Let’s have a look at the important stuff, just the hard numbers, with no charts.
The following numbers are for single family homes SOLD UP TO $999,999 in the Catalina Foothills from January 1st thru October 31st for last year and this year.
| 2015 | 2016 | +/- % | |
| # Homes Sold | 696 | 733 | +6.6% |
| Average Sold $$ | $441,755 | $437,470 | -1% |
| Median Sold $$ | $405,000 | $388,000 | -4% |
| Median Sold $$/sf | $160 | $159 | eh! |
| CDOM | 67 | 56 | –16% |
(CDOM, Cumulative Days on Market - Lower is Better)
Ho-Hum, same old story. Sales improving but prices (still) going nowhere. Median sold prices have barely budged since 2010.
Here’s the same comparison but this time for homes sold at $1,000,000 & UP
| 2015 | 2016 | +/-% | |
| # Homes Sold | 29 | 40 | +38% |
| Average Sold $$ | $1,341,103 | $1,397,846 | +4.2% |
| Median Sold $$ | $1,270,000 | $1,250,000 | –1.6% |
| Median Sold $$/sf | $249 | $251 | eh! |
| CDOM | 182 | 74 | -59% |
Not so Ho-Hum. With a big jump in sales, along with a big drop in days-on-market, there is at least a glimmer of hope that the upper-end – where sales have been bouncing along the bottom since 2009 – may be getting its head above water.
Click HERE for the same comparison for 2014 vs.. 2015.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
