@ $400/sf or more, consider this;
There are 21 homes listed for sale in the Foothills at $400/sf or more. And while that may not sound like so so many, also consider this;
So far this year just 1 home listed at $400/sf has sold. And none are in contract.
And last year wasn’t so good for $400/sf listings either, just 2 sold last year.
In the spring/summer of 09 - when we thought the worst of it was over - 6 sold.
But back in the good ole days – 15 sold in 08 (that’s, of course, in just the first 8 months of 08 too), 17 sold in 07 and 27 flew off the shelf in 2006. But those days are long gone. At least for the foreseeable future.
These days, with just 1 sold this year & 21 listed for sale, unless things improve drastically (and that does not appear to be in the cards right now) theoretically, it would take about 189 months to sell all 21 homes. Give or take, that’s 16 years.
to find your Tucson Foothills home