Tucson Real Estate – Luxury Market Update July 2013, The Residences
Over the past couple of years, Tucson real estate has stabilized and then rebounded. From late 2011 to late 2012, year-over-year average sale prices of Tucson real estate increased about 12 percent. Meanwhile, valuations of luxury Tucson real estate have been stable, but they have not risen to the same degree. This means that the astute investor considering luxury Tucson residences can still purchase one of the luxury homes in Tucson at historically low prices. What a great time to look at Tucson real estate as you look at the luxury homes in Tucson for retirement or second home purposes.
An ideal marriage often exists between championship golf and Tucson luxury residences. Communities that combine million-dollar luxury Tucson homes and dynamic golf currently offer attractive prices for homes that can be financed at truly bargain interest rates.
Just 25 miles north of Tucson, one such community of Tucson luxury residences is flourishing. The Residences at the Ritz-Carlton Dove Mountain Resort offer luxury Tucson homes for dedicated golfers, among others. The most prolific winner of major championships in the history of the game, Jack Nicklaus, has designed a true masterpiece in the high Sonoran desert. Imagine the possibilities as you invite family and friends to journey to the Tucson area to see the annual Accenture Match Play Championship. Each year, the top 64 players in the world golf rankings meet in the most traditional form of golf competition, match play.
Better yet, entertain visitors at one of these Tucson luxury residences, and then treat them to a memorable round. The 27-hole complex features the Saguaro, Tortolita, and Wild Burro nines. Any two combine to offer almost 8,000 yards of golf from the longest tees. Fortunately, Mr. Nicklaus has provided shorter sets of tees to properly address the talents present at all skill levels. The Tortolita nine is aptly named, as it winds along the base of the Tortolitas. It is the back nine at the Accenture Match Play tournament. It is a rare nine that almost reaches the 4,000 yard mark. From the very back tees, it measures a prodigious 3,955 yards. The Saguaro nine, the front nine for the Accenture tournament, is set against a forest of Saguaro cactus that lies off to the west. Finally, the Wild Burro nine brings panoramic views of the Tortolita Mountains to the attention of the avid golfer that owns luxury Tucson real estate in the area.
The prestige that the Accenture Championship brings to Dove Mountain bodes well for the future valuations of luxury Tucson real estate here. The highly respected “Ritz-Carlton” name attaches to each of the luxury Tucson residences here, further stabilizing and enhancing valuations.
One might expect that a course capable of hosting such a major tournament would have an amenity-laden, sprawling clubhouse. Those that invest in luxury Tucson homes here can enjoy the 45,000 sq ft clubhouse. Time in the Olympic-sized swimming pool offers the perfect complement to a day out on the course.
Luxury homes in Tucson at The Residences represents Tucson real estate at its best. Customized floor plans in luxury Tucson homes ranging from 2,400 to 5,400 sq ft in size are available. Those wanting to build their own Tucson luxury residences will find mountain foothills lots spread out across 800 acres in the Dove Mountain community. Existing luxury Tucson real estate at the Ritz-Carlton resort offers some of the best luxury homes in Tucson.
For more information on The Residences at The Ritz-Carlton, Dove Mountain, call 877-451-7205 or contact us today.