The Catalina Foothills

in contract last week, 1/7 - 1/13/2019

From Monday January 7th  thru Sunday Jan 13th - 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/18/2019)

7 were priced from $355,000 to $525,000
4 from $675,000 to $847,225
1 each at  $1,149,000&$1,599,000

During that same week 34 single family homes were listed for sale; lots of new listings is what it's all about at this time of year, the time when the Catalina Foothills real estate market gets into full swing with more buyers and more homes listed for sale.

Today, there are 307 single family homes listed for sale in the Catalina Foothills - see them all at TheFoothillsToday.com

TheFoothillsToday.com 
to find your very own Catalina Foothills Home

a snapshot of $/Sq Ft Sold Prices in the Catalina Foothills

$/sf sold prices peaked in 2006 at $270 gated and $213 non-gated, and bottomed out at $184 gated and $140 non-gated in 2012.
Since then they have risen 18.5% gated and 27% in non-gated areas.
Yet, after 6 years they are still well below their 2006 prices; 19% below  in gated and 16% below in non-gated areas. 

I squeezed in too much stuff, click the chart to expand it

I squeezed in too much stuff, click the chart to expand it

However, $/Sq Ft Sold Prices rose more in 2018 than in any other year since bottoming out in 2012 -
up 7.4% in Gated areas
up  8.5% in non-gated areas

And while that seems hopeful, if the current political/economic turmoil and uncertainty continues it is sure to have a negative affect on our real estate market. Though, does anyone doubt that it hasn't already.

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

in contract during the 1st 6 days of 2019

From Tuesday January 1st  thru Sunday January 6th - 9 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 2/11/2019)

6 were priced from $249,900 to $599,000
3 from $699,000 to $845,000
and that's it for contracts.    

During that same period 35 homes were listed for sale in the Catalina Foothills and they ranged in price from $243,100 to $2,195,000, including 5 homes listed from $1,119,900 to the aforementioned $2,195,000. 
As of today there are 305 single family homes listed for sale in the Catalina Foothills of Tucson, AZ  
See them all HERE

And away we go!

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

 

2018, by the numbers

817 single family homes sold in the Catalina Foothills of Tucson, AZ in 2018;
that's -9% less than the 898 homes sold in 2017.
Nevertheless, median sold prices rose 9.6% in 2018 (to $488,000) over 2017s median sold of $445,000.

Most Popular Price Range
The most popular price range for single family home sales in the Catalina Foothills was $300,000 to $399,999 - with 186 sales, and those 186 sales equal just under 23% of all the homes sold in the Catalina Foothills single family home market.

The 2nd most popular price range was $400,000 to $499,999 with 171 sales – which equals 21% of the market. So that small slice of the market, from $300,000 to $499,999, represented 44% of all the single family homes sold in Catalina Foothills in 2018.

Most Popular Subdivision
With a whopping 41 single family homes sold in 2018, La Paloma was, hands down, the most popular subdivision. The 41 sales were priced from $265,000 to $1,040,000 and just about every price range in between.

Most Sales at $1,000,000 & UP
It was practically a photo finish
Pima Canyon came in 1st with 10 sales from $1,045,000 to $1,500,000
meanwhile, Ventana CC, with 9 sales from $1,100,000 to $3,250,000, was nipping at Pima Canyon's heels
and Skyline CC came in 3rd with 8 homes sold from $1,025,000 to $2,152,700

And Now, Even More Exciting Data
486 homes sold had private  pools – 331 did not
198 homes sold in gated communities – 619 sold in non-gated areas 
670 homes sold were single story – 147 were 2 or more stories

17 of the homes sold were built from the beginning of time to 1960  (about 2% of all sales)
306 were built from 1961 to 1980   (37% of all sales)
376 were built from 1981 to 2000   (46% of all sales)
118 were built from 2001 to 2019    (14% of all sales)

239 homes sold were cash sales
493 were conventional financing
 9   were FHA loans
53  were VA loans
 6 were owner carryback sales
17 sold with some other creative form of payment

 2 of the homes sold were short sales
10 were foreclosures
                            

That's it for now,
Have a Happy, Healthy and Prosperous 2019                        

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

 

Catalina Foothills Home Sales & Sold Prices, January - December 2018

The following charts track single family home sales and sold prices in the Catalina Foothills of Tucson, AZ for each year from 2004 thru 2018. 

