Luxury home sales in Tucson are heating up

The first half of 2015 saw a sharp rise in the sale of Tucson homes priced $800,000 and higher, and the number of unsold luxury homes declined.:Courtesy Long RealtyBy Gabriela Rico | Arizona Daily Star

For the first half of this year, sales of homes priced $800,000-plus were up 7 percent compared to the same period in 2014. At the same time, the number of unsold luxury homes languishing on the market was down 6 percent from last year — and down 19 percent from January.

The Residences at The Ritz-Carlton, Dove Mountain has sold nine properties totaling $18  million so far this year. Each one sold for $1 million to $3.4 million.

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