The other day we looked at the upper-end of the real estate market in the Tucson Foothills. And it was for the most part a sobering report, the upper-end in the Tucson Foothills
Hoping for more cheerful results, let’s now drop down a notch and look at the same data - the number of homes currently for sale and the number sold in the last 6 months, along with average list and sold prices – but in some of the more moderately priced communities and subdivisions in the Tucson Foothills.
Fairfield (the community)
20 for sale/average list = $467,854
5 sold/average sold = $405,220
*although they’re selling for an average of 96.8% of list price in Fairfield (albeit, that’s after
price reductions) there are relatively few selling compared with the number for sale.
At this rate - with just 5 homes selling/6 month period- Fairfield is stocked with a
2 year supply of homes.
Bonita Ridge
4 for sale/average list = $499,250
1 sold/average sold = $515,000
*once again, going strictly by recent sales numbers, and what else is there to go by, there’s a two year supply of homes in Bonita Ridge.
The Shadows at Sabino
4 for sale/average list = $419,975
0 sold
Ventana Del Rio
2 for sale/average list = $521,450
0 sold
Solace at Sabino
3 for sale/average list = $266,000
1 sold/average sold = $297,000
*not terribly encouraging
Cimarron
14 for sale/average list = $595,621
5 sold/average sold = $495,800
*about an 18 month supply of homes for Cimarron.
Skyline Belair Estates
10 for sale/average list = $505,980
9 sold/average sold = $420,556
*that’s more like it, approximately a 6 month supply of homes.
Foothills Clusters
8 for sale/average list = $351,211
6 sold/average sold = $290,642
*not bad, about an 8 month supply
Villages 1,2,4 & 5 at La Paloma + Paloma Ridge
6 for sale/average list = $587,633
2 sold/average sold = $540,000
La Paloma, La Paloma Ridge Est, Las Palomitas
6 for sale/average list = $543,317
4 sold/average sold = $440,750
*these are the very desirable little subdivisions on the north side of La Paloma, some of which often edge into the million$$ range, but do not right now – at present a 9 month supply of homes - these and the villages, listed above, are, historically, prime 2nd home/retirement home targets of winter visitors. We’ll see.
Shadow Hills
14 for sale/average list = $547,807
11 sold/average sold = $496,818
*an excellent showing for Shadow Hills, about a 7.5 month supply of homes and they’re selling for an average of 95.6% of list price.
I’m not sure that it’s strictly a geographic thing, but it sure looks as if homes in subdivisions located west of Craycroft are selling a lot better than those located east of Craycroft. Could it be that simple.
see thefoothillsToday.com
to find your Foothills home