I posted this piece in March and again in August of 2009. At that time, there were 593 homes for sale in March and 491 in August. And today, with inventory down to 411 homes for sale, and more buyers in the market - it’s more relevant now than ever. So with the figures updated to reflect current inventory, here it is again.
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Yes, sure, of course there are plenty of homes to choose from, are you kidding. With 593 491 411 single family homes for sale in the Foothills, we can’t miss.
Let's look at a hypothetical/typical buyer looking for a home in the Foothills with a price range of $800,000 to $950,000.
-at $800,000 to $950,000 there are 45 39, no, in May 2011 there are just 26 homes for sale, but that’s still more than plenty, right
-yes of course, you want 4 bedrooms & 3 baths - 37 28, that’s 20 homes
-3000 to 4000 sq ft - no prob, 24 19, lucky 13 for sale
-oh, you'd like about an acre, let's say .80 or more - 16 14, 7 gorgeous homes
-and in District 16 - OK, 10 8, 6 homes to choose from, Perfect!
-and you'd like to be in 85718 zip - down to 6, no, in May 2011 we’re down to 4
-single story, yes of course- that's 4, 6, oops - still 4 really great homes to choose from
-and a pool, but of course - OK let's go, with 4 homes to choose from we should be able to wrap this up in no time.
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The point is after putting in some very basic criteria there are 4 homes to choose from **link will expire on 6/22/2011** And we didn't even get into the style or the age of the home, whether it was in a gated or non-gated area, city or mountain views, and other preferences.
It happens every time. Once you start breaking down all the homes for sale in the Foothills, which run the gamut from under $200k to over $6 mil, you end up with too few, not too many, to choose from. Especially now, with inventory d-o-w-n.
see thefoothillsToday.com
to find your Foothills home
