Listed for years for more $$$$, but on the market just 9 days with new listing agents for less $$$ a home in the Canyons went to contract today listed at $1,995,000 ($320/sf)
This is the 2nd big contract in the Canyons this year, the other at $2,750,000 ($433/sf), incredibly enough, went to contract in just 91 days.
There was long dry spell in the Canyons from 2009 thru 2013 when just 4 homes sold, and sold at drastically reduced prices (like 40 – 60% off) including a spec home that started at $5mil and sold 2 years later as a foreclosure for $1,850,000.
Then in 2014 there were 2 sales, at $2,175,000 ($305/sf) & $3,700,000 ($706/sf) including an additional 3+ acre lot totaling 6.7 acres. And they were also reduced from loftier heights, but not nearly as drastically.
Assuming the 2 homes currently in contract make it to the finish line and close, it will be 4 sales in the last 18 months vs..... 4 fire sales in the previous 5 years.
to find your very own Catalina Foothills Home