The Catalina Foothills

in contract last week, July 12 - July 18, 2021

From Monday July 12th thru Sunday July 18th - 14 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/22/2021)

5 were priced from $381,000 to $590,000
7 from $600,000 to $900,000
2 at $1,195,000 & $2,500,000

 The slower pace of summer sales continues. And with it we're now seeing a slight rise in inventory - 87 single family homes for sale in the foothills today - a few more than we've seen at any time this year. 

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, July 5 - July 11, 2021

From Monday July 5th thru Sunday July 11th - 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/15/2021) 

6 were priced from $425,000 to $539,900
7 from $650,000 to $949,900
2 at $1,250,000 & $1,535,000

Since June 21st this is the 3rd week with fewer contracts than previous weeks. 
Last week I wondered, 'Summer slowdown? We'll see...'  
Now it is looking more like, yes, it is a summer slowdown. However, these 15 homes still went to contract quickly, just 5 DOM. And if this is a slowdown it is occurring later than usual. 

Summer slowdowns happen every year starting in late May or early June. It's the beginning of our off-season. Last summer, Covid summer of 2020, was the exception, as buyers came pouring in from other more congested cities, regardless of how hot is was here. 

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Catalina Foothills Single Family Home Sales Data for Jan 1 - June 30 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru June 30th of each year from 2015 to this year, 2021.

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents about 80% of the Catalina Foothills single family home market with 20% going to homes sold at $1,000,000 and UP.
A market that, other than last years pandemic induced slump, has been quite stable in recent years.

 

After years of scraping bottom the $million+ market has broken out and is doing astonishingly well this year. 

Median sold prices of homes that sold for up to $999,999 this year are 30% higher than in 2019 ($470k v. $616k) And when we look at the entire market, including the boost from so many $million+homes selling this year, the median sold price is Up 38% since 2019 - which is the number reflected in this chart. 


Combine quickly rising prices with the **lowest number of homes for sale in the last 20 years and you have frenzied buying and listings going to contract in a flash while attracting multiple offers. 

**(June 2021 avg. 75 homes for sale // June 2020 avg. 185 homes for sale // June 2019 avg. 273 homes for sale //
June 2016 avg. 464 homes for sale)

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, June 21 - July 4, 2021

From Monday June 21 thru Sunday July 4 - 38 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/6/21)  **3 other homes went to contract but those deals have since fallen thru

11 were priced from $449,000 to $599,000
19 from $625,000 to $997,000
 8 from $1,100,000 to $1,999,000

Fewer contracts than we've seen in previous weeks. Summer slowdown? We'll see...

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, June 14 to June 20, 2021

From Monday June 14 thru Sunday June 20 - 28 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 7/25/2021)

 7 were priced from $390,000 to $599,000
15 from $610,000 to $899,000
 6 from $1,000,000 to $1,399,000

28 homes to contract, and quickly too, (in 5 median DOM) in the middle of a sizzling hot June is not a market showing signs of slowing down, as I mentioned last week that it probably would. Not yet anyway.
DOM = days on market

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

another record broken

Home sales in the Catalina Foothills have broken a few records so far this year;
the record for highest ever median sold prices, currently $761,000 // the fastest home sales ever, currently 5 median days on market // the most sales at over $1million, 95 so far // the most sales over $3million, 7 so far // and now the first sale ever at over $4,000,000, at $4,063,564 in the Mountain Estates at Ventana. 

Click Here to see all the single family homes sold in the Catalina Foothills in the last 30 days (link expires 7/19/2021)

 

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

Take care, stay well

 TheFoothillsToday.com 
to easily search all Catalina Foothills homes for sale 

in contract for the last 3 weeks, from 5/24 to 6/13/2021

From Monday May 24 thru Sunday June 13 - 63 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 7/15/21)

28 were priced from $325,000 to $599,000
24 from $600,000 to $959,000
11 from $1,100,000 to $2,490,000

The market's still barreling along, or it was 2 or 3 weeks ago. 
Let's see how  many of those homes went to contract last week, 6/7 - 6/13.

21 contracts last week, priced from $325,000 to $959,000 
So, still barreling along, but worth noting that that is the first week in a very long time with no contracts at $1,000,000 & UP. 

It is very likely that with summer here in full bloom the market will slow down a bit, or more.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

 

Big sold numbers for the last 30 days

I was pulling the numbers for homes that sold in the last 30 days to update the Just Sold link on my website, TheFoothillsToday.com and while I wasn't  so surprised by the numbers, I sure was Wowed by them.

In the last 30 days;
94 homes soId (94 is way up there) at a median sold price of $740,000 (and $740,000 is too)
22 of them sold for over a $million, from $1,000,005 to $3,723,000 and all of them sold in just 6 median days on market. 
I don't think we've ever had a 30 day period with nearly that many sales at $1,000,000+.

And 3 of them sold at over $3,000,000, at $3,150,000, $3,337,500 and $3,723,000. 

To put that in perspective, in the previous 10 years combined, from 2011 thru 2020, a grand total of 8 homes sold at over $3mil.  8 in 10 years. v. 3 in the last 30 days.

See the 94 homes sold in the last 30 days, Wow!

 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

The first 5 months / Catalina Foothills Single Family Home Sales Data for Jan 1 - May 31, 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru May 31st of each year from 2015 to this year, 2021.

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents 80% of the Catalina Foothills single family home market with 20% going to homes sold at $1,000,000 and UP.
A relatively stable market with no big gains or losses in the last few years. 

On the other hand, with its meteoric rise, the $1,000,000+ market continues to astound us . 



And median sold prices aren't too shabby either, having benefited from the big rise in home sales at $1,000,000 & UP

Meanwhile, they're flying off the shelf, keeping buyers, sellers and their agents on their toes.


That's the market so far this year in the Catalina Foothills of Tucson, AZ.

If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.
Thanks for stopping by.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, May 17 thru May 23, 2021

From Monday May 17 thru Sunday May 23 - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 6/29/2021)

 
6 were priced from $310,000 to $559,000
10 from $645,000 to $949,000
  4 from $1,000,000 to $1,995,000

A somewhat ho-hum showing compared to the week before (May 10 - May 16)  but, nonetheless, inline with the number of contracts during other previous weeks. And now that June is upon us we'll see if the market slows down as it usually does in the summer, summer of 2020 being the exception. 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home