Here’s a look at the number of single family homes currently in contract vs. those for sale in the Tucson Foothills.
There are 476 single family homes for sale and 82 homes currently in contract.
So about 17% of the number for sale are in contract. That’s overall.
Broken down by price range it looks a little different,
$0 to $599,999
263 for sale/63 in contract = 24% in contract
$600,000 to $999,999
117 for sale/15 in contract = 13% in contract
$1,000,000 to $1,499,999
48 for sale/3 in contract = 6% in contract
$1,500,000 to $1,999,999
21 for sale/1 in contract = 4.8% in contract
$2,000,000 & up
27 for sale/0 in contract = 0%
As we get into the fall/winter selling season and the action heats up, we hope, looking at what’s in contract, and at what price, is like taking the pulse of the market. Not that all contracts will result in a sale - they won’t, some will fall through - but, nevertheless, current contracts are an excellent indicator of where the $$$ is going and of buyers intentions. And it is a much more timely than looking at sales, most of which were generated 30 to 90 days ago and, as such, are definitely not the pulse of the market. And for comparison, check > the envelope please < the same analysis that I did two weeks ago.
see thefoothillsToday.com
to find your Foothills home
