they watched the market come and go

In Pima Canyon, the listing on 1682 E Sahuaro Blossom Place expired today.

But they’d been down this road before. You see Sahuaro Blossom was in the vanguard of the mega spec home movement that hit the Foothills in early 2004 when it was first listed for $3,400,000 while still under construction.

And even though no one snapped it up at $3.4 and, illustrating perfectly the rising market mentality of the time, instead of lowering the price - no way - they raised it.
To $4,200,000. But they did wait until it was completed to do that. But still.

So it hit the market again in August 2005 for $4,200,000 - at a nosebleed $715/sf, but no one cared about that. No one except nerds and appraisers even bothered to look at $/sf costs in those days.

So the market went up up up and then it went down down down and Sahuaro Blossom went nowhere. And now it’s going on 7 years old and it’s expired again, this time at $2,295,000 ($392/sf). What next.

1682 E Sahuaro Blossom Place Tucson, AZ 85718

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