The Catalina Foothills

Catalina Foothills Single Family Home Sales January thru August 2021

Hi,
The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru August 31st of each year from 2015 to this year, 2021.

All of the data is based on sales thru the MLSSAZ (Multiple Listing Service of Southern Arizona) and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which represents nearly 80% of all the homes sold in the Catalina Foothills single family home market. A market that has been solid and fairly stable in recent years. I attribute the slight decline in sales this year to an all-time low supply  of homes for sale, a predicament that began in the spring of 2020 and has worsened this year. Though, for the last few weeks the supply of homes for sale has inched up. 


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Yet sales of homes at $1,000,000+ are way up and selling more quickly than ever before.
More homes sold for $1,000,000+ during this Jan - August than did in the same period of 2018 + 2019 + 2020 combined.

Why this year after so many years of pretty-poor sales. My experience in the last few months of 2020 and so far this year is that many affluent people are moving to the Catalina Foothills from more congested cities to steer clear of covid-19. 

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High demand and low supply have contributed to sharply rising home prices at nearly all price ranges.
The current median sold price is $690,000, that's up 24% over last year at this time and up 39% over where it was at this time in 2019. 

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And while the DOM has also inched up in the last few weeks, the YTD numbers, Jan 1 thru August 31, are still holding at  5 median DOM. 

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I hope the market info is helpful for you. If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.
Thanks for stopping by

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

Take care, stay well

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

in contract last week, August 30 - September 5, 2021

From Monday August 30 thru Sunday September 5  - 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/13/21)

3 were priced from $499,000 to $595,000
11 from $600,000 to $850,000
 4 from $1,075,000 to $1,250,000

18 contracts is in keeping with the slower pace we've seen in recent weeks, noticeably fewer contracts than earlier this summer. Meanwhile, DOM is now up to 16 days on market, when for most of the summer we were seeing 5 or 6 DOM. So the market has slowed somewhat. Though another and perhaps more accurate way to put it would be to say it is not moving quite as fast. 

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

in contract last week, August 23 thru August 29, 2021

From Monday August 23 thru Sunday August 29 - 16 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/04/2021)

 3 were priced from $370,000 to $465,000
12 from $618,500 to $980,000
 1 at $1,649,000

The market, particularly at $1.0mil+, appears to have slowed a bit in the last few months - fewer contracts, fewer sales and a modest increase in the number of homes for sale. Traditionally, the Catalina Foothills residential market does slow down in the summer (when it's hot as hell). But since last summer, when the market actually picked up rather than slow down, we've grown so accustomed to our red hot market that a very normal seasonal slowdown may appear to be more than it is. 

That said, there is no way of knowing whether this is the normal slowdown that happens (almost) every summer or the cooling, for other reasons, of our red hot market. By the way, even though the market has slowed or cooled a tiny bit, at most price points it still meets every description of a red hot sellers market. 

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

Catalina Foothills listed & sold prices

here we go,
listed and sold prices for the 21 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from August 12 - August 25, 2021 thru the Tucson Association of Realtors® MLSSAZ (Multiple Listing Service of Southern Arizona)

List Price	Sold Price
$402,000	$402,618
$390,000	$405,000
$465,000	$470,000
$500,000	$481,000
$499,000	$499,000
$540,000	$530,000
$549,000	$559,000
$625,000	$621,500
$649,900	$635,000
$700,000	$700,000
$725,000	$712,000
$775,000	$740,000
$749,900	$808,000
$795,000	$830,000
$795,000	$845,000
$900,000	$900,000
$799,000	$960,000
$1,000,000	$1,000,000
$1,100,000	$1,100,000
$1,075,000	$1,250,000
$1,350,000	$1,350,000

So, still frothy, with 15 out of the 21 sales sold for list price or higher, including a couple a doozies - listed $749,900 went for $808,00 and listed $799,000 went for $960,000. Overall, 21 homes sold in 4 median days on market at $712,000 median sold price. 

However, in the previous 2 week period in July that I reported HERE there were 44 sales v. 21 in the current 2 week period. Summer slowdown or frothy market losing a bit of froth, or both?

Click HERE to see the 21 homes sold 8/12 - 8/25/2021
(link expires 9/25/21)

Take care. stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

in contract the last 2 weeks, August 9 thru August 22, 2021

From Monday August 9th thru Sunday August 22nd - 35 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 9/23/2021)

13 were priced from $450,000 to $599,900
16 from $619,900 to $975,000
 6 from $1,075,000 to $1,749,000

A pretty good haul for the middle of August, traditionally a very slow month.

Take care, stay well

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

 

homes for sale in 85718

Once again in a recent email I received from Zillow they claim there are 183 homes for sale in 85718, one of the two zip codes that comprise the Catalina Foothills. I say once again because a few months ago (on April 30th) I received an email from Zillow that made the same exact claim - 183 homes for sale in 85718.

