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Are Custom Builders Back? Has the High-End Spec Home Returned? Part Three

Are Custom Builders Back? Has the High-End Spec Home Returned? Part Three

In 2014, the recession finally seemed to be behind us, and the real estate trajectory for new home demand and sales was heading north. The semi-custom builders had proven sales up to the $650,000 price point. The custom home builders were still leery of the demand for new luxury homes...
Are Custom Builders Back? Has the High-End Spec Home Returned? Part Two

Are Custom Builders Back? Has the High-End Spec Home Returned? Part Two

During Tucson's residential real estate recession, which lasted roughly from 2007 until 2012-2013, virtually no high-end, custom, and speculative building took place in Tucson. Very gradually, some semi-custom home building companies began to re-enter the market with new home products, generally under the $500,000 price point. In addition to their...
Are Custom Builders Back? Has the High-End Spec Home Returned? Part One

Are Custom Builders Back? Has the High-End Spec Home Returned? Part One

The banner across the top of today's Arizona Daily Star proclaims,"Home Sells for $3M - Foothills deal is Tucson's biggest in 3 years." The accompanying article points to this sale as a sign of a"resurgence of the luxury home market in the Foothills." The manager of the office that sold...
2017: The Year to Buy and Build in Tucson

2017: The Year to Buy and Build in Tucson

There is just something about Tucson that makes it hard for people to stay away. For decades, visitors have turned their love of visiting the Old Pueblo into building new homes here, settling down and helping to make Tucson the booming and thriving mini-metropolis that it is today. In their...

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