I wrote about the unusually large number of contracts for upper-end homes that were initiated during the typically slower months of June and July – 13 contracts for homes priced from $1,100,000 to $2,000,000 initiated from June 1st – July 21st.
This year, June and July are doing pretty good, but not quite as good as last year, just 9 homes priced at $1.0+ have gone to contract since this June 1st.
What’s more, the price spread on last year’s 13 contracts was from $1,100,000 to $2,000,000, and - with contracts at $1.2, $1.250, $1.395, $1.495, $1.590, $1.6, $1.799, $1.950, $1.975 - everything in between.
This year the upper and lower end are similar, from $1,000,000 to $2,000,000, but the in between is pretty different, with contracts at $1.025, $1.049, $1.179, $1,199, $1.199, $1,250 and $1.475 -----------------------to $2.0.
Last year was a (relatively) very good year for the upper-end market and for a while it looked like this year was going to be even better. But, with fewer homes in contract and only a slim lead over last years sales (33 v. 28), it's looking less certain than it did a few months ago.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
