I made that off-the-cuff remark yesterday when talking about the recent sale in there for $2.5mil.
And it wasn’t just because of the big sale, it’s because PC is doing better than other high end communities, which I knew, but I didn’t realize how much better until just now when I pulled the numbers. More homes are selling in PC, and for more $$$, resulting in an enviable 4.2 months supply of homes in a high end market where the overall foothills supply is in the neighborhood of 20 months. (See Market Snapshot)
In PC – 7 for sale, 4 in contract, 10 sold last 6 months = 4.2 month supply
Avg list of 7 for sale $1,264,857 – Avg sale price of 10 sold $1,317,050
For example, how does Cobblestone compare;
8 for sale, 0 in contract, 2 sold last 6 months = 24 months supply
Cat 10; a runner up.
5 for sale, 2 in contract, 6 sold in the last 6 = 5 month supply,
The Canyons; not so much.
5 for sale, 0 in contract, 0 sold in the last 6, 0 sold in last 9 months …
La Paloma; only those listed at $700k +
4 for sale, 0 in contract, 1 sold = 24 months supply
Skyline CC; only those listed at $700k +
8 for sale (for big money $959 – $3.495mil), 0 in contract, 1 sold = 48 months
Ventana anyone; just those listed at $700k +
18 for sale, 4 in contract, 6 sold in last 6 = 18 months supply
Sabino Mountain; only those listed at $700k +
5 for sale, 2 in contract, 2 sold in last 6 = 15 month supply
There are others, but, if I haven’t already, why belabor the point.
see thefoothillsToday.com
to find your Tucson Foothills home
