There's a big difference in the list price of the homes that have recently gone under contract (Active Contingent & Active Capa)
& Sold, vs those that have been Withdrawn, Expired, or are still
For Sale.
Presumably, the under contract and Sold homes are those that buyers have found to be desirable and priced right in this market.
While the Withdrawn, Expired and still Active listings are those that have yet to find a willing and able buyer, for one reason or another. The following data represents activity for just the last 14 days,
so it's a small sample for sure, but it's all about what's moving right now, and what's not.
what's moving
Status/# of homes Average list Median list
Active Contingent 14 $524,886 - $370,000
Active Capa 3 $439,933 - $400,000
Sold 17 $529,276 - $495,000
The total average $498,031 $421,666
what's not
Withdrawn Release 17 $886,971 - $629,000
Expired 12 $926,333 - $722,000
Active 592 $898,717 - $650,000
The total average $904,007 - $667,000
So based on average list prices, what's moving is priced about 45% less than what's not. 37% if you're looking at median prices.
see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes
