The collapse of the economy in September 08 dealt a deadly blow to luxury home sales in the Tucson Foothills and everywhere else. And none more so than Pima Canyon.
In Feb 09 there were 26 homes for sale, a measly 2 had sold in the previous 6 months, and there was not a single home in contract – leading to an extremely gloomy 78 month supply.
In June of 2010 there were 20 homes for sale and 6 sold in the previous 6 months, which worked out to a much better, but still bloated, 18 month supply of homes.
Last year at about this time there was a 1 year supply of homes in PC.
And though it seems incredible, today it’s down to a 6 month supply.
There are 10 homes for sale, 4 in contract and 11 sold in the past 6 months.
Place your bets.
see thefoothillsToday.com
to find your Foothills home
