Manager’s Message: Marana remains resilient in face of virus
by Jason Angell | Special to Tucson Local Media
The Town of Marana has reached several milestones recently, most notably reaching 50,000 residents at the end of the 2019-2020 fiscal year. Despite the economic impacts of the COVID-19 pandemic, we continue to be a fast-growing community, and we look forward to Marana’s continued development in the coming years.
Marana’s housing market experienced the greatest economic impacts in the last few months, resulting in a reduced home inventory supply in the resale market. For this reason, realtors expect the median list price to continue to rise. During the first quarter of 2020, the year-over-year value of homes appreciated by 5.7% nationally and 8.5% in Arizona, which ranked 7th in the US. Arizona also has more in-migration than out-migration, which translates into a strong housing market. This reflects research done by the National Association of Realtors, which shows housing markets in the West and South leading the market’s recovery as buyers move to warmer climates.
