here's a house in La Paloma that I like

- though no one else seems to

It was first listed on 3/2006 @ 975,000, then $949,000 > $899,000 > $849,000 > and SOLD on 3/2007 for $805,000 to an investor.

Who then did a 900 sq ft addition, and renovated the rest - with a new kitchen, baths, floors, interior & exterior doors, windows, lighting, outdoor kitchen, landscaping & more,

and then re-Listed on 10/07 @ $1,595,000, then $1,495,000 > $1,395,000 > $1,349,000 > $1,279,000 > and now it's $1,149,000, and there it sits

at $1,149,000

It's 4025 sq ft, 4 bedrooms + an office/den, 4.5 baths,
one level, no steps,

with a big open kitchen that's all new

and it's in La Paloma, with wonderful golf course & mountain views from the house and the yard 

OK, no doubt it was overpriced for a long time. But that was then and this is now, and now I think it's well priced. So I don't understand why it hasn't sold. Yes I like this one, and no, it's not my listing, nor that of a friend of mine. It's just a terrific house that's virtually new, on a great lot in La Paloma. What gives?

Here's the listing> 6140 N Via Presilla Tucson, AZ 85718 
**warning, the pictures in the listing are pretty drab**
the pictures up above are more like it.

see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes

Comments

[John Schneider]

lily,
the figures I quoted the other day are correct. But they are an average of all the homes under contract in the foothills. And not everyting under contract is priced at $201/sf. Of the 47 homes under contract, the range in $/sf prices goes from $97/sf up to $348/sf,and everything in-between, which averages out to $201/sf.
I was trying to make a point that there is a pretty big average $/sf price difference between those going to contract and those being rejected, or expiring.

[lily]

The price of this house is $285/sf which is way too much. As you wrote that few days ago "The homes that buyers are choosing are priced at an average of $201/sf. The homes they're passing by are priced at $253/sf."
That is why this house is still there and I think it will be there for a while.