The Catalina Foothills

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

Catalina Foothills Home sales at $1,000,000 & UP

You may have heard, maybe you even heard it here, the upper-end market in the Catalina Foothills is doing better this year than it has in many years. Better than every year since 2007.

After years of going nowhere sales finally started to rise in 2016, with the biggest gains coming this year. And while the increase in sales is impressive and long overdue the really striking part of the picture is how quickly they're selling this year. 
(data is for Jan 1 - Oct 31 each year / MDOM = median days on market )

66 sold this year in 36 MDOM

51 sold in 2019 in 90 MDOM

53 sold in 2018 in 144 MDOM 

42 sold in 2017 in 116 MDOM 
they sold way faster this year than even 2006 when 112 sold (Jan 1 - Oct 31), but it took169 MDOM to do it.

Odds n' ends;

43 sold in 85718
23 sold in 85750 

the top 3 subdivisions where they sold this year;
1. Pima Canyon - 13 sales
2. Ventana Canyon - 9 sales
3. Skyline Country  Club - 6 sales
+ Honorable Mention to Cat 10 with 5 sales
So half of all the $million+ homes sold this year sold in those 4 subdivisions.

Old to New, year built for 66 sold;
 1 -- built 1938
 3 -- 1950's
 4 -- 1970's
 8 -- 1980's
18 -- 1990's
23 -- 2000 - 2009
  5 -- 2010 - 2019
  4 -- 2020

That's it for now

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

Take care, stay well.

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

in contract last week, 10/19 - 10/25/2020

From Monday October 19th thru Sunday October 25th - 17 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 11/30/2020)

10 were priced from $280,000 to $579,000
 6  from $689,000 to $859,900
 1 at $1,069,000

In recent weeks the contract numbers are down a tad from where they were, not drastically, but they are down. The question is, is this just a brief pause in the market or is the market slowing down, and if so why is it slowing. Is it because there are fewer buyers in the market or is it that there are not enough homes for sale for buyers to choose from.
Hmmm, I think it's the latter, here's why. 

134 single family homes for sale in the Catalina Foothills today
      v.
273 for sale at this time (late October) last year
293 for sale at this time in 2018
333 for sale at this time in 2017

Take care, stay well.

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

in contract last week, 10/12 - 10/18/2020

From Monday October 12th thru Sunday October 18th - 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 11/20/2020)

 7 were priced from $385,000 to $580,000
10 from $600,000 to $950,000
 1 at $1,350,000

the other day I mentioned that the reason the supply of homes is so low this year, is largely due to fewer homeowners listing their homes during this time (of covid-19). And it was not due to way more homes selling this year v. last year - and I showed the number of homes listed for sale this year v.  last year 
130 listed for sale in mid October 2020
272 listed for sale in mid October 2019

But (for some reason) I did not complete the picture by showing the number of homes sold this v. last year, so here it is;
735 homes sold this year (Jan 1 - October 18)
726 homes sold last year (Jan 1 - October 18)

And, incidentally, the small increase in sales this year is entirely due to more homes selling at $1.0mil & up -- 62 this year v. 49 last year, (Jan 1 -  October 18). 

Take care, stay well.

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

 

in contract the last 2 weeks, 9/28 - 10/11/2020

From Monday September 28th thru Sunday October 11th 45 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 11/13/2020)

23 were priced from $295,000 to $595,000
13  from $630,000 to $997,500
 9  from $1,090,000 to $2,250,000

A stellar couple a weeks for buyers and sellers at all price ranges.
This diverse group of 45 homes went to contract in just 9 median days on market. 
And 20 of them, priced from $328,000 to $2,000,000, went to contract in 0 to 4 days. 

On the flip side, homes that have been on the market for a while (let's say 90 days or more) are now finding buyers; 12 homes in this group were on for 90 days or more. And now they're gone too. 

The reason for the quick sales is simple supply and demand, the supply is low, largely due to fewer home owners wanting to list their homes during this time, while  the demand remains strong. So if you find the one you want you may have to move quickly, maybe very quickly. 

Currently, there are 130 single family homes for sale in the Catalina Foothills. That's it, 130..
In mid October 2019 there were 272 for sale
 "    "     "           2018  there were 287 for sale
 "    "     "           2017 there were  293 for sale

And the low number of listings is not because of way high sales this year, no. Sales this year are about the same as last year. It's due to too few homes  getting listed for sale this year.

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

Take care, stay well.

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

Catalina Foothills Home Sales Jan 1 - Sept 30, 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 September 30th 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 - the lions share of the Catalina Foothills market.
Sales are doing well this year, a few more sales one year and a few less the next, they've been bouncing around within a normal narrow range. 
But I believe, no, I have no doubt, that more homes would be selling this year if there were more homes for sale, more homes for buyers to choose from - the supply is very thin. How thin? 
Last year at this time there were 196 homes for sale priced from $1 to $999,999 - this year there are 73. 

 

Sales at $1,000,000 and UP are having a banner year, they're up more than 25% over last year and with more sales than any year since 2006. And they're going fast, 42 median days on market this year v. 72 in 2019 v. 144 in 2018. 

And record breaking fast sales this year for all Catalina Foothills single family homes sold - just 23 median DOM

Bingo! Sold prices this year are now, finally, higher than in 2006 - and up 14% over last year - that's huge. 

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

Take care, stay well.

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

in contract the last 2 weeks, 9/14 - 9/27/2020

From Monday September 14 thru Sunday September 27th 51 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires on 11/1/2020)  

30 were priced from $309,500 to $589,000
16  from $649,000 to $985,000
 5 from $1,095,000 to $1,750,000

30 of the them, priced from $309,500 to $1,750,000 went to contract in from 0 to 8 days on market. And overall, all 51 homes went to contract in 6 (six) median days on market. That's quick.

Is it any surprise that they're flying off the shelf?  No, not really, there are buyers out there and currently only 136 single family homes for sale to choose from in the Catalina Foothills. And with 51 going to contract in just 2 weeks that's 37% of the total # homes for sale under contract and off the market in just 2 weeks. Now of course the shelf is being restocked every day with new listings but the number of contracts v. # of new listings has for the last few months kept the number of homes for sale down at around 150 or less. 

Take care, stay well. 

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