Here’s the latest big picture look at how this year compares to previous years.
The following charts compare sales and sold prices for the 1st half of the year, from January thru June, for each year from 2000 thru 2014.
Up first is a look at the number of homes sold,
OOPS!, sales this year are DOWN 20% from last year, and down 40% from their all time high of 2005.
And following is the see-saw of average/median sold prices over the years.
Meanwhile, average/median sold prices are UP 7.3% / 7.2% from last year, but still DOWN
29% / 24% from their all time high of 2006.
Looking back, sales peaked in 05 and dropped steeply in 06. Yet sold prices ignored that drop in sales and continued to climb in 06, before dropping ever-so-slightly in 07, as sales continued to slide.
And we now have a similar situation, though not nearly as drastic. After bottoming out in 2009, sales climbed each of the following years thru 2013. And then, this year, they dropped steeply.
And once again, sold prices have ignored that drop in sales and continue to climb this year.
And on top of that we now have about 30% more homes for sale this year than last year.
So, 30% more inventory, 20% fewer sales, and prices are rising. What’s next.
search all the homes for sale in the Catalina Foothills
at TheFoothillsToday.com
