Single family home prices have moved up, but just modestly from their long slide to the bottom in 2011 - 2012. Average/Median sold prices are up barely 6% & 8% since then.
and $$/sf sold prices are not breaking any records either, they’re up just 5.6% since 2012.
and while sales of homes sold for less than $1,000,000 rose nicely each year after scraping bottom in 2008 – 2009, that trend has reversed course this year and we’re now trailing 2012 sales
And while we had little uptick this summer, which pushed us beyond last year’s dismal #’s, sales at $1,000,000+ have yet to show any real signs of recovery since hitting a wall in 09. Instead, they continue to bounce along the bottom, up a few sales here, down a few sales there, and not going anywhere.
So it’s still a good time to be a buyer. The question is, will it last? And if so, for how long? hmmm Ask me next November and I’ll let you know.
Til then.
see TheFoothillsToday.com
to find your Catalina Foothills Home
