The sun shines in Tucson almost every day of the year. Tucson's approximately 80,000 residents live in eight distinct communities: Oro Valley, Red Rock, Marana, Catalina, Tortolita, Cortaro, Casas Adobes and Oracle. Oro Valley was incorporated in 1974 and enjoys a higher elevation and slightly cooler temperatures than Tucson. It sits at an elevation of 2,620 feet and has a population of approximately 30,000.
From downhill skiing at Mount Lemmon (just 35 minutes away), to boating, water skiing and fishing at one of the local lakes the recreational opportunities are nearly endless. There is plenty to do on dry land as well including golfing, hiking or biking on a rustic trail, playing tennis, horseback riding, or picnicking in one of the area's many beautiful parks. The Tucson area has been rated one of "50 Fabulous Places to Raise Your Family" and the city itself is in the top five listing of mid-sized cities in the country.
The Tucson area boasts a cultural history that dates back more than one thousand years and some of the finest schools, museums and entertainment in the world can be found within the city's boundaries. Tucson also provides plenty of shopping opportunities, with a regional mall and many other shopping centers throughout the area. Something for everyone can be found in the communities of Tucson, where rugged mountains and desert tranquility combine with modern city life to create the perfect place to call home.
Tucson Real Estate Market: Price Range of Oro Valley Homes for Sale
The Tucson/Oro Valley real estate market is diverse. Mediterranean, contemporary and ranch-style single-family homes for sale as well as townhouses and condominiums are available. Condominiums start under $100,000 in communities including Cancha Del Golf, Oracle North, Casitas De Castilian, Las Casas Bellas and La Serena, many with hill and mountain views.
Home values and prices can range up to and exceed $300,000 in communities such as Vistoso Golf Casitas and Placita Del Oro, which boast stunning views and include access to swimming pools, tennis courts and recreation rooms. Single-family houses on the market start in the low $100,000s in communities of Oracle River Road, Canyon Shadows, Vista Las Catalinas, Copper Creek and Sun City Vistoso. Larger properties with homes overlooking the golf course, hill or mountain views, waterfront views and substantial acreage are priced at $2 million and more in master planned and gated communities such as La Reserve, Stone Canyon, Honey Bee Ridge and Honey Bee Canyon. Land and lots are also available for custom home building.
Oro Valley Real Estate Stats and Trends for the week of May 2nd, 2016: homes priced around $487,289 compared to $308,447 the previous week, showing a increase of more than +37%. For Tuesday, May 3rd, the current national mortgage rate for a 30 year fixed mortgage is 3.63%; the 15 year fixed rate is at 2.77%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.07%, while the 15 year jumbo rate currently is at 3.71%. You can calculate your mortgage rate with our mortgage calculators. Get local info and homes for sale in Oro Valley AZ. View active real estate listings for different types of properties including new homes, houses for sale, foreclosures, short sales, and price reduced listings. Find information and property resources including prices of recently sold homes, neighborhood information, crime stats, home values, and schools in Oro Valley to help you find the best home!