As we enter the final countdown to years end here’s a summary of activity in some of our favorite subdivisions.
Shadow Hills
6 homes for sale at $494,500/$489,000 avg/median list price
3 in contract at $669,667/$599,000 avg/median list price
18 sold in the last 6 months at $483,333/$491,000 avg./median sold price
= a lean 2 month supply of homes for sale and for sale and sold prices in sync = a sellers market
Sin Vacas
7 for sale at $800,214/$680,000
1 in contract at $449,000/$449,000 (at Villa Milano)
3 sold in last 6 months at $713,333/$715,000
= a heavy 14 month supply of homes = a buyers market
Alta Vista
8 for sale at $769,250/$769,500
0 in contract
4 sold in last 6 months at $834,250/$891,000
= a heavy 12 month supply of homes = a buyers market
Catalina Foothills Estates (1-9)
35 for sale at $856,569/$729,000
9 in contract at $812,758/$619,025
26 sold in last 6 months at $606,177/$541,000
= an 8 month supply of homes = drifting into a buyers market, and with a large spread between the price of homes for sale and homes sold in CFE because the cheaper homes are outselling the costlier homes. What else is new.
Skyline Bel Air
3 for sale at $544,633/$469,900
3 in contract at $428,000/$425,000
8 sold in last 6 months at $499,550/$460,000
= a squeaky tight 2 month supply of homes = a strong sellers market in SBA
Pima Canyon
7 for sale at $1,531,286/$1,395,000
0 in contract
1 measly sale in the last 6 months at $1,450,000
= a whopping 42 month supply of homes for sale = PC’s slowest ever 6 months
Skyline CC
20 for sale at $1,096,025/$1,012,500
2 in contract at $894,500/$894,500
8 sold in the last 6 months at $740,125/$605,000
= a 15 month supply of homes for sale and a gaping gap between the price of those for sale and sold = a buyers market, particularly at the upper end. Why, because lower to mid priced homes are selling pretty OK, but higher priced homes are not - there are 10 for sale from $1,095,000 to $1,900,000.
La Paloma
27 for sale at $695,496/$649,000
3 in contract at $376,300/$400,000
22 sold in last 6 months at $503,073/$489,550
= just over a 7 month supply, not bad at all. Except, of the 22 sold 18 went for $550k or less and just 4 more from $663,500 to $741,000. Leaving the 8 homes listed from $779,000 to $1,425,000 out in the cold.
Catalina Foothills Estates 10
7 for sale at $1,296,286/$1,325,000
0 in contract
4 sold in last 6 months at $772,250/$720,000
= a 10+ month supply of homes and, once again, a chasm between the price of homes for sale and those that sold.
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. And we will likely see an increase in the number of homes for sale. Even, maybe, at the upper-end.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
