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AZ Avg Real Estate Commission Rate in Tucson, Arizona

Tucson is a city and the county seat of Pima County, Arizona, United States, and home to the University of Arizona. The 2010 United States Census put the population at 520,116, while the 2015 estimated population of the entire Tucson metropolitan statistical area (MSA) was 980,263. The Tucson MSA forms part of the larger Tucson-Nogales combined statistical area (CSA), with a total population of 1,010,025 as of the 2010 Census. Tucson is the second-largest populated city in Arizona behind Phoenix, both of which anchor the Arizona Sun Corridor. The city is located 108 miles (174 km) southeast of Phoenix and 60 mi (97 km) north of the U.S.–Mexico border. Tucson is the 33rd largest city and the 53rd largest metropolitan area in the United States.

Major incorporated suburbs of Tucson include Oro Valley and Marana northwest of the city, Sahuarita south of the city, and South Tucson in an enclave south of downtown. Communities in the vicinity of Tucson (some within or overlapping the city limits) include Casas Adobes, Catalina Foothills, Flowing Wells, Midvale Park, Tanque Verde, Tortolita, and Vail. Towns outside the Tucson metro area include Benson to the southeast, Catalina and Oracle to the north, and Green Valley to the south.

The Spanish name of the city, Tucsón [tukˈson], is derived from the O'odham Cuk Ṣon [tʃʊk ʂɔːn], meaning "(at the) base of the black [hill]", a reference to a basalt-covered hill now known as Sentinel Peak, also known as "A" Mountain. Tucson is sometimes referred to as "The Old Pueblo".

 

Tucson, Arizona Average Real Estate Agent Commission Rate Fees:

A total commission of 6.0%-7.0% is typically asked for by “full service” Agents working for the big national real estate firms in Tucson, Arizona.  70% of Sellers list with the first Agent they speak to, and we find that most Sellers who agree to pay a full 6.0%-7.0% commission do not realize that real estate commissions are NEGOTIABLE!

The national average total real estate commission in 2015 was 5.26% *

In Tucson, Arizona, you will find the following real estate commissions charged*:

Typical Asking Commission: 6.0%

Competitive Commission: 5.0-5.5%

Very Competitive Commission: 4.5-4.99%

The median existing single-family home price in the West rose 7.5%, to $372,400, in the second quarter of 2017 compared to the the second quarter of 2016.  Median sales prices for existing homes in the state's Major Metropolitan Areas are as follows:

In the State of Arizona, median home prices are as follows*:

Metro Area Median Sales Price % of Annual Change
Phoenix-Mesa-Scottdale $247,300 5.4%
Tucson  $213,000 10.6%

 

 

IMPORTANT

Real Estate Commissions are split between the listing Agent (who works for you to sell your home) and what will be offered on the MLS to any Agent that brings a Buyer to buy your home.  In a typical 6% total commission, the listing Broker is paid 3% and 3% is offered on the MLS to all Agents working with Buyers (so they can see what they will earn if they bring their Buyer to your home and complete the sale).

In a competitive commission structure, ranging from 5% to 5.5%, the listing Agent agrees to a listing commission of 2% to 2.5%, and they will recommend that they offer, on the MLS, a commission of 2.5% to 3.0% to the Buyer’s Agent.  Your Agent will usually tell you that if they offer less than 2.5% on the MLS that your home “won’t be shown”.  This makes sense, in that, all things being equal, the Buyer’s Agent will want as big a payday as possible when they find the right home for their client.  This is also especially true if market conditions favor Buyers in a so-called “Buyer’s Market” (high inventory levels in a period of unstable prices).

When you meet with your listing Agent, also remember that, unless they are a “Broker/Owner”, they will have to split their commission with their employing Broker. High producing Agents can work up to getting 90% of the listing commission from their Broker, but typically less experienced Agents may only receive 50% of the listing commission.

 

AGENTS ARE READY TO BID THEIR COMMISSION RATE TO GET YOUR LISTING

At ListingBidder.com, we first negotiate on your behalf a competitive real estate commission structure with HIGHLY EXPERIENCED, HIGHLY RECOMMENDED Agents who know your LOCAL market (even YOUR NEIGHBORHOOD); each ready to bid for your business.  These Agents are not just ordinary Agents as many of them are broker/owners and they have the best ability to negotiate their commissions and be competitive, in part because they do not have to share their listing commission with the brokerage firm.  This is a direct benefit to you and will save you thousands of dollars in real estate commission fees over the typical fees in Arizona.

 

ARE YOU BUYING IN THE SAME AREA, TOO?

Sellers who are also buying a home in the same local market have a volume discount advantage.  ListingBidder can use this opportunity to negotiate an even better real estate commission rate fee on the sale of your home because the Agent will be more willing to give a deeper discount (a very competitive rate) knowing there is additional commission being earned on the purchase of another home.  Be sure to check the box that you are also buying a home locally to receive these better rates.

