Back in February, in a post titled sellers are more flexible than ever. what does that mean? I talked about why it's important to know the
% of Sale Price/List Price (92.44% at the time) for the area, or price range of the home that your are buying.
Despite being a pretty dry topic, some readers have expressed an interest in a more current and comprehensive look at the data for % sale price/list price.
So here goes,
From January 1 through April 15, 145 homes sold in the Tucson Foothills, for an average of 94.22% sale price/list price, an increase of almost 2% since February.
Here's how % sale price/list price breaks down by price range for those 145 sold homes.
$0 - $500,000 = 95.08%
(62 sold, 7@ 100%, 4@ 101%+, low 77%)
$500,000 - $1,000,000 = 95.60%
(66 sold, 6@ 100%, 1@ 101%, 1@ 104%, 1@ 106%, low 77%))
$1,000,000 - $1,500,000 = 90.96
(7 sold, 1@ 100%, low 76%)
$1,500,000 - $2,000,000 = 92.38%
(4 sold, high 97%, low 89%)
$2,000,000 - $3,000,000 = 92.63%
(5 sold, 2@ 100%, low 89%)
$3,000,000 & Up = 88.57%
(1 sold)
The variation in %'s between the different price ranges is no big surprise, but who'd a thought that homes are selling at, or above list price in this environment. (please note, in all cases the % sale price/list price is based on the most recent list price. So if a home was listed at $750,000, then reduced to $699,000 and sold for $670,000, the % is based on the $699,000 list price. That's how the MLS computes it)
see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes
