The Catalina Foothills

in contract the first 17 days of 2021 - January 1 - January 17, 2021

From Friday Jan 1 thru Sunday Jan 17th  46 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/20/2021)

21 were priced from $320,000 to $595,000
17 from $625,000 to $980,000 
 8 from $1,100,000 to $1,650,000

The beat goes on, no stopping to catch your breath in this market. 
But, incidentally, the same was true in January 2020 when  I remarked, 
".... This is a very healthy start to the 2020 market year, very. Usually it's kinda quiet at this time of year - with buyers taking their time, moseying around doing more tire kicking than actual buying. But this year there's an urgency to buy that I have not seen since the glory days of 2004 - 2005 ..." 

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to find your very own Catalina Foothills Home

Catalina Foothills Yearly Home Sales from 2005 to 2020

First up is a quick summary of single family homes sales in the Catalina Foothills for the years 2018, 2019 & 2020.
And following the summary, for a longer term view, there are charts tracking home sales in the Catalina Foothills from 2005 thru 2020. 

# of Homes Sold for up to $999,999
843 Sold in 2020 // that's  up 3.5% from 814 sold in 2019 &  up almost 11% from 761 sold in 2018

# of Homes Sold at $1,000,000 & UP
86 Sold in 2020 // that's up 43% from 60 sold in 2019 & up 38% from 62 sold in 2018

Median Sold Prices
$567,100 is the MSP for 2020 // that's up 14+% from $495,000 in 2019 & up almost 17% from $485,000 in 2018

# of Days on Market
15 DOM in 2020 // that's down 54% from 33 DOM in 2019 & down 58% from 36 DOM in 2018

One more thing. The supply of single family homes for sale in the Foothills is at an all-time low. 
Today there are just 76 single family homes for sale.
In Jan 2020 there were 228 for sale - and that was lean.
Jan 2019 - 305 for sale
Jan 2018 - 304 for sale
So if you're looking and not finding, it's not you. 

There you have it.
2020 was a big year for Catalina Foothills home sales - more homes sold and they sold faster and for more money. 
A Hot market which appears to want to keep going in 2021, but we'll need more homes for sale in order to do it. 

 

And now the historical view, with charts showing sales, sold prices, etc. of single family homes in the Catalina Foothills for each year since 2005..

First up is homes that sold for up to $999,999 - the bulk of the market

Next is homes that sold for $1,000,000 & UP - a market that made a big leap forward in 2020

DOM, how long homes were on the market before going to contract - not very long in 2020


And finally, sold prices are sort of back to where they were in 2006 - on paper they are anyway -
but adjusted for inflation 2006's median sold price of $570,000 would be $735,766 today while the actual median sold price today is $567,100. 

In the future I am going to cut back on the number of years covered in the sales reports and charts, from what has grown to its current 16 years, to a more relevant 4 or 5 years. The reports are going too far back to be meaningful - does anyone really care what the market did 8 or 10 or more years ago.  Yep, the Boom, the Bust, Been there Done that, let's move on..

Best Wishes for a Healthy, Happy & Prosperous New Year!

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

in contract the last 18 days of 2020 - December 14 - December 31st 2020

From Monday December 14th thru Thursday December 31st  34 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/02/2021)

16 were priced from $375,000 to $599,000
10 from $625,000 to $895,000
  8 big ones, from $1,225,000 to $2,500,000

A big finish to what was a very big year for Catalina Foothills home sales

Take care, Stay well

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

in contract the last 2 weeks, November 30th - December 13th 2020

From Monday November 30th thru Sunday December 13  42 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/16/2021)

15 were listed from $269,900 to $585,000
22  from $615,000 to $995,000
 5 from $1,199,000 to $2,969,000

Interesting, quite a few of the homes in this batch of contracts have been on the market longer than homes that went to contract in previous weeks and months. The question is, why have these homes that have been on the market for --  494, 336, 306, 241, 142, 106,101, 97, 93, 77, 73 .... days on market suddenly become attractive to buyers when they weren't so attractive last month or the month before. 

Sometimes a "special home" takes time to find a buyer of kindred spirit, sometimes the price has to come down, both of which have occurred with some of these homes, and sometimes, like now, there are so few homes to choose from that motivated buyers find it necessary to make more compromises than usual and do the best they can in the current market. With inventory as low as it is that is at least part of what we're seeing. 

Take care, Stay well

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

Catalina Foothills Home Sales Jan 1 to November 30th, 2005 - 2020

It occurred to me that some readers may prefer a quick summary of the latest sales numbers rather than having to scroll thru a series of charts and verbage and so on to get the latest scoop on the market. So, the charts will follow but first a quick summary of single family homes sales for the period of January 1st thru November 30th.

