Here’s a glimpse at YTD single family home sales in the Catalina Foothills this year vs. last year;
2014 – 358 homes sold at an average/median of $500,838/$416,000 – in 98 DOM
- including 22 sales at $1,000,000+
2013 – 448 homes sold at an average/median of $463,274/$389,400 – in 96 DOM
- including 22 sales at $1,000,000+
So we have 20% fewer sales so far this year, yet average/median sale prices are up 8% & 7%, and the time to sell has barely budged. At this time last year there were 347 single family homes for sale, today there are 450.
For much of this year sales at $1,000,000+ had been lagging last year’s numbers, but now, incredibly, they’re neck n’ neck. And that’s good, but keep in mind that fewer homes sold at $1,000,000+ in 2013 than in any prior year since 2003. You read that right, since 2003.
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