blooms while on a ride on the Julian Wash segment of the 131-mile riding and walking path around Tucson. As a recumbent tricycle rider it is a wonderful way for me to easily and safely enjoy the many aspects of the city.
There are many homes adjacent to The Loop which is easily accessible for enjoying the outdoors and city views, as well as watching the birds and wildlife. While on a ride on the Santa Cruz River I once witnessed a bobcat catching its morning meal. So if you like the kind of lifestyle Tucson affords cyclists and outdoor enthusiasts, you might want to investigate the possibilities.
Here is a great tool for your search! (http://longrealtyapp.com/suswanne)
Because I love words, this month begins a regular installment of The Monthly Word. This month’s word is REALTOR®. It is pronounced “reel –ter”, not “reel-uh-ter”. The definition of a REALTOR® is a real estate professional who is a member of the National Association of REALTORS® and who subscribes to its strict Code of Ethics. You might notice the symbol after the word realtor. You can read about the history of the REALTOR® trademark here.
In this month’s real estate news;
- Beware of scams that take advantage of buyers’ and sellers’ ignorance about the real estate business. Realtors can be scammed too, even when they are knowledgeable about real estate transactions. For example, phishing emails contain phony documents that look like the real thing, requesting the person to sign, and therefore divulge personal information, or worse, wire money to the thief rather than the escrow company. So beware!
- Real Estate trends for 2016 include continuing rise in home prices and sales, and higher rents and mortgage rates.
- Do you know how much house you need for your lifestyle? Find out by taking this quiz.
Local Events this month;
- Everyone loves to eat, and here are some places where you can celebrate Cinco de Mayo in Tucson.
- National Public Gardens Day is held on the Friday before Mother’s Day to promote awareness of how gardens and green spaces support life. In Tucson visit Arizona-Sonora Desert Museum, Reid Park Rose Garden, Tohono Chul Park, Tucson Botanical Gardens, and Yume Japanese Gardens.
If you have an event you’d like listed here, let me know.