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Since 2000, the Tucson area has seen an explosion of new homes built to accommodate the demands of a fast-growing city and low mortgage rates. But since the market meltdown, many new homes have sat idle and vacant. Imagine the good fortune of owning a nearly new home for a reasonable price. Subdivisions have sprung in all areas of town, including some new builds in well-established classic neighborhoods like Blenman Elm, Sam Hughes, and El Encanto Estates. Many private builders dissected enormous one-family lots to accommodate two or more private residences, but these homes still retain a semblance of privacy owing to the expansive size of the original lots. This type of new build could suit your taste if you are not looking to become lost in a Master Planned Community. The Rio Nuevo Project downtown has drawn many builders seeking to reinvigorate the oldest parts of the city. Gorgeous and well-appointed private homes and condominiums have been erected in this area co-mingling the historic barrios with progressive modernity.
It is a fantastic time to buy a newer home in Tucson. Due to the surplus of properties, home builders have dropped prices significantly. Even nearly new homes built in ultra-exclusive areas like the foothills and Oro Valley have seen reductions. Tucson nearly new properties also extend a measure of security because newer builds are constructed with efficiency and longevity in mind. Tucson is also a great place to live and play with loads of sunshine, great colleges and universities, and the Mexican food restaurants serve up is to die for! Newly-built communities have taken into account the shopping and transportation needs of their residents, with widened streets and additional retail, service and grocery stores moving to the area.
