The Catalina Foothills

in contract last week, 9/02 - 9/08/2019

From Monday September 2nd thru Sunday September 8th - 19 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/14/19)

12 were priced from $379,000 to $569,000
  6 from $625,000 to $849,000
  1 at $1,199,000

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

Single Family Home Sales and Sold Prices in the Catalina Foothills of Tucson, AZ

The following charts show the number single family homes sold and sold prices in the Catalina Foothills of Tucson, AZ during the first 8 months of each year from 2004 thru 2019.
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 the number of single family homes sold for up to $999,999 - with almost 94% of all the homes sold
in the foothills this price range is by far the bulk of the foothills market 

The market up to $999,999 is doing well.


And while the same can't be said for the market at $1,000,000 & UP, and so far this year sales are down, 
there has been some improvement in recent years from the dreadfully low lows of 2009 - 2015.
PS, sales at $1,000,000 & Up are just a tad over 6% of the foothills market. 

And median sold prices, which have risen slowly since hitting bottom in 2012 (at $387,000),
have been holding steady (at $495,000) since last year. 
Yet they are still 11% below where they were in 2006 - $560,000 then / $495,000 now. 

That's it, from where the market was to where it is today. 

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

in contract the last 2 weeks, 8/19 - 9/01/2019

From Monday August 19th thru Sunday September 1st - 32 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/4/2019)

23 were priced from $280,000 to $595,000
 8 from $620,000 to $999,900
 1 at $1,549,000

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

 

13 years later and we’re still not there yet

Overall, median sold prices in the Catalina Foothills market peaked in 2006 at $570,000 and bottomed out in 2012 at $380,000 - a 33% drop.  And now, thru July of 2019, median sold prices are at $495,000 - UP 30% from 2012, but still 13% below where they were 13 years ago. 

But the foothills market is large and varied and prices in individual subdivisions perform differently, often wildly different, from the overall market. See for yourself, I've pulled the numbers for a selection of popular  Foothills subdivisions; 

As shown below, the median sold prices are for January – July of each year. 
The +/- % reflects the drop in median sold prices from 2006 to 2012 and the change, up or down, from 2012 to 2019. (click any subdivision name to see all the homes currently for sale – continuously updated)

Shadow Hills 
2006 – $646,500 
2012 – $420,000 (-35%) 
2019 – $530,000 (+26%)

Catalina Foothills Estates 1 –9 
2006 - $665,000 
2012 - 529,250 (-20%) 
2019 - $630,000 (+19%)

Catalina Foothills Estates 10 
2006 - $1,092,500
2012 - $843,500 (-23%)
2019 - $956,250 (+13%)

Sin Vacas 
2006 - $895,000 
2012 - $675,000(- 24%) 
2019 - $727,500 (+8%)

Pima Canyon 
2006 -  $2,050,000 
2012 - $1,075,000 (- 47%) 
2019 - $1,250,883 (+16%)

Cobblestone 
2006 – 0 sales 
2012 - $1,004,965 (1 sale) 
2019 - $896,250 ( -11%)

La Paloma 
2006 - $625,000 
2012 - $400,000 (- 36%) 
2019 - $425,000 (+6%)

Hacienda del Sol Est 
2006 - $1,550,000  
2012 - $800,000 (- 48%) 
2019 - $850,000 (+6%) - 1 sale

Pinnacle Ridge 
2006 - $1,005,000  
2012 - $651,000 (- 35%) 
2019 - $710,000 (+ 9%)

Skyline CC Estates 
2006 - $1,082,500 
2012 - $641,000 (- 41%) 
2019 - $625,000 (-2.5%)

Skyline Bel Air 
2006 - $597,250 
2012 - $350,000 (- 41%) 
2019 - $548,868 (+57%)

Cimarron 
2006 - $745,000 
2012 - $478,000 (-36%) 
2019 - $567,000 (+18%)

Fairfield/Sunrise 
2006 - $543,750 
2012 - $335,000 (- 38%) 
2019 - $497,500 (+48%)

Ventana CC 
2006 - $1,036,250 
2012 - $425,000 (- 59%) 
2019 - $665,000 (+56%)

Sabino Mountain 
2006 - $914,250 
2012 - $268,400 (-70%) 
2018 - $403,750 (+ 50%)

Every subdivision took a hit – some bigger than others. And though prices in a few are getting pretty close to where they were in 2006, it's just a few that are. And while overall foothills median sold prices have improved fairly steadily over the last 5 or 6 years, sold prices in individual subdivisions are more erratic, particularly subdivisions with a wide range of home values (like Ventana or Skyline CC).

