and quick too
7248 N Cloud Canyon Place was listed last December for $2,950,000, and as the off season approached it was reduced to $2,500,000 in June and went to contract in August and closed today for $2,175,000 ($305/sf) – 26% off its original list. And as things go at $2mil+, that’s not bad.
There’s been one other sale in the Canyons this year, a real whopper - 7557 N Secret Canyon Drive was listed for $3,500,000 and sold for $3,700,000 ($706/sf) , but with an additional vacant lot thrown into the pot.
Both sales are very good news for the Canyons and for the overall upper-end market in the Catalina foothills. As recently as May 2013 the picture was much bleaker than today.
In a post in May 2013 I noted that the few homes that had sold in the last 3+ years sold for drastic reductions of 40 – 60% off their original list prices. But sellers have gotten more realistic and buyers are taking note.
Two homes remain for sale in the Canyons
7248 N Cloud Canyon Place Tucson, AZ 85718
(listed by Russ Lyon Sotheby's Int Realty)
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