The Catalina Foothills

In Contract 1/13 - 1/19/2025

From Jan 13 - Jan 19 /  21 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718 / 85750 (link expires 2/20/24)

6 - $485,000 - $599,950
7 - $678,000 - $927,000
8 - $1,150,000 - $2,690,000

A bountiful week for buyers and sellers and an encouraging start to the new year.

Once again DOM are all over the lot; 176, 36, 49, 78, 32, 68, 8, 85, 189, 105, 2, 121, 12, 70, 54, 3, 5, 0, 8, 190, 97, or simply -               61 median days on market (MDOM) for the whole lot.

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                      Catalina Foothills Homes
                 TheFoothillsToday.com | TheTucsonFoothills.com  
                 For The Real Scoop on The Foothills Market

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164
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In Contract 1/6 - 1/12/2025

From Jan 6 - Jan 12 /  14 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718 / 85750 (link expires 2/17/2025)

3 listed $425,000 - $549,000
8 listed $649,500 - $860,000
3 listed $1,349,500 - $1,695,000

DOM were all over the lot, 50, 70, 177, 161, 4, 26, 6, 141, 21, 6, 3, 145, 31, 20

14 homes to contract is a healthy number for this time of year. And, notably, 38 new listings also entered the market that week bringing the total Active Listings to 195 – the most since 2019.

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                         Catalina Foothills Homes
                 TheFoothillsToday.com | TheTucsonFoothills.com  
                 For The Real Scoop on The Foothills Market

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164
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Forecasting 2025 Home Prices

Realtor.com forecasts a 12.37% price increase for the Catalina Foothills (85718 & 85750) in 2025. However, the recent wildfires in Southern California are a significant development that will likely impact our local market.

Stay tuned for further updates as we analyze the potential effects.

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                       Catalina Foothills Homes
                 TheFoothillsToday.com | TheTucsonFoothills.com  
                 For The Real Scoop on The Foothills Market

                 John Schneider, Realtor® | Tierra Antigua Realty
                   [email protected] | 520 271- 4164
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In Contract, 12/23/2024 - 1/05/2025

From December 23 - January 5,  5 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718 / 85750 (link expires 2/06/2025)

3 listed $630,000 - $790,000
2 listed $1,055,000 - $1,849,900

And that's it! 
A pause in activity during the peak of the holiday season.
And now that the holidays are over we should see rising activity from now to around the end of May.

The 5 homes went to contract in 2, 3, 6, 36 and 101 days on market (DOM). 

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                          Catalina Foothills Homes
                 TheFoothillsToday.com | TheTucsonFoothills.com  
                 For The Real Scoop on The Foothills Market

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164
_________________________________________________________________________

A Shifting Foothills Market

2024 saw a 7.3% increase in the number of homes sold compared to 2023, accompanied by a 3.94% rise in median sold prices. And notably, Median Days On Market and the % S/LP ratios remained relatively consistent, all of which are usually signs of a strong, resilient market.

The Yearly Numbers 

2024 
640 Sold / $810,000 MSP / 19 MDOM / 97.4% S/LP

2023 
596 Sold / $779,250 MSP / 12 MDOM / 97.8% S/LP
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However, taking a closer look at 2024, a Quarterly breakdown tells a different story. A story that shows that Median Sold Prices dropped in each of 3 consecutive Quarters, resulting in a -12% drop in Median Sold Prices from Q1 to Q4. At best a concerning trend. (%S/LP = % of Sold Price / List Price)

The Quarterly Numbers
       
 #Homes Sold / Median Sold Price / Median Days on Market / % S/LP

Q1 - 157 sold / $865,000 MSP / 27 MDOM / 97.2% S/LP

Q2 - 194 sold / $835,000 MSP / 12 MDOM / 98.6% S/LP

Q3 - 128 sold / $790,000 MSP / 20 MDOM / 96% S/LP

Q4 - 161 sold / $760,000 MSP / 22 MDOM / 97.26% S/LP

I'd love to hear your thoughts on these findings.

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                           Catalina Foothills Homes
                 TheFoothillsToday.com | TheTucsonFoothills.com  
                 For The Real Scoop on The Foothills Market

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164
_________________________________________________________________________

In Contract 12/02 - 12/22/2024

From December 2 - December 22,  33 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718 / 85750 (link expires 1/25/2025)

  7 priced $390,000 - $519,000
20 priced $635,000 - $895,000
  6 priced $1,075,000 - $2,295,000

Days On Market are all over the lot!
10 went to contract in 0 - 10 DOM
  9 in 13 - 40 DOM
14 in 45 - 327 DOM

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                          Catalina Foothills Homes
                     For The Real Scoop on The Foothills Market
                 TheFoothillsToday.com | TheTucsonFoothills.com  

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164 _____________________________________________________________________________________________________________________

Happy Holidays!

   

    Merry Christmas And Happy New Year To All!
Wishing You a Warm and Bright Holiday Season!

 

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                             Catalina Foothills Homes
                     Get The Real Scoop on The Foothills Market
                 TheFoothillsToday.com | TheTucsonFoothills.com  

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164
___________________________________________________________

the LATEST / 12/13/24

More signs of a strong, competitive market

Since yesterday 12 Foothills homes sold from $540,000 to $1,565,000 
3 sold for list price 
4 sold for over list 
5 sold for under list

Overall they sold for 99% of their Original Median List Price - OMLP, in 20 MDOM

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                         Catalina Foothills Homes
                     Get The Real Scoop on The Foothills Market
                 TheFoothillsToday.com | TheTucsonFoothills.com  

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164 _____________________________________________________________________________________________________________________

In TheFoothillsToday.com / Dec 09, 2024

   **MLP - Median List Price // OMLP - Original Median List Price            
      MSP - Median Sold Price // MDOM - Median Days on Market
      Sold in last 30 days / link expires 1/09/2025

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● 180 homes for sale / MLP $996,500 / 68 MDOM & counting

● 66 in contract / MLP $795,000 / 61 MDOM
 / 66 in contract are listed for 20% less than those for sale

● 56 sold / MSP $785,000 / 26 MDOM / sold for 96.6% of OMLP
  / 56 sold for 21% less than those for sale
  / 41 sold up to $999,999 / 15 sold $1m+
  / 23 were cash sales

The numbers don't lie, with homes selling in 26 MDOM at 96.6% of original list price, they're telling us that the market is still strong, that is for desirable homes that are priced right.

  For a closer look see the Market Snapshot

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                         Catalina Foothills Homes
                     Get The Real Scoop on The Foothills Market
                 TheFoothillsToday.com | TheTucsonFoothills.com  

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164 _____________________________________________________________________________________________________________________

In Contract Weeks of 11/18 - 12/01/2024

From November 18 - December 1, 26 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718 / 85750 (link expires 1/04/2025)

  3 listed $350,000 - $479,999
17 listed $625,000 - $999,999
  6 listed $1,150,000 - $1,795,000

8 went to contract in 0 - 6 DOM, the rest were all over the lot - from 11 to 188 DOM

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                            Catalina Foothills Homes
                     Get The Real Scoop on The Foothills Market
                 TheFoothillsToday.com | TheTucsonFoothills.com  

                 John Schneider, Realtor® | Tierra Antigua Realty
                    [email protected] | 520 271- 4164 _____________________________________________________________________________________________________________________