Because market conditions vary widely from one area of the foothills to another, though much of the variance is due to price alone, it’s important to be aware of how the market is doing in the areas and subdivisions that interest you. This a continuation of where I left off last week
Click any subdivision name to see all the homes currently for sale – single family & townhomes.
Ventana Country Club
26 for sale at $1,224,187/$924,000 (avg/median list price)
5 in contract at $894,779/$979,000 (avg/median list price)
11 sold in the last 6 months at $756,000/$725,000 (avg/median sold price)
= a hefty 14 month supply of homes in Ventana and avg/med list prices that tower over sold prices. Why, supply & demand, a big supply and a small demand for higher priced homes while those at lower prices are selling well.
Cimarron
9 for sale at $633,644/$599,900
2 in contract at $641,950/$641,950
5 sold in the last 6 months at $586,500/$489,000
= an 11 month supply of homes, but, at least, with list & sold prices fairly in sync.
Fairfield/Sunrise
11 for sale at $362,900/$339,900
5 in contract at $476,000/$510,000
12 sold in the last 6 months at $485,253/$476,000
= a perfectly balanced market with a 5+ month supply of homes and with more higher priced, than lower priced, homes selling - the opposite of most other foothills communities. (higher priced for Fairfield, that is)
Coronado Foothills Estates
11 for sale at $734,391/$650,000
2 in contract at $637,450/$637,450
16 sold in the last 6 months at $635,906/$562,500
= a skimpy 4 month supply of homes. Buyers like views and Coronado has them up the wazoo
Finisterra
4 for sale at $910,750/$924,500
1 in contract at $1,649,000
5 sold in the last 6 months at $555,409/$454,175
= a very comfy 5 month supply of homes but with a not so comfy gap between the price of those for sale and sold.
Sabino Mountain
10 for sale at $458,330/$386,750
1 in contract at $370,000
3 sold in the last 6 months at $745,667/$430,000
= a burdensome 20 month supply of homes
Hacienda del Sol Estates
2 for sale at $1,067,000/$1,067,000
0 in contract
1 sold in the last 6 months at $675,000
Kinda quiet in HDSE
At the risk of repeating myself - Starting next month the market will should may begin to pick up, even for the upper-end, as our high season kicks off here in the Catalina Foothills.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
