Real Estate Update

February has been a buzz with activity here in Tucson, as the annual gem show takes center stage, filling our roads and restaurants with visitors from far and wide. Alongside this vibrant atmosphere, there's been a noticeable uptick in home sales, adding an extra layer of excitement to the mix.

In the realm of real estate, staying informed about market trends and developments is key. According to the latest insights from Fannie Mae, there's an anticipation that interest rates could edge closer to 6% by the year's end, with a potential decrease to 5.75% in 2025. This shift could open up opportunities for homeowners looking to refinance and capitalize on favorable rates.

If you're eager to delve deeper into the dynamics of the market or explore your financing options, don't hesitate to reach out to us. We're here to connect you with our trusted network of lenders in town, ensuring you have the guidance and support you need to make informed decisions.

 

Every real estate transaction tells its own unique story, but there's something undeniably special about guiding clients from out of state and introducing them to the city we love. Recently, we had the pleasure of assisting a wonderful couple from out of state in the Tucson real estate market.

This particular couple had specific criteria in mind: privacy, stunning views, and a quintessential Tucson vibe. After a thorough day of property tours, they found their match nestled in the scenic Catalina Foothills. What made this transaction noteworthy was the fact that our clients were predominantly located out of state, adding an extra layer of complexity to the process.

In such situations, transparency and effective communication are not just niceties—they're necessities. We made it our mission to keep our clients informed and engaged throughout, utilizing virtual tools and regular updates to bridge the distance. This pragmatic approach ensured that important decisions were made with clarity and confidence, ensuring a smooth and streamlined experience for our clients.

As we continue to adapt to the evolving landscape of real estate, we remain committed to providing our clients with the expertise and support needed to achieve their goals—no matter where they may be located.

 

 

When our sellers first reached out to us, they were facing a common dilemma: their home had lingered on the market with little to no interest from potential buyers. Feedback suggested that the space felt cold and sterile, failing to captivate the imagination of those who walked through its doors. Recognizing the unique historic and Mid-Century Modern (MCM) charm of their property in Indian Ridge, they turned to us at Hazelbaker & Ranek for a fresh perspective.

What set us apart in their eyes was not only our reputation for excellence in real estate but also our connection to Tucson's rich architectural heritage. With Darci's involvement as a board member of the Tucson Historic Preservation Foundation, our clients felt confident that we were the right fit to showcase the unique character of their home.

 

After thorough discussion and assessment, we collectively determined that staging was the key to unlocking the full potential of the space. At Hazelbaker & Ranek, we boast a carefully curated collection of timeless and modern furniture and accessories, meticulously selected to complement and enhance the inherent beauty of any home.

 

With a price adjustment and a fully staged home, we were able to secure an offer and we closed in 21 days. For a full view of the listing Kiva Place

 

 

Nestled on the eastside in Sabino Vista, we listed a true gem boasting unparalleled views. Adding to its allure, one of the previous owners, a skilled ceramicist, left behind custom lamps, much to the delight of the new occupants. The resonance of this property with buyers was undeniable, as evidenced by the flurry of three offers received over the very first weekend—a testament to the robustness of the current market.

 

 

 

Last month, we successfully closed another chapter with our Oro Valley desert oasis listing. With the sellers on the move, we stepped in to facilitate the sale of a significant portion of the furniture through an esteemed estate company in town allowing for a seamless transaction process.

 

 

Drawing on our knowledge and connection, we recently secured a home for one of our clients before it went live, in the vibrant Feldman's area. Reflecting a growing trend, more individuals are prioritizing location, walkability, and biking accessibility over sheer space. This particular property with its solar power, perfectly encapsulates the essence of small sustainable desert living.

 

 

In a market where rental costs soar, we assisted a client in finding a space that had solid bones and was situated in a vibrant walkable, and bikeable neighborhood.  They are excited to make updates as time allows.