Memorial Day is generally recognized as the unofficial end of our snowbird season, and with its arrival comes the departure of many prospective foothills home buyers.
And that’s true at all price ranges, but it’s more true at the upper-end, at $1,000,000 & UP.
Using 2013 as an example;
Sales under $1mil were 16% higher from Jan – June than from July – December
But sales at $1,000,000+ were 50% higher from Jan – June than July – December.
However, since 2013 was such a dismal year for high-end sales, let’s look at 2006, the pinnacle, the peak, the height of the hilarity for high-end sales.
In that year, the same result, sales were 50% higher from Jan – June than from
July – December. In 2012 the difference was 33%.
But as you might expect, it’s the 3rd quarter, July – September, that’s the real culprit, when high-end sales drop off most dramatically. In 2013 there were 266% more high-end sales in each of the 1st 2 quarters than in the 3rd. The 4th quarter, October – December, is kind of a mixed bag, with more sales than the summer but not as many as Jan – June.
Right now there are 106 homes for sale at $1.0+, 10 in contract and 10 sold since Jan 1.
Last year at this time there were 78 for sale, 11 in contract and 16 sold since Jan 1. So we may fail to even beat last year’s dismal record.
see TheFoothillsToday.com
to find your Catalina Foothills Home
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My observations and opinions of the Catalina Foothills market are based on the facts. I observe and analyze the market, I crunch the numbers and tell it like it is. If you would like to work with a Realtor who specializes in representing buyers of single family homes in the Catalina Foothills, call or email today for a confidential consultation.
John Schneider • [email protected] • 520 271-4164
