Let’s have a look at the important stuff, and with no charts, just hard numbers.
The following numbers are for single family homes SOLD UP TO $999,999 in the Catalina Foothills from January 1st thru October 15th for last year and this year.
| 2014 | 2015 | +/- % | |
| # Homes Sold | 593 | 657 | + 11% |
| Avg Sold Price | $435,270 | $443,636 | + 2% |
| Med Sold Price | $385,000 | $405,000 | + 5% |
| Med $$/sf Sold | $157/sf | $160/sf | + 2% |
| CDOM | 60 | 66 | +10 |
(CDOM, is Cumulative Days on Market - Lower is Better)
Those numbers are fairly benign – sales are up nicely and prices have edged up a little bit too. Nothing much to complain about.
And the same comparison but this time for homes sold at $1,000,000 & UP
| 2014 | 2015 | +/-% | |
| # Homes Sold | 36 | 27 | - 25% |
| Avg Sold Price | $1,344,750 | $1,356,741 | + 0.89% |
| Med Sold Price | $1,202,500 | $1,275,000 | + 6% |
| Med $$/sf Sold | $249/sf | $249/sf | 0% |
| CDOM | 150 | 182 | +21% |
OOPS, sorry, a lot of numbers up there but the most striking one is the number of homes sold, it’s so small. Barely 4% of the 684 homes sold this year. And this year it took 21% longer than last year to sell 25% fewer homes. And last year was nothing special, far from it. As a matter of fact we haven’t had a good year at $1million+ since 2007, when YTD 81 sold.
Anyway, one thing’s for sure, you have to be pretty special to sell in this market.
Have a look at the 27 homes that did make the grade - SOLD AT $1MILLION+ IN 2015
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
