Summer is here and with it the home buying season in the Tucson Foothills comes to an end. That’s unofficially, of course. We’re still open for business and you can still buy or sell a home during the summer, and some people actually do, but things do wind down.
So it’s a good time to take stock, and check out some of our favorite foothills communities, and see what did sell during the season and what’s still sitting on the shelf. We’ll look at sales from Jan 1 thru June 15, along with the homes that are still for sale.
Ventana CC
14 sold - $360,000 to $2,200,000
Avg sold $872,286/median $623,500 @ $263/sf
4 sold @ $1.0+ including $1.7 & $2.2.
28 for sale - $279,000 to $2,595,000
which = a fat 11 month supply at the Jan to June sales rate
avg list $1,126,332/median $997,000 @ $294/sf
Sabino Mountain
11 sold - $289,900 to $900,0000
Avg sold $451,036/median $400,000 @ $165/sf
0 sold @ $1.0+
10 for sale - $334,900 to $1,695,000
a nice normal 5 month supply, but during the season nothing sold at $1.0 and there are 4 for sale well above that.
Avg list $817,290/median $764,500 @ $237/sf
And btw, technically, Sabino Mountain is not in the Foothills – it’s not in the North as defined by the MLS. It is in the Northeast. And if you look at Sabino Mountain listings, half are listed as being in the North and the other half in the Northeast. And enough people, non-agent people, think of Sab Mtn as being in the foothills, and I do too, so there it is in a foothills home report.
Cimarron Foothills Estates
5 sold - $322,500 to $1,250,000
Avg sold $684,500/median $625,000 @ $204/sf
4 sold from $322 to $640, then 1 @ $1.250. And when it went to contract I said, ‘… someone wanted Cimarron’. Why? Because, in Cimarron, nice of a place as it is, million $$ home sales are about as frequent as snow storms in July. The next highest sale in this group was $640,000 – the norm for Cimarron.
8 for sale - $422,000 to $829,500
that’s about a 9 month supply of homes at the Jan – June rate
Avg list $583,562/median $551,998 @ $195/sf
Alta Vista
4 sold - $450,000 to $860,000
Avg sold $695,375/median $735,750 @ $195/sf
That is slow and cheap for Alta Vista, so slow and so cheap that I question whether it’s accurate. But I’ve run it 3x, with the same result.
Yikes!
17 for sale - $510,000 to $2,100,000
= almost a 2 year supply
avg list $1,017,706/median $989,000 @ $258/sf
During the same period last year there were also just 4 sales in Alta Vista. But that was last year, 09. Oh well.
Skyline CC
4 sold - $500,000 to $1,395,000
Avg sold $$941,250/median $935,000 @ $219/sf
12 for sale – 4475,000 to $3,450,000
= a 16 month supply
avg list $1,308,075/median $1,040,450 @ $265/sf
Coronado Foothills Estates
7 sold - $325,000 to $1,100,000
Avg sold $510,714/median $385,000 @ $172/sf
* 6 sold for $550 or less, + 1 at $1.1.
9 for sale from $339,900 to $899,999
about a 7 month supply, which is dangerously close to normal
avg list $608,967/median $630,000 @ $194/sf
La Paloma
21 sold - $255,000 to $1,100,000
Avg sold $459,944/median $400,000 @ $194/sf
21 sales is nothing to sneeze at, but 15 of them sold for under $500k, then 5 from $560 to $700, & 1 at $1.1. And the one at $1.1, was a big time, super-duper deal.
31 remain for sale from $319,000 to $2,495,000
so just an 8 month supply of homes - not too bad these days. But with a pretty good price spread between these and those that have sold. And 5 listed from $999,999 to $2,495,000.
avg list $711,639/median $596,000 @ $239/sf
That seems like enough to digest for now. So let’s call this part I.
And stay tuned for Part II in a day or so. Thank you.
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