Starting in the 1930’s with the homes built by Joesler and Murphey, homes in the foothills range from 70+ years old to brand new. And I thought it would be interesting to see the relationship between the age of homes in the Foothills and their selling prices. (an appraiser is doing a class in a few weeks on just this topic, should be interesting)
This is a broad look at age and price that does not account for the condition of the homes, updating, renovation, or lack of, or the particulars of one location vs another within the Foothills. But it is based on sales for the last 2 years so, except for the oldest homes 1930 –1959, there is ample data to draw from and smooth out some of the bumps.
The chart shows average selling prices of each age group for homes sold in the last 2 years in the Tucson Foothills.
It’s no surprise that the newest homes are selling at the highest prices, they’re the biggest and have the requisite high-end amenities, but it’s interesting to see the oldest homes come in in second place, ahead of homes built in the 1980’s and 90’s.
Even more curious, if I cut the oldest category back just three years, to 1930 – 1956, when Joesler was building in the Foothills, the average selling price jumps to $715,533.
$$/sf prices follow a somewhat similar pattern.
| Year | 1930- 59 | 1960-69 | 1970-79 | 1980-89 | 1990-99 | 2000-09 |
| $$/sf | $193 | $172 | $177 | $193 | $203 | $235 |
| #SOLD | 28 | 72 | 207 | 246 | 269 | 215 |
And again, cutting the oldest category back to 1930-1956, $$/sf jumps to $215. The Joesler effect.
see thefoothillsToday.com
to find your Tucson Foothills home
