So far this year the median sold price for single family homes sold across the foothills is $447,000 - on 655 sales that sold in a rather quick 45 median days on market.
That’s a 6% rise in median sold prices over the same period in 2016, with 9.5% more homes sold this year, that sold in 31% fewer days on market than last year. All in all a very nice improvement.
But sold prices across the foothills do not march in lockstep, they vary by subdivision, by home price and, most importantly, by market demand at that time.
Here’s a look at how median sold prices, etc. have performed this year v. last year in a selection of popular individual subdivisions across the Catalina Foothills. Sales data is for homes sold 1/1 – 9/24 each year. Click any subdivision name to see all the homes currently for sale.
Shadow Hills
2016 – 22 sold, median sold (MS) $501,000 in 25 days
2017 – 24 sold, median sold (MS) $538,500 in 66 days
Median sold UP 7.5%
Foothills Clusters
2016 – 9 sold, MS $325,000 in 8 days
2017 – 11 sold, MS $315,000 in 10 days
MS DOWN -3%
Sin Vacas
2016 – 8 sold, MS $724,160, in 276 days
2017 – 7 sold, MS $685,000, in 84 days
MS DOWN -5.4%
Catalina Foothills Estates
2016 – 44 sold, MS $525,000 in 57 days
2017 – 51 sold, MS $550,000 in 70 days
MS UP 4.8%
Pima Canyon
2016 – 5 sold, MS $1,500,000 in 98 days
2017 – 7 sold, MS $1,225,000 in 139 days
MS DOWN -18%
Catalina Foothills Estates 10
2016 – 5 sold, MS $990,000 in 62 days
2017 – 7 sold, MS $1,090,600 in 63 days
MS UP 10%
La Paloma
2016 – 29 sold, MS $610,000 in 78 days
2017 – 35 sold, MS $430,000 in 92 days
MS DOWN a whopping -29%
Skyline CC
2016 – 13 sold, MS $789,000 in 158 days
2017 – 16 sold, MS $567,500 in 42 days
MS DOWN ditto –28%
Skyline Bel Air
2016 – 14 sold, MS $433,750 in 36 days
2017 – 27 sold, MS $419,000 in 50 days
MS DOWN –3.4%
Flecha Caida
2016 – 19 sold, MS $375,000 in 134 days
2017 – 21 sold, MS $424,000 in 43 days
MS UP 13%
Cimarron
2016 – 13 sold, MS $549,000 in 90 days
2017 – 18 sold, MS $604,000 in 83 days
MS UP 10%
Finisterra
2016 – 7 sold, MS $907,000 in 45 days
2017 – 7 sold, MS $592,288 in 106 days
MS DOWN –10%
Fairfield
2016 – 18 sold, MS $442,500 in 65 days
2017 – 13 sold, MS $440,000 in 53 days
MS DOWN a teeny bit (-0.56%)
Villages of Ventana
2016 - 8 sold, MS $323,517 in 47 days
2017 – 7 sold, MS $355,000 in 31 days
MS UP 9.7%
Ventana CC
2016 – 20 sold, MS $639,575 in 86 days
2017 – 19 sold,MS $625,000 in 37 days
MS DOWN –2.3%
Sabino Mountain
2016 – 11 sold, MS $369,000 in 94 days
2017 – 7 sold, MS $363,500 in 47 days
MS DOWN –1.5%
Looking at the number of home sold, sold prices and days on market in individual subdivisions is not so neat and tidy as they are for the overall foothills market. Due to the wide variety of homes within many individual subdivisions, the fluctuation in median sold prices from one year to the next, UP or DOWN, are, I believe, more a reflection of higher or lower priced homes sold during that period than they are of a rise or fall in home prices or values within those communities. There are however some exceptions; in the few subdivisions that tend to be more cookie cutter, median sold prices are, to a greater degree, more likely to reflect a rise or fall in home values.
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