The Catalina Foothills

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

the very stable Catalina Foothills single family home market

With one exception, the Catalina Foothills single family home market has been very stable for the last few years - with none of the wild gyrations in sales and sold prices that we've experienced in the past. 

The one exception was a pretty big jump (not huge) in median sold prices from $452,000 in 2017 to $495,000 in 2018. An almost 10% increase in one year. But that was it, the market put the brakes on prices and so far this year (2019) median sold prices remain at $495,000. 

Jan 1 - July 20th 2017
509 single family homes sold
476 sold up to $999,999
 33 sold at $1,000,000 or more
Overall median sold price = $452,000

Jan 1 - July 20th 2018
486 single family homes sold
450 sold up to $999,999
36 sold at $1,000,000 or more
Overall median sold price = $495,000

Jan 1 - July 20th 2019
498 single family homes sold
466 sold up to $999,999
32 sold at $1,000,000 or more
Overall median sold price = (still) $495,000

For most buyers a stable market is an attractive market because there's less concern that they will be left holding the bag when sales suddenly tank and prices go along with them. (like they did in 2009 when prices dropped almost 22% in one year) Likewise, in a stable market sellers are more confident that by selling now they are not missing an imminent golden opportunity to make a bundle when prices suddenly go thru the roof next .......

That said, stable markets are also boring markets with none of the wild swings, drama and theatrics of more unpredictable times. More to the point than the theatrics are the opportunities and occasional screaming deals that pop up during unpredictable times. Though for every screaming deal that's made there's usually someone else on the other end who's losing their shirt. In real estate, I'll take stable, boring. 

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

in contract last week, July 8th - July 14th, 2019

From Monday July 8th thru Sunday July 14th - 24 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(link expires 8/16/2019)

17 homes were priced from $259,900 to $559,950
 4 from $689,987 to $895,000 
 3 from $1,249,000 to $2,750,000, 

WOW! another impressive week of real estate action here in the Catalina Foothills - with the lower end still (eternally) on fire while homes listed from $600,000+ into the $$millions are shrugging off the usual summer doldrums.

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

in contract last week, July 1 - July 7, 2019

From Monday July 1st thru Sunday July 7th - 19 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 8/11/2019)

13 were priced from $305,000 to $595,000
  4 from $618,000 to $695,000 
  2 at $1,000,000 and $1,675,000

Still a very decent market for the dead of summer. 

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

in contract the last 2 weeks, June 17th - June 30th 2019

From Monday June 17th thru Sunday June 30th - 39  single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 8/1/2019)

28 were priced from $258,000 to $579,500
 7 from $650,000 to $995,000
 4 from $1,179,950 to $1,675,000

The dead of summer and we're still seeing a robust market here in the Catalina Foothills, even at the high-end.  
And a special WOW! for Pima Canyon, leading the way for high-end home sales with 12 homes sold so far this year and another 5 currently in contract.

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

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

The following charts show the number single family homes sold and sold prices in the Catalina Foothills 
during the first 6 months of each year from 2004 thru 2019.
The 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 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 - by far the bulk of the market. 
A few less sold this year than last year and even fewer than the year before but we're talking very small numbers - 11 fewer than
last year and 20 fewer than 2017.  And there's good news - sales have improved since the 1st Qtr - when sales were down 
more than twice as much as they are now. 

Meanwhile, though they have improved somewhat in the last few years, sales at $1,000,000 & UP more or less continue at the tepid pace they have maintained for the last 10 years.
At this rate home sales at $1,000,000+ command a meager 6.5% share of the single family home market in the Catalina Foothills.

Median Sold prices actually rose, but by just a hair, ($500 bucks) from the same period last year.
And we are still 13% below 2006 sold prices - $569,500 then / $495,000 now. 


That's it, all good, not great, we're not killing it but the market is solidly hanging in there. 

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