Median sold prices in the overall foothills market peaked in 2006 at $570,000, and bottomed out in 2012 at $390,000. And now, thru July of this year, they are at $450,000. That’s a drop of 31% from 2006 to 2012 and a 15% rise from 2012 to today - for the overall foothills market.
But the foothills market is wide and varied and prices in individual subdivisions have performed differently, often wildly differently, from the overall market. See for yourself, check out the numbers for individual subdivisions below.
The median sold prices shown are for January – July of each year.
The % reflects the drop in median sold prices from 2006 to 2012 and the change, up or down, from 2012 to 2017. (click any subdivision name to see all the homes currently for sale – continuously updated)
Shadow Hills
2006 – $646,500
2012 – $420,000 (-35%)
2017 – $560,000 (+33%)
Catalina Foothills Estates 1 –9
2006 - $665,000
2012 - $529,250 (-20%)
2017 - $550,000 (+4%)
Catalina Foothills Estates 10
2006 - $1,092,500
2012 - $843,500 (-23%)
2017 - $1,090,600 (+29%) ding-ding-ding, Cat 10 is back to 06 prices.
Sin Vacas
2006 - $895,000
2012 - $675,000 (- 24%)
2017 - $645,000 (– 4%)
Pima Canyon
2006 - $2,050,000
2012 - $1,075,000 (- 47%)
2017 - $1,237,500 (+15%)
Cobblestone
2006 – 0 sales
2012 - $1,004,965 (1 sale)
2017 - $967,500 (-3.7%) (well, at least there were 4 sales this year)
La Paloma
2006 - $625,000
2012 - $400,000 (- 36%)
2017 - $430,000 (+4.5%)
Worth noting; during the same Jan – July period in 2016 La Paloma median sold prices were $610,000 (+52% over 2012)
Hacienda del Sol Est
2006 - $1,550,000
2012 - $800,000 (- 48%)
2017 – No Sales
Pinnacle Ridge
2006 - $1,005,000
2012 - $651,000 (- 35%)
2017 - $775,000 (+19%)
Skyline CC Estates
2006 - $1,082,500
2012 - $641,000 (- 41%)
2017 – $595,000 (-7%)
The big difference in Skyline (and other communities with mega mansions) between 2006 and now is that back in 06 the really big $$$$ mega mansions were selling and now, for the most part, they’re not.
Skyline Bel Air
2006 - $597,250
2012 - $350,000 (- 41%)
2017 - $422,000 (+21%)
Cimarron
2006 - $745,000
2012 - $478,000 (-36%)
2017 – $613,000 (+28%)
Fairfield/Sunrise
2006 - $543,750
2012 - $335,000 (- 38%)
2017 - $440,000 (+31%)
During the same period in 2016 median sold prices were also $440,000.
Ventana CC
2006 - $1,036,250
2012 - $425,000 (- 59%)
2017 - $650,000 (+53%)
Sabino Mountain
2006 - $914,250
2012 - $268,400 (-70%)
2017 - $594,000 (+121%)
Every subdivision took a hit – some much bigger than others – and, incredibly, none (except Cat 10) are back to where they were, or even close to where they were, 11 years ago.
I posted this same report last August, click HERE to compare last years numbers with this years.
**last years figures for 2006 & 2012 for the overall foothills market are slightly different than this years due to the change in boundaries for the Foothills area. The individual subdivision numbers, however, remain unaffected.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
