It wasn’t by much, and the competition wasn’t very stiff, but April turned in the highest sales numbers so far this year. On the other hand they’re much lower than last April and also lower than April 2012 and 2011, though they are a bit higher than April 2010.
And sold prices are a mixed bag. The average is down from the exuberant burst of spending in January and March, but the median is UP. And it’s way up, higher than any month (except last October) for the last 2+ years. And there were no big sales in April either, the highest sale was $908,000, yes, not a single home sold in the 7 figures in April. But that too will change. With 10 homes listed at $1,000,000+ currently in contract May may turn out to be a banner month for $1,000,000+ sales. And if so, it’s about time.
The March report is HERE
If you read the real estate news from around the country you’ve seen that sales are down and prices are UP in other cities too. But there’s a difference. In each of those cities the low sales and rising prices are attributed to a very low supply of homes for sale. Hence, the buyers that there are are competing for a low and dwindling supply of homes, and being forced to pay up.
That’s not the case here, the supply of homes for sale is higher than it’s been in the last few years. And way more than during the boom years when homes were selling hand over fist.
It’s baffling.
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My observations and opinions of the Catalina Foothills market are based on the facts.
I observe, track and analyze the market, 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
see TheFoothillsToday.com
to find your Catalina Foothills Home
