Here’s a snapshot of Sales & Price trends for homes in 85718 – along with the greater Tucson metro - during the past 12 months, courtesy of Trulia.com.
I can’t vouch for the accuracy of the Tucson Metro data but, for 85718, Trulia’s portrayal of the foothills market is spot on.
And I can’t explain why sales and prices spiked so suddenly during the summer and then just as suddenly fell off. Perhaps it was a collective sigh of relief that the economy had pulled back from the brink of utter collapse, and then, once the giddiness had passed, a realization that there was still a very long and rough road to hoe.
In any case, here in the foothills this summer, which is usually a very slow time, there was a noticeable shift in peoples attitudes. Even clients of mine who’d bought homes in the spring expressed relief that they’d gotten in before things turned around. And of course listing agents and sellers were suddenly quite confident that the worst was behind us and all would soon be swell. And as a result of increasing sales and more positive attitudes, I advised clients of mine who had yet to buy -that while prices may or may not be going up, it was too early to tell - that I felt our bargaining power was weaker then than it had been a few months earlier. And for a very brief time it was.
Now, except for the low $$ end of the market, we appear to be closer in sales and prices to where we were during the depths of the collapse than to anything resembling a recovery.
But as we bottom out, now for the 2nd time, there are also signs that some sellers are finally ready to face the music. And if they do and price their homes as if - just under a million is the new $1,300,000 – then we’ll have a shot at bouncing off this bottom too.
see thefoothillsToday.com
to find your Tucson Foothills home
