The current DOM for the Oro Valley area (as of last month) was 88 days. Here is a link to the Tucson Association of Realtor's February 2009 report for your review: http://www.tucsonrealtors.org/tar-v2/MLS_Stats_Feb.pdf
As far as renting vs. selling, it really depends on what your motivations are. Market activity overall has slowed during the past several months but there are signs of stabilization and recovery.
A home with the criteria you provided would be a very popular offering in Oro Valley. Market activity continues to remain steady with a continuous flow of sales.
For more specific information feel free to contact me and you can see comparable market activity as well as current market rental rates for your property.
Michael Krotchie - RealtorÂ®
Coldwell Banker Residential Brokerage, NRT LLC
520.404.4996 -- Mobile
For your type property, the average days on market for sold properties is 55 days. Depending on the condition of your home, average selling price would be $464,000 to $527,000. Let me know if you want me to e-mail you a CMA. Have a restful evening.
Barbara Lasky, GRI
Long Realty Company
The first thing I suggest you do is click on the link below for a FREE Market Analysis Report. This will show you complete information on listings and sales in your area for homes that are similar to yours. It will show everything from specific DOM (Days on Market), listing prices, selling prices, pictures of the properties, amenities, etc.
Next, the best way to get a more precise price opinion is for us to arrange for me to visit your home and take a closer. Any price opinion at this point would be simply a random guess until I'm able to fully evaluate your home against other current listings and sales.
As for rentals - the rates fluctuate widely depending on the time of year. For example, right now during the summer months, similar homes are renting for $1800-$2000 per month. However, during the prime time months of January - April you might get more like $3500-$4000 per month.
Please feel free to contact me at your convenience if you have any questions and would like to talk further.
Tom Lois, Associate Broker - Long Realty Company
AHS, CRS, GRI, RSPS, SRES, e-PRO, RECS
"In Tune With Tucson Real Estate"
Long Realty Company
10445 N. Oracle Road, #121
Oro Valley, AZ 85737
Tel: (520) 271-2716 Fax: (520) 844-6206