Here’s a peek at the real estate activity in the Catalina Foothills for single family homes since January 1st.
First up is the number of new listings vs... the number of new contracts since Jan 1
228% more listings than contracts, Ah, well, it’s good for buyers.
How about the list price of new listings vs... new contracts,
A dubious honor, but new listings again take the cake, they’re 53% higher priced than new contracts. But that gap has narrowed since last year. I did the same comparison last January 2014, and back then new listings were almost 90% higher priced than new contracts.
So where’s the big difference coming from. It’s not the average price of new contracts, they’re about the same for both years. The difference is in the average price of new listings – last year they averaged $880k, this year they’re $680k.
see TheFoothillsToday.com
to find your Catalina Foothills Home
