KGC Properties LLC ~ Property Management & Real Estate In Tucson!

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They're Back - Tucson Home Investors!

Since the early spring of 2013, there just haven’t been many great properties on the market in Tucson – we were short of inventory and prices were great for Sellers.  For most of 2013 and 2014, Tucson investors disappeared, but in the past few weeks, things are starting to change.  

The Tucson real estate market is starting to offer good prices on good homes again and investors are starting to show back up.  Investors, especially those with cash, can get some good deals, even though the pricing is up – there are some areas of town where prices are not as strong so properties can be purchased and rented for a good cap rate (between 8 and 10%).

The other piece of good news for investors in the Tucson market – professional flippers – it’s time to take another look at the margins for purchase, remodel and re-sell.  Although Tucson home prices are not steady and vary, a new home cannot be built for under $100 a square foot right now.  With a good amount of homes available for $70 a square foot or less, well the numbers add up for healthy profit to fix and flip.

If you are interested in renting your home, purchasing an investment property or are a first time buyer – call KGC Properties and let’s get the process started for you!

 

Buying or selling Tucson real estate, Mt Lemmon, Tucson bank-owned homes, Tucson rental homes, or Tucson lease option homes? Visit www.KGCPropertiesLLC.com .

                                                 

 

This blog is written with my opinions and my opinions are  presented with accuracy but not guarantees. Please talk to a professional before making any real estate, financial or agency decisions.    Gabrielle Kamahele Rhind - 2014. If you want to reprint parts of this - just email me for my permission: KGCProperties@gmail.com .

 

Comment balloon 4 commentsGabrielle Kamahele Rhind • November 14 2014 03:48AM

Comments

So is the market starting to soften in your area? Or are new areas of town opening up to investors as the market starts to improve? 

Posted by Lise Howe, Assoc. Broker and Attorney Licensed in DC, MD, VA, (Keller Williams Capital Properties) over 3 years ago

Hopefully, the Tucson market will come roaring back soon. I've worked with a number of people who transferred from the area and I know how tough it was for them.

Posted by Nina Hollander, Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor (RE/MAX Executive | Charlotte, NC) over 3 years ago

Gabrielle, the holidays are a good time for a savvy investor to pick up some great investment properties.  Those with an interest should call you.

Posted by Gabe Sanders, Stuart Florida Real Estate (Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales) over 3 years ago

Funny how the buyers in the market can change so quickly based on the market prices of the homes Gabrielle.

Posted by Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366, General Contractor, Dry Rot and Water Damage (Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366) over 3 years ago

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