The Catalina Foothills

January - June Catalina Foothills Single Family Home Sales Numbers

The following charts track the number of single family homes sold and median sold prices in the Catalina Foothills of Tucson, AZ for the period of January 1st thru June 30th of each year from 2005 to this year, 2020. 

The home sales and sold price numbers 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 sales up to $999,999, which represents the lion's share, about 93%, of the Catalina Foothills Single Family Home Market.
We're not breaking any records this year, not for home sales anyway. But, hey, considering the situation here on the ground I think sales have done exceedingly well - because, come hell or high water, people want to be here..

Sales at $1,000,000, well, they're holding their own, even if 'their own' is somewhat less than it used to be.  

The star of the show is sold prices.
After years of a long, slow climb topped off by a nearly a 13% jump this year (of all years) sold prices are finally within 2% of where they were in 2006.


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

Take care, stay well, and have Happy 4th. 

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

June sales slip as sold prices rise

Here's a look at key sales numbers for single family homes sold in the Catalina Foothills Tucson, AZ, this June 2020 v. last June 2019.  June 2020, the most troubling and tumultuous June in memory ....

	June 2019	June 2020	+/- v. 2019
# of Homes Sold	100	73	-27%
Median Sold Price	$508,500	$580,000	+14%
Median DOM	34	22	-35%

 

 

 

 

 

 

 

Even with all the tough stuff that occurred in June the sold numbers are still OK.
But keep in mind that most of the homes that sold in June are trading on deals that were made in May or April. And while the median sold price looks awfully nice - wow! way up there, even higher (by $20k) than it was in June 2006, our tiptop peak year for sold prices - it's just one month (30 days), not bad but not long enough to reset the bar on sold prices. Though, they are up this year...

And if I can pull it together today I will gather the YTD sales numbers and post them along with the usual charts, etc., hopefully? by end of the day today. Ha!

Take care, stay well.

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

 

in contract last week, June 15th - June 21st, 2020

From Monday June 15th thru Sunday June 21st - 19 single family homes went to contract in the Catalina Foothills of Tucson, AZ  
(link expires 7/27/20)

10 were priced from $295,000 to $495,000
 7 from $615,000 to $925,000
 2 at $1,300,000 & $1,750,000

that's 19 contracts in the middle of June and with everything that's going on, and 7 of them were new listings that went to contract in 7 days or less.

And listings are at an all-time low, with just 185 homes listed for sale today - last year at this time there were 275 homes listed.  Strong demand, low supply ....

Take care, stay well

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

Thru June 21st Single family home sales in the Catalina Foothills are down 8% from last year. 

Not terrible, considering .... though as recently as mid May sales this year were up over last year - not hugely, but they were up.

And with the large number of contracts in May  it looked like, and I was anticipating, that June sales would be higher - though we still have 9 days to go so maybe a lot of those May contracts are closing in late June, or early July. We'll soon see. 

Take care, stay well

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

in contract last week, June 8th - June 14th, 2020

From Monday June 8th thru Sunday June 14th - 22 single family homes went to contract in the Catalina Foothills of Tucson, AZ  
(link expires 7/18/2020)

10 were priced from $300,000 to $550,000
11 were priced from $675,000 to $949,000
 1 at $2,795,000

Another week of very strong contract activity for Catalina Foothills homes. And because it's June (which normally is not a blockbuster month for contracts) and with all that's going on in the world, in Arizona and in our own backyards, the market continues to exceed my expectations and that of a number of others.  

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

in contract last week, June 1st - June 7th, 2020

From Monday June 1st thru Sunday June 7th - 23 single family homes went to contract in the Catalina Foothills of Tucson, AZ  
(link expires 7/13/2020)

11 were priced from $310,000 to $599,000
11  from $600,000 to $899,000
  1 at $1,400,765

Like the week before, 11 of the homes that went to contract last week - priced from $310,000 to $1,400,765 - were brand new listings that were listed last week, and on the market just 1 to 6 days before going to contract. 

It was also the week the fire started in the Catalina's, on Friday June 5. I was up there this morning and, at least on this side of the Catalina's, it looks like the fire is completely out. And there were no signs of fire personnel or equipment. A big thank you to everyone who contributed to getting it done. 

Take care, stay well.

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

Catalina Foothills Homes Sales and Sold Prices January - May / 2005 - 2020

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

The home sales and sold price numbers 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)

As I have mentioned before, this year started off with a Bang, with many homes going to contract, that is, until mid-March thru April, when everything changed and contract activity dried up and shrank. And with fewer contracts from March and April we end up with fewer sales in May. Yet, while sales were down in May contract activity perked up and steadily increased and will be reflected in  higher sales for June. 
Bottom line, sales this year (322 sold) are down a tad from same period 2019 (331 sold) and 2018 (342 sold) and 2017 (352 sold).
So, even with all that's been going on, home sales in the Catalina Foothills held up pretty OK

Have a look;  
First up is sales up to $999,999, which represents about 93% of the Catalina Foothills Single Family Home Market.

 

And the $$million+ market, hanging in there, but, after all these years, still no big gains.Though, by now, I should probably realize and accept that this is it, the not-so-new-normal for this market. 

And, most unexpected, median sold prices shot up and are now, finally, within
$20k (96.5%) of their all time high in 2006.

Take care, stay well.

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

 

in contract last week, 5/25 - 5/31/2020

We have very quickly moved from a market that was sputtering from slow to slower to one where homes are now flying off the shelf.

Of the 27 homes listed for sale last week, 13 of them, priced from $244,500 to $1,125,000,  went to contract before the week was out - actually, all 13 went to contract in 3 days or less. 

In addition to the 13 new listings that went to contract, another 13 homes that were already on the market also went to contract last week. Median days on market for all 26 contracts was very quick 16 DOM. 
So 26  homes to contract last week in the Catalina Foothills of Tucson, AZ
(link expires 7/4/2020)

15 were priced from $244,500 to $595,000
 9 from $640,000 to $895,000
 2 at $1,125,00 & $1,500,000

Check out the Market Snapshot figures, with varying degrees of low MOI (months of inventory) it is apparent that up to about $1,250,000 we are deep into a sellers market. And even at $1.5  and up the inventory is leaner and the resultant MOI is lower than I can ever recall. 

 

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

it looks like a turnaround for Catalina Foothills home sales

We started off the year with a BANG, right off the bat a lot of homes went to contract in January - a month when buyers usually take their time looking around, kicking a few tires and trying to get a feel for what's what. But not this January, this January they jumped right in.

And then, uncharacteristically, the numbers started to slip in February, rather than go up. And that pattern continued, down, down until May, when suddenly the contract numbers shot way up. So far up that there are the same number of contracts in May as there are from March and April combined. 

A pretty quick turnaround. Let's hope it lasts.

 

Take care, stay well.

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

 

in contract last week, 5/18 - 5/24/2020

From Monday May 18th thru Sunday May 24th - 26 single family homes went to contract in the Catalina Foothills of Tucson, AZ  
(link expires 6/26/2020)

17 were priced from $195,000 to $575,000
 7 from $639,900 to $969,900
 2 at $1,095,000 & $1,345,000

This is now the 4th week in a row that our Catalina Foothills single family home market has risen from the depths it sunk to in late March into April.

For 3 weeks in a row in late March/April the number of contracts sunk to 11 contracts/week. And then for the following  3 weeks contracts jumped to 19 to 21 contracts/week. And now, last week, we're up to 26 contracts. Which puts the market in normal activity range for this time of year. Fingers crossed.

Take care, stay well.

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