First up, the number of Homes Sold up to $999,999
Home sales in 2018 fell from where they were in 2017 - and the pace of falling sales has recently accelerated;
thru June sales were down just 2.3%; - thru November they were down just under 9%;
Now they're down 10.6%. 

Next up, Catalina Foothills home sales at $1,000,000 & UP
With 62 sales in 2018 more homes have sold for $1,000,000 & UP than in every other year since 2007.
But still a long way from the 92 sales in 2007 and eons from the 126 in 2006.

Sold prices this year are UP 9.6% over last year -
and have held fairly steady all year long with just a teeny drop (-0.34) in the last few months.

Repeating what I said last month - As we look at sales in the months ahead we are very likely to see some weakness in our market as a result of the recent and continued volatility in the stock market. The two go together like PB & J, particularly at the upper-end, though the results are not always as sweet. 

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

in contract the last 8 days of 2018; 12/24 - 12/31/2018

From Monday December 24th  thru Monday December 31st - 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/01/2019)

7 were priced from $299,000 to $574,900
6 from $600,000 to $845,000  
and  that's it for 2018

Happy New Year!

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

 

Catalina Foothills 4th Qtr Home Sales down 25%

From January 1st thru September 30th this year Catalina Foothills single family home sales were 4.7% lower than during the same 9 month period in 2017 - a drop that could be viewed as a slight cooling of the market, nothing to get too shook up about. 

But now for the 4th Qtr., from October 1st thru today, single family home sales are down a whopping 25.7% from where they were during the 4th Qtr. of 2017 - not unexpected, given the circumstances, and no quick fix in sight.  

214 single family homes sold in the 4th Qtr of 2017 
159 sold in the 4th Qtr. of 2018 = a drop of -25.7%

there may be a few sales closing tomorrow, 12/31/2018, and if so I will update the numbers. 

If you are getting fewer showings, or no showings at all, small comfort, but you are not alone. The agents I've talked with all report sharply lower activity on their listings. And yes, less activity is also a fact of life during the holidays. But there were the same holidays in the 4th Qtr. of 2017.

Happy New Year!

(the above figures are for single family homes sold at all prices in the Catalina Foothills (85718, 85750) of Tucson, AZ)

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

 

in contract the weeks of 12/17 - 12/23/2018

From Monday December 17th  thru Sunday December 23rd - 12 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/25/2019)

7 were priced from $349,900 to $595,000
3 from $783,000 to $845,000    
2  at $1,100,000 & $1,595,000 

under the circumstances - middle of Holiday season that is marred by seriously tanking stock market & volatile political climate - 12 contracts for a wide range of prices is impressive. 

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

 

 

in contract the weeks of 12/3 - 12/16/2018

From Monday December 3  thru Sunday December 16th - 27 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/17/2018)

16 were priced from $235,000 to $597,500
 9 from $619,000 to $950,000        
and 1 each at $1,050,000 & $1,499,000 - both of which went to contract before the ink was dry, in just 3 days 
and they couldn't be more different
- $1.050 a burnt adobe built 1969 and sitting on 8 acres in the heart of the old foothills - wouldn't surprise me if the buyer is a builder planning to split the acreage and build - actually it would surprise me if it isn't a builder planning to split 'em up and build. We'll soon see.
- $1.499 a very cool contemporary built 2001 on 0.84 acres behind the pearly gates of Ventana CC. 

Also interesting, these recent two weeks had almost twice as many contracts as the two prior weeks (11/19 - 12/02).
Why, you got me. 

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

in contract the weeks of 11/19 - 12/02/2018

From Monday November 19th  thru Sunday December 2nd - just 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/09/2019)

9 were priced from $287,000 to $575,000
2 at $600,000 & $997,000
4  at $1,095,000 to $1,995,000

Holy smokes, very few contracts for two weeks but who (not me) expected 4 homes in contract at $1million+ in the midst of the recent and continuing stock market turmoil, and, smack-dab in the middle of the holiday season.

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