CLICK HERE to see median sold prices for the same subdivisions from Jan - July 2018. 

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

in contract the last 2 weeks, 8/5 - 8/18/2019

From Monday August 5th thru Sunday August 18th - 41 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(link expires 9/25/2019)

28 were priced from $251,000 to $599,000
10 were priced from $625,000 to $999,900
  3 from $1,220,000 to $1,400,000

41 contracts at the low, middle and upper-end of the market during 2 very hot and still very dry weeks in August - usually the slowest month of the year. 

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

last July v. this July

the following is a snapshot of the July market for single family homes in the Catalina Foothills of Tucson Arizona

Criteria	July 2018	July 2019
# of homes sold at all prices	57	89
median sold price	$525,000	$497,900
median $$/sf sold price	$188	$191
days on market	77	59
$$ value of homes sold	$35,558,250	$51,150,078
# of homes sold at $1,000,000 & UP	8	4
most popular price range	$300k to $399k - 12 homes sold	$300k to $399k - 26 homes sold
least popular price range	2 each at $700 to $799k & $800 to $899k	1 home sold at $0 to $299k

56% more homes sold this July than last July and they sold in 30% fewer days on the market but they sold for 5% less than they did last July , bearing a nearly 44% increase in $$ value of homes sold this July. And this July the market for home sales at $1,000,000 & UP is down a mighty 50% from last July. 

More telling and important than just one months data, the market so far this year (Jan thru July) is doing very nicely;
single family home sales are up 5% from last year - 541 v. 515 - and the median sold price, which was $495,000 last year, is holding steady at $495,000 this year. 

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

in contract last week, July 29th - August 4th 2019

From Monday July 29th thru Sunday August 4th - 19 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(link expires 9/11/2019)

16 were priced from $260,000 to $554,900
 3 from $660,000 to $945,000
  and that's it

A pretty typical HOT DRY summer week with a fair amount of activity in the Catalina Foothills single family home market. 

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

in contract last week, July 22nd - July 28th 2019

From Monday July 22nd thru Sunday July 28th - 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(link expires 8/31/2019)

8 were priced from $355,000 to $589,000
5 from $649,000 to $900,000
and that's it,

A very different week from the one before, this one more of a typical hot summer nothing spectacular kinda slow week. 

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

in contract last week, July 15th - July 21st 2019

From Monday July 15th thru Sunday July 21st - 24 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(link expires 8/28/2019)

11 were priced from $310,000 to $595,000
11 from $620,000 to $929,000
and 2 biggies at $1,975,000 & $2,500,000

A very big week for the middle of summer. Frankly, with that many contracts from $600k to $2.5m, that would be a very good week at any time of the year. 

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

10 Big Ones in Pima Canyon

So far this year there have been 32 sales at $1,000,000 & UP in the Catalina Foothills - that's 32 homes sold from $1,022,500 to $2,110,000 throughout the Catalina Foothills. 

And get this, 10 of them sold in Pima Canyon, 10.  And nowhere else was even close. 

The next closest is Ventana Country Club  with 5 sales at $1,000,000 & UP
then Catalina Foothills Estates #10 - with 3 sales 
then Catalina Foothills Estates - 2 sales
along with Sin Vacas - 2 sales
and 2 sales in unsubdivided areas of the foothills
and then a bunch of subdivisions with 1 sale each at $1,000,000+  - Alta Vista, Catalina Ridge Estates (aka Cobblestone), La Paloma, Catalina Foothills Est #2, Pontatoc Uplands, Skyline Country Club Estates, Ventana Overlook, Village on Hacienda del Sol. 

 that's it, 32 sales at $1,000,000 & UP, with 10 big ones in Pima Canyon 

And while Pima Canyon doesn't always come out on top, more often than not it does. 
Why? Short answer - more newer upper-end homes than other Foothills communities. 

If you want to read more about the real estate market in Pima Canyon over the last 10 years or so, just enter Pima Canyon in the search box to the right and you will get a slew of my past blog posts.  

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