There may be a few more sales that dribble in over the next few days but, if so I’ll update, here’s a look at how home sales are doing this Jan – Apr in the Foothills vs. years past
Year | # Sold | Avg Sold $ | Med Sold $ | Avg$/SF |
2009 | 141 | $515,400 | $425,000 | $182 |
2008 | 189 | $664,040 | $533,175 | $223 |
2007 | 212 | $685,199 | $540,000 | $239 |
2006 | 263 | $777,208 | $611,000 | $251 |
2005 | 344 | $591,613 | $488,000 | $198 |
2004 | 293 | $509,276 | $395,000 | $171 |
So we’re now closer to 04 prices, but with sharply dwindling sales, than to any other year.
Obviously many sellers are having a hard time coming to terms with the reality of today’s prices, yet most buyers are not and, as evidenced by the lack of sales, are holding the line.
And as for the current climate, if you’re a seller, time does not appear to be on your side.
here’s a look at how things have shaped up as the year has progressed-
Jan – avg sold-$524, median-$399
Feb – avg sold-$539, median-$485
Mar – avg sold-$521, median-$425
Apr – avg sold-$476, med sold-$400
It is what it is, ignore it, and you may wish you hadn’t.
see thefoothillsToday.com
to search for Tucson Foothills Homes