I said it then and I'll say it now, it just isn't so. There are not nearly 183 homes for sale in 85718. Nope

In fact today there are 63 single family homes for sale in 85718, through the Tucson Multiple Listing Service. If we include townhomes at 11, condos at 5 , mobile homes at 0 & manufactured homes at 0 the total comes to 79 homes for sale in 85718. That's it. Perhaps there are a few homes for sale by owner, probably. Though I haven't come across any FSBO's in 85718. 

Like I asked in April, 'hey Zillow, you're up to bat, where are those 183 homes for sale in 85718, where are they hiding' 
We'd love to have them, we sure could use another 100 homes for sale in the Catalina Foothills. 

And isn't it a bit uncanny that Zillow claimed there were 183 for sale in April and 183 now, in August? 

The following graphic is a screen shot of the email I received from Zillow. 

 

Take care, stay well

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

in contract the last 2 weeks, July 26 thru August 8, 2021

From Monday July 26th thru Sunday August 8th - just  27 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 9/14/2021)

10 were priced from $385,000 to $560,000
11 from $600,000 to $985,000
 6 from $1,075,000 to $1,449,950

the somewhat slower pace of contracts that we've seen lately continues.. though hardly at all for homes priced at $1mil+

With fewer homes  going to contract there are now a few more homes listed for sale, now 99 single family homes for sale in the Catalina Foothills - more than there have been all year. Up til now the number of homes for sale ranged from the high 60's to the low 80's.

Take care, stay well

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

Catalina Foothills Home Sales Data January thru July 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru July 31st of each year from 2015 to this year, 2021.

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents about 80% of the Catalina Foothills single family home market, A market that has been solid and fairly stable in recent years. I attribute the slight decline in sales to an all-time low supply  of homes for sale, a predicament that began in spring of 2020 and has worsened this year.

yet sales at $1,000,000 & UP  are WAY UP.
At least part of the reason why more homes are selling at $1,000,000 & UP is that for so many years sales were so slow and so low and supply was so high, many homes that were listed did not sell, and now with much stronger demand many of those owners are listing their homes again. And selling them for prices they couldn't get back then..
Click HERE and scroll down to see how the $1,000,000+ market was doing from its high in 2006 to its low in 2015. 

Sold prices are up 40% from 2019 and 26% from 2020

And who knew that buyers and sellers could agree and make deals so quickly

 

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

Take care, stay well

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

Catalina Foothills listed & sold prices

here we go,
listed and sold prices for the 44 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from July 19 - July 30, 2021 thru the Tucson Association of Realtors® MLS

List Price	Sold Price
$359,000	$350,000
$381,000	$405,000
$425,000	$440,000
$450,000	$441,000
$450,000	$450,000
$457,000	$460,000
$560,000	$500,000
$499,000	$500,000
$479,900	$508,220
$535,000	$520,000
$525,000	$525,000
$539,900	$538,000
$590,000	$591,375
$599,000	$600,000
$649,900	$629,519.01
$590,000	$635,000
$635,000	$635,000
$525,000	$635,800
$595,000	$646,000
$650,000	$675,000
$679,000	$680,000
$699,000	$715,000
$729,000	$729,000
$775,000	$750,000
$670,000	$750,000
$799,900	$760,000
$749,000	$780,000
$850,000	$850,000
$865,000	$850,000
$875,000	$875,000
$925,000	$925,000
$875,000	$950,000
$1,100,000	$1,050,000
$949,900	$1,060,000
$1,000,000	$1,100,000
$1,165,000	$1,165,000
$1,150,000	$1,170,000
$1,225,000	$1,170,000
$1,249,950	$1,200,000
$1,175,000	$1,200,000
$1,425,000	$1,495,000
$1,682,999	$1,550,000
$1,595,000	$1,590,000
$2,575,000	$2,500,000

Still a pretty frothy market with a great many homes selling for list price or more and doing so in just 6 median days on market with a median sold price of $722,000, higher than it's ever been. (Jan - June median sold price was $685,000)

Most of these sales are the result of deals that were made in the previous 20 to 45 days or so, from the beginning of June thru the middle of July. A period that, in normal times, is our slower summer season. But there was no slowdown last summer and so far not much of a slowdown this summer either. 

Click HERE to see the 44 homes sold
(link expires 9/02/2021)

and HERE to view the previous list & sold report

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

in contract last week, July 19 - July 25, 2021

From Monday July 19th thru Sunday July 25th - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/27/2021)

11 were priced from $390,000 to $599,000
 7 from $625,000 to $850,000
 2 at $1,075,000 & $1,100,000

A slight uptick in contracts last week,

Take care, Stay well

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