 

ARE YOU READY TO RECEIVE COMPETITIVE COMMISSION RATE BIDS?

Click here to see your savings in just 24 hours…

 

DEMOGRAPHICS:

According to the 2010 American Census Bureau, the racial composition of Tucson was as follows:

  • non-Hispanic White: 47.2%
  • Black or African American: 5.0%
  • Native American: 2.7%
  • Asian: 2.9%
  • Native Hawaiian and Other Pacific Islander: 0.2%
  • Other race: 17.8%
  • Two or more races: 3.4%
  • Hispanic or Latino: 41.6%; Mexican Americans made up 36.1% of the city's population.

 

As of the census of 2010, there were 520,116 people, 229,762 households, and 112,455 families residing in the city. The population density was 2,500.1 inhabitants per square mile (965.3/km²). There were 209,609 housing units at an average density of 1,076.7 per square mile (415.7/km²). The racial makeup of the city was 69.7% White (down from 94.8% in 1970), 5.0% Black or African-American, 2.7% Native American, 2.9% Asian, 0.2% Pacific Islander, 16.9% from other races, and 3.8% from two or more races. Hispanic or Latino of any race were 41.6% of the population. Non-Hispanic Whites were 47.2% of the population in 2010, down from 72.8% in 1970.

There were 192,891 households out of which 29.0% had children under the age of 18 living with them, 39.7% were married couples living together, 13.8% had a female householder with no husband present, and 41.7% were non-families. 32.3% of all households were made up of individuals and 9.3% had someone living alone who was 65 years of age or older. The average household size was 2.42 and the average family size was 3.12.

In the inner-city, the population has 24.6% under the age of 18, 13.8% from 18 to 24, 30.5% from 25 to 44, 19.2% from 45 to 64, and 11.9% who were 65 years of age or older. The median age was 32 years. For every 100 females there were 96.0 males. For every 100 females age 18 and over, there were 93.3 males.

The median income for a household in the city was $30,981, and the median income for a family was $37,344. Males had a median income of $28,548 versus $23,086 for females. The per capita income for the city was $16,322. About 13.7% of families and 18.4% of the population were below the poverty line, including 23.6% of those under age 18 and 11.0% of those age 65 or over.

 

ECONOMY:

Much of Tucson's economic development has been centered on the development of the University of Arizona, which is currently the second largest employer in the city. Davis-Monthan Air Force Base, located on the southeastern edge of the city, also provides many jobs for Tucson residents. Its presence, as well as the presence of the US Army Intelligence Center (Fort Huachuca, the largest employer in the region in nearby Sierra Vista), has led to the development of a significant number of high-tech industries, including government contractors, in the area. The city of Tucson is also a major hub for the Union Pacific Railroad's Sunset Route that links the Los Angeles ports with the South/Southeast regions of the country.

Raytheon Missile Systems (formerly Hughes Aircraft Co.), Texas Instruments, IBM, Intuit Inc., Universal Avionics, Honeywell Aerospace, Sunquest Information Systems, Sanofi-Aventis, Ventana Medical Systems, Inc., and Bombardier Aerospace all have a significant presence in Tucson. Roughly 150 Tucson companies are involved in the design and manufacture of optics and optoelectronics systems, earning Tucson the nickname "Optics Valley".

Tourism is another major industry in Tucson, bringing in $2 billion per year and over 3.5 million visitors annually due to Tucson's numerous resorts, hotels, and attractions.

One of the major annual attractions is the Tucson Gem and Mineral Show, and its associated shows, all held generally in the first two weeks of February. These associated shows (such as gems, jewelry, beads, fossils) are held throughout the city, with 43 different shows in 2010. This makes Tucson's the largest such exposition in the world.

In addition to vacationers, a significant number of winter residents, or "snowbirds", are attracted by Tucson's mild winters and contribute to the local economy. Snowbirds often purchase second homes in Tucson and nearby areas, contributing significantly to the property tax base.

There are also a number of middle-class and upper-class Sonorans and Sinaloans who travel from Mexico to Tucson to purchase goods that are not readily available in Mexico.

Top employers

According to Tucson's 2016 Comprehensive Annual Financial Report, the top employers in the city are:

# Employer # of Employees
1 University of Arizona 11,235
2 Raytheon Missile Systems 9,600
3 State of Arizona 8,524
4 Davis–Monthan Air Force Base 8,335
5 Tucson Unified School District 7,134
6 Pima County 7,023
7 Banner University Medical Center Tucson 6,542
8 U.S. Customs and Border Protection 6,470
9 Freeport-McMoran Copper & Gold, Inc. 5,800
10 Wal-Mart Stores, Inc. 5,400

*Data provided by Bankrate.com - Real Estate and Wikipedia - Tucson - Arizona