(UPDATE) April 1, 2008 10 pm. This is no April fools joke. There are 849 closed transactions for March recorded.
I guess the Tucson Real Estate Market is doing even better than I thought. Yesterday, I posted we were at 733 and would make 750 and possible 800 by the time all the transactions for March were entered. Well, by tonight at 9 PM we were already at 800 closed transactions for March 2008. Now I’m wondering if we might be higher than 850 for the month
All status changes are to be entered into the system within 2 business days. This means agents/brokerages have until Midnight April 2, 2008 to enter their closed transactions for March without penalty. After than date there is a fine.
Now 800 is no where close to the 1341 recorded for March 2007, but remember, you have to do more than fog a spoon to get a loan in 2008.
The average sale price is higher which means the average price per square foot is also. But we will wait a few more days before we do any further analysis of the data. However, this is a good sign of activity in the Tucson real estate market despite the media blitz of negativity.
On a completely different note
Arizona Daily Star Signalling Extreme Inflation Hits Tucson
Arizona Daily Star increases the price of the daily paper from 50 cents to 75 cents signalling 33% inflation has hit Tucson and the Newspaper economy is experiencing RUN AWAY INFLATION!
Technorati Tags: Arizona Daily Star Inflation, Tucson MLS Preliminary Closed Transactions March 2008, Tucson Real Estate Market
This entry was posted on Monday, March 31st, 2008 at 9:43 pm and is filed under Tucson Real Estate Market . You can follow any responses to this entry through the RSS 2.0 feed. 
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April 1st, 2008 at 11:52 am
Arizona Daily Star increases the price of the daily paper from 50 cents to 75 cents signalling 33% inflation has hit Tucson and the Newspaper economy is experiencing RUN AWAY INFLATION!
Good for them! I’m about “this” close to canceling my subscription for various reasons anyway…