November 17, 2024 7:23 am
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New home prices in Tucson hold steady

By Gabriela Rico | Arizona Daily Star

After soaring above the $500,000 mark last spring, average new home prices in the Tucson market have leveled off.

Bucking the national trend of climbing prices for the past six months, Tucson’s average new home prices have held steady under $500,000 with smaller lots, less amenities and homebuilder financing programs contributing to cost reductions.

But the demand for housing locally is fueling new developments and the first quarter of the year saw the number of permits for new homes jump more than 100%.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.