The short answer is, a lot more than was doin' a few months ago.
Up until May nothing had sold in Pima Canyon since last October, so about seven months with no sales, nothing under contract and 20 something homes waiting for a buyer.
But since mid May things have popped a bit in PC. 4 homes have sold, the latest just today and another is under contract, cutting the inventory down to 15 for sale. But the plot thickens, because 9 of those 15 are spec homes. Yes, 9 specs in PC alone. (Note, not one of the sales was a distress sale and none of those currently listed are either)
And 2 other biggies are unaccounted for. They expired last month in PC and have yet to return. One was a spec priced at $3,995,000, where did it go, and the other a re-sale listed for $4,499,000.
And here’s a question for all you Pima Canyon fans. Whatever happened to the two Tara-Sun built, but not completed, spec homes that sat side-by-side on the eastern fringe of PC on Calle Sin Envidia. One listed for $2.0, the other for $1.8.
As I recall, during their last few weeks on the market, they were listed as short sales with construction to be completed by the buyer. Then puff, they were withdrawn, never to be seen again. What happened. Have the lenders really been dickering for 8 months now, quite possible, or maybe they’re just waiting for the market to turn. If so, get in line.
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