here’s a peek at sales data for the most recent sales of single family homes in the Tucson Foothills - for the period of 7/15 – 8/15 this year and in two previous years.
(all prices are averages for the period. And while 7/15 – 8/15 is actually 32 days, call it artistic license,
‘in the last 32 days’ sounds weird)
| Year | # Sold | OLP | LP | Sold Price | CDOM |
| 2012 | 65 | $554,118 | $533,586 | $503,754 | 128 |
| 2011 | 63 | $526,578 | $509,013 | $480,654 | 121 |
| 2010 | 51 | $498,509 | $478,594 | $444,238 | 181 |
The original list price (OLP), the list price at time of sale (LP) and, most importantly, the sold price are all higher this year than during the same period in the previous two years.
The average Sold Price is up 4.8% this year vs 2011 and 13.4% vs. 2010.
And $503,754 is the 3rd highest average sale price this year, having been beat out by a nose in March at $504,534, and for the full 31 days of July at $514,021.
And Cumulative Days on Market (CDOM) is also pointing to a stronger market.
At the height of the market madness in 2006, during the same 7/15 - 8/15 period, the CDOM was 118.
If you’re still waiting for the bottom, I’m afraid that it has come and gone.
see thefoothillsToday.com
to find your Tucson Foothills home
