Did you know that the Hokokam Indians settled the area that would become Tucson some 4,000 years before Europeans ever arrived in the area? This means that the city, which has grown to be the second largest in the state of Arizona, is also one of the oldest inhabited sites in all of North American history. Officially made part of the state in 1854 and incorporated city in 1877, Tucson can thank Southern Pacific Railroad for bringing about the initial growth that allowed it to become the city it is today.
Investing some time into researching any area that you might be planning to purchase a home either through traditional lending avenues or via one of the many rent to own home programs is crucial. When you know what the area is doing, you can then gauge just how and where you should spend your money.
For example, in the Tucson area the average listing price as of recent is right around $275,573 this is down 0.5% over the last few weeks. In addition, the median sales price for the city is only $150,250 which is an impressive increase of 18.3% over this same time last year. According to sales data, the average numbers of sales per month, which is 1,084, has dropped by 40.9% from last year's numbers.
Tucson has about 3,107 homes in some stage of the pre-foreclosure or bank-owned process and currently has approximately 5,411 new and resale properties available.
Summers get hot in Tucson, with temperatures reaching over 100 degrees. The area gets 11.8 inches of precipitation per year. The lack of humidity means Tucson has a dry heat that won't leave you feeling like you are dripping away. During the winter, temperatures can get as low as 30 degrees during the night.
There is more to living in Tucson than just great home prices and extraordinary weather. There are actually several annual events and festivals to look forward to. Some of the major events that take place are the Family Arts Festival, which is held every year at the Tucson Convention Center, the reenacting of the famous capturing of the Dillinger gang at the Dillinger Days Street Festival, and the Arizona International Film Festival.
Tucson is also the home of the Arizona Diamondbacks, Chicago White Sox, and Colorado Rockies Major League Baseball Spring Training Camp, which is held every year at the Tucson Electric Park. Come fall, the Buckelew Farm Pumpkin Festival & Corn Maze gets set up, and visitors can pick their own pumpkins, run through corn maze, and go on real life wagon rides.
According to the Wall Street Journal, Tucson is a "mini mecca for the arts." Some of the region's best performing arts, museums, galleries and studios are in Tucson. For example, Tucson has its own symphony, opera, professional theater, and ballet company. Museum lovers are going to find the Center for Creative Photography, Tucson Museum of Art, and the Arizona State Museum more than capable of satisfying their cultural needs. Plus, Tucson is home to over 35 art galleries and more than 200 art related groups.
Some of the area's major entertainment venues include the Tucson Convention Center, which hosts everything from small concerts and sports events to Broadway productions and circus acts. Then, there's the Tucson landmark that just celebrated its 75thanniversary: Centennial Hall. The list of visitors to Centennial Hall includes famous speakers like John F. Kennedy and Martin Luther King, Jr, performers like Carol Burnett and Bonnie Raitt, and shows like the Broadway musical "Fela!"
Outside of the art district and the entertainment segment of the city, there is the added benefits of having the ability to seek alternative recreation at one of the area casinos. Two of the main ones in the area are the Desert Diamond Casino, which, aside from gambling, is host to several headliners throughout the year, and Casino Del Sol with its AVA Amphitheater, which offers up a very unique "open-air venue" that's the perfect setting for catching one of the many concerts or events held in it year around.
From Armory Park, which is registered on the National Register of Historic Places, to the pre-WWII built Barrio Anita area, Tucson has a lot of history to offer its residents. For example, some of the area's earliest settlers made Tucson's Barrio Kroger home because of the agricultural benefits, while others in the area made Barrio San Antonio, soon to be added to the historical register, home.
When researching Tucson for the area that might best serve your rent to own needs, some of the most popular neighborhoods in Tucson are Rita Ranch and Sam Hughes. Homes in Rita Ranch are going for $179,099, which is down 0.3%, while the homes in the Sam Hughes neighborhood are averaging a listing price around $356,018 which is actually up 1.7% compared to recent weeks.
Other favorite neighborhoods in Tucson include the Palo Verdes, which has an average sales price of right around the $152,205 mark, and the Midvale Park area, which have seen a slight 0.7% drop in listing prices to about the $105,994 range.
Some new neighborhoods that deserve attention are the Duffy area, which has homes seeing a huge 36.8% spike in listing prices to $194,450, North Dodge, which has seen its own jump in pricing by 34.3% to an average of $511,046, and then there's the Catalina Vista and its average listing price of $439,500, which itself is up 25.6% from recent months.
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