Here’s a look at how we’re doing so far this year compared to the same period in years past.
Jan 1 thru March 3
# of homes sold/average sold/median sold/$/sf
# sold @ $1.0 & up
2010
74/$560,783/$449,500/$183/sf
7 @$1.0 & up
2009
66/$524,832/$450,050/$184/sf
8 @$1.0 & up
2008
75/$733,558/$530,000/$227/sf
12 @$1.0 & up
2007
82/$636,310/$515,000/$233/sf
9 @$1.0 & up
2006
121/$686,471/$535,900/$238/sf
20 @$1.0 & up
So in some ways we’ve got last year beat, just barely, but that’s about it. And we have 489 homes for sale in the Tucson Foothills, of which, 118 are at $1.0 & up.
At the current rate of sales we’re looking at about 13.5 months of inventory for the overall Foothills market and just under 34 months for the mil+ market. Plenty of supply.
But, if it’s slow now, in 3 –4 months it’ll be summer. Then what.
