We know the overall single family home market in the Catalina Foothills is weak this year.
But how weak or strong it is varies a great deal from one subdivision to another.
So here’s a look at how the market’s doing in some of the more popular subdivisions in the foothills; along with the # of Single Family homes currently for sale, in contract, and the # sold from January 1st thru March 5th - with the resulting MOI (months of inventory).
A YTD snapshot of real estate activity by subdivision.
And if you’re shopping for a home you can click any of the subdivision names and see all the homes currently for sale, including single family and town homes.
Please Note: the number of homes shown from the links will differ from the #’s shown in the chart, because;
A) the links show both single family homes and townhomes & the figures in the chart are single family only. And, B) the links are continuously updated, and will therefore show all the homes for sale at the time you click them.
| Area | # for sale | # in contract | # sold | MOI |
| Shadow Hills | 10 | 1 | 3 | 6 |
| Skyline Bel Air | 8 | 1 | 1 | 16 |
| Fairfield/Sunrise | 9 | 3 | 1 | 18 |
| Villages of Ventana | 3 | 1 | 2 | 3 |
| Las Alturas | 2 | 1 | 1 | 4 |
| Flecha Caida | 14 | 3 | 2 | 14 |
| Coronado Foothills | 12 | 2 | 1 | 24 |
| Foothills Clusters | 7 | 1 | 1 | 14 |
| Cimarron | 9 | 4 | 2 | 9 |
| Catalina Fthls Est 1-9 | 30 | 6 | 3 | 20 |
| Sabino Mountain | 11 | 2 | 3 | 7 |
| Alta Vista | 18 | 3 | 0 | ? |
| Cobo Catalina Hills | 3 | 0 | 0 | ? |
| Bellas Catalinas | 2 | 0 | 0 | ? |
| Cobblestone | 5 | 1 | 0 | ? |
| Finisterra | 6 | 1 | 0 | ? |
| the Canyons | 5 | 0 | 1 | 10 |
| Pima Canyon | 9 | 1 | 1 | 18 |
| La Puerta | 0 | 0 | 1 | 0 |
| Pontatoc Canyon | 4 | 2 | 0 | ? |
| Pinnacle Ridge | 2 | 0 | 0 | ? |
| Sin Vacas | 10 | 2 | 1 | 20 |
| Hacienda del Sol Est. | 6 | 0 | 1 | 12 |
| Bonita Ridge | 6 | 1 | 1 | 12 |
| Skyline CC | 20 | 4 | 3 | 13 |
| La Paloma CC | 21 | 3 | 11 | 4 |
| Ventana CC | 38 | 3 | 4 | 19 |
The rule of thumb is 6 MOI = a balanced market. More than 6 and it veers into buyers market territory, less than 6 and it’s a sellers market, with demand outstripping supply. (I faintly recall what it feels like to be in sellers market)
A ? under MOI indicates that it is impossible to determine MOI, because there haven’t been any sales this year.
And also consider the # of homes in contract. Because, while sales are where the rubber meets the road, they are based on deals that were made 30 – 45 days prior, while contracts show very recent activity.
In any case we can count on one hand the # of subdivisions with a balanced market, or, in a few cases, maybe even heading into a sellers market. But the vast majority are way deep into buyers market territory.
This chart, along with the Market Snapshot, which slices & dices the market by price range –see tab at top of page – paint a pretty clear picture of a weak single family home market in the Catalina Foothills.
And of course here on the ground it’s slow. I hear listing agents complaining that showings are few and far between, and wondering what happened to the market, where are the buyers.
But it can change. There’ve been years where the season started slow and then kicked in in March. But this is March, and it still feels like a July market.
see thefoothillsToday.com
to find your Catalina Foothills home
