and more fun with numbers too
A reader wrote in;
' Just out of curiosity I looked at listing quartiles.
Interestingly enough, about 25% of the listings are $460k or less which was higher than I thought. The next 25% are in the 461-645k range (lot of houses for sale in a relatively narrow price range), the next 25% takes you up to just under $1.0 mil. Then we have about 25% about $1.0 mil and up. So the middle market is roughly $$460-$999k. That corresponds pretty closely to the "traditional" breaks of 0-$500k, $500k-$1.0 mil, and over $1.0 mil as low, middle, and upper.
Not surprisingly, given the median sale price you reported, the majority of selling prices have been below $460K.'
OK, let's take that a step further and look at those listing quartiles, and see how many homes are for sale and how many have sold in each quartile during the last 60 days. Here's what we find;
0 - $460k = 135 for sale/ 34 sold
$461k - $645k = 138 for sale/ 14 sold
$646k - 999k = 145 for sale/ 16 sold
$1.0 - Up = 147 for sale/ 4 sold
So each quartile represents about 25% of the listed homes, yet-
50% of those sales were at $460k or below
20% between $461k - $645k
23% between $646k - $999k
and just under 6% at $1.0 & up
see my web site thefoothillsToday.com
to search for and learn more about Tucson Foothills Homes
