By Gabriela Rico | Arizona Daily Star
Condominiums are making a comeback in the Tucson market.
As the prices of single-family homes continues to soar, along with homeowners’ equity, people are turning to condos as alternatives or investments.
One project in the foothills that will put 132 units on the market within the next two years looks to fetch $319,000 for a two-bedroom, 1,074-square-foot condo. A one-bedroom, 765-square-foot model will start at $253,900.
Meanwhile, the average new home price in the Tucson area stands at nearly $430,000 and the average resale home price is $360,000.