# of Homes Sold for up to $999,999
this year 782 Sold // up 3.7% from 754 sold last year & up 9.2% from 716 sold in 2018

# of Homes Sold at $1,000,000 & UP
this year 74 Sold // up 39% from 53 sold last year & up 27% from 58 sold in 2018

Median Sold Prices
this year the MSP is $560,000 // up 13+% from $495,000 last year & up 15+% from $485,000 in 2018

# of Days on Market
This year 16 Days on Market // down 50% from 32 DOM last year & down 57% from 37 DOM in 2018

There you have it, more homes sold and they sold faster and for more money. 

Now the charts which, I'm guessing, need no further chatter from me.

A busy and productive year for Catalina Foothills real estate sales. 

If you have a question or would like my help, I look forward to hearing from you.
Thank you, and Take care

John Schneider /Realtor®
Tierra Antigua Realty
johnschneiders@gmail.com
520 271-4164

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

 

in contract the last 2 weeks, 11/16 - 11/29/2020

From Monday November 16th thru Sunday November 29th   28 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 12/31/2020)

15 were priced from $285,000 to $599,000
 8  from $625,000 to $900,000
 5  from $1,059,000 to $1,795,000

We continue to see somewhat fewer contracts than we did in August, September and early October though the current numbers are inline with a seasonal slowdown for this time of year. And with only 120 single family homes for sale in the entire Catalina Foothills, there's not much for buyers to choose from. 

Take care, Stay well

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

in contract last week, 11/9 thru 11/15/2020

From Monday November 9th thru Sunday November 15th, once again,   17 single family homes went to contract   in the Catalina Foothills of Tucson, AZ (link expires 12/19/20) 
I say 'once again', because 17 homes went to contract in 3 of the last 4 weeks. Last week + Here & Here 

8 were priced from $255,000 to $569,900
6  from $729,000 to 985,000
3 from $1,250,000 to $1,850,000

Take care, stay well.

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

in contract last week, 11/2 - 11/8/2020

From Monday November 2nd thru Sunday November 8th just -  17 single family homes went to contract   - in the Catalina Foothills of Tucson, AZ (link expires 12/14/20)   (there were 20 contracts that week but 3 of them fell out)

10 were priced from $349,000 to $594,430
 3 from $629,900 to $819,000
 4 from $1,249,000 to $2,950,000

There were fewer contracts last week and I continue to hold to the (mostly unsubstantiated) belief that more homes would be going to contract & selling IF there were more homes for sale, a la, a bigger selection of homes for buyers to choose from. 

There are
129 single family homes for sale in the Foothills Today

                         V.
268 for sale at this time last year
305 for sale at this time in 2018
341 for sale at this time in 2017
etc., etc.

Take care, stay well.

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

Catalina Foothills Home Sales Jan 1 to Oct 31, 2005 - 2020

The following charts track the number of single family homes sold, median sold prices and days on the market in the Catalina Foothills of Tucson, AZ for the period of January 1st thru October 31st of each year from 2005 to this year, 2020. 

The home sales, sold price numbers and days on market are based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represent all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the number of homes sold for up to $999,999 - which is 92% of the Catalina Foothills single family market.
More homes sold YTD this year than any year since 2005

Likewise, home sales at $1,000,000 and UP are basking in their busiest year since 2007 
(to be clear, this chart shows only those homes that sold for $1,000,000 or more /  if they were listed at $1mil or more and sold for less than $1mil they are represented in the chart up above - sales up to $999,999)

Catalina Foothills homes continue to sell faster than ever.
YTD, homes are selling in 18 Median Days On Market
For October it's down to 7 days..

The median sold price thru October ($552,500) dipped a bit from where it was in September ($565,000).
Nonetheless, sold prices for Catalina Foothills homes are blowing the doors off previous years. 

That's how it is, for all but the most expensive homes it's a sellers market in the Catalina Foothills. 
Check out the Market Snapshot to see where your price range falls on the months of inventory scale. 

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

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

 

 

in contract the week of 10/26 - 11/1/2020

From Monday October 26th thru Sunday November 1st - 25 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 12/9/2020)

12 were priced from $250,000 to $599,000
10 from $600,000 to $910,000
 3 from $1,095,000 to $2,250,000

25 homes went to contract in just 7 MDOM  -- another fast moving week for Catalina Foothills single family home sales.

Take care, stay well.

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