A big drop in the number of homes sold
and sold prices dropped to their lowest point in the last 20 months.
Why? Was it buyer burnout. Did rising interest rates scare buyers away, rather than motivate them to get off the fence. Did higher interest rates force buyers into lower priced homes, or was it the complete lack of any high-end sales that contributed to the lower averages. Or was it just August being August. I don’t know. And of course this follows July when I wrote -
July Home Sales in the Tucson Foothills are through the roof
Here’s a link to the 65 that did sell in August – 58 sold from $167,500 to $590,000 with the remaining 7 going from $607,000 to $998,000. And nothing higher.
Let’s see where this puts us for January thru August, this year vs. last year.
2012 – 584 sales @ $459,825/$369,000 (avg/median sold price)
2013 – 640 sales @ $462,135/$389,950
So YTD sales are up 9.6% and prices are up a miniscule .5% average and 5.7% median.
And we’ve lost a little ground since July when sales were up 14% and prices were up 1% & 6.9% over 2012.
see TheFoothillsToday.com
to find your Tucson Foothills home
