64 sold from $165,000 to $595,000 (163 remain for sale = a squeaky tight 2.5 month supply)
10 from $600,000 to $950,000 (66 remain for sale = a comfortable 6 month supply)
3 from $1,200,000 to $2,500,000 (65 remain for sale = a very uncomfortable 21+ month supply)
So, same-old same-old, all but the homes priced over a million are doing quite well.
(*the 30 days measured are from 6/11/2012 – 7/11/2012*)
The average/median sold price for this group was $464,425/$375,000
And during the same period last year just 52 homes sold.
40 sold in the bottom price rung, 9 in the middle and 3 at a million or more.
So yes, the surge is at the bottom end.
And get this, they sold for almost exactly the same price as they did this year
$464,297/$375,000.
How’s that for coincidence. So we sold 48% more (low priced) homes this year yet they sold at the same prices, overall, as last year. And it’s only one month, so don’t break out the good stuff just yet, but until now we’ve been running below last years average and median sold prices.
see thefoothillsToday.com
to find your Tucson Foothills home
