I’ve been anxious to see how our surging market is effecting list price to sale price ratios and how quickly homes are selling. And I wanted to see how actual, individual homes are being effected, not statistics, not %’s of this or that. And I wanted it to be limited to homes that were listed this year, so that it would reflect how both sellers and buyers are approaching the market this year.
So I pulled everything listed this year that went to contract and sold this year, and, voila, here’s what I found.
5200 E Calle del Ciervo, Tucson, AZ 85718 - listed 1/4/17 for $300,000, went to contract 2 days later and sold for $290,000.
6800 N Deone Lane, Tucson, AZ 85704 – listed 1/13/17 for $375,000, to contract 2 days later and sold for $400,000
5870 N Hombre Lane, Tucson, AZ 85718 – listed 1/4/17 $395,000, to contract 13 days later and sold for $387,500
3732 E Windy Point Drive, Tucson, AZ 85718 – listed 1/18/17 for $425,000, to contract that same day and sold for $425,000.
4800 E Placita Tres Vidas, Tucson, AZ 85718 – listed 1/20/17 for $475,000, to contract 6 days later and sold for $475,000.
5424 E GLENEAGLES Drive, Tucson, AZ 85718 – listed 1/6/17 for $512,500, to contract 1 day later and sold for $494,500.
7291 E Desert Moon Loop, Tucson, AZ 85750 – listed 1/6/17 for $624,900, to contract 1 day later and sold for $625,000.
4239 N Placita De Sandra, Tucson, AZ 85718 – listed 1/19/17 for $649,000, to contract that same day and sold for $640,000.
That’s it for now. As the year progresses there will be plenty more for us to evaluate. And for you number crunchers these 8 homes sold for 99.55% of list price in an average of 2 days. Wow!!
However, this is not a complete picture of the market. There are many other homes that were listed this year that have gone to contract but not yet sold. And others still that were listed this year that have not yet gone to contract. Time will tell.
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