The following charts track single family home sales & sold prices in the Catalina Foothills for January – September of each year from 2004 to 2017.
First up, the number of homes sold up to $999,999 – the brightest spot in the Catalina Foothills market. And thank goodness, it's also the bulk of the market.
Thru September home sales up to $999k are UP nearly 12% over the same period in 2016 – and are ahead of every year since 2005.
And they sold quicker this year, 36% quicker than last year – in 41 median days on market v. 64 last year. And get this, they even sold quicker this year than in 2004 – 2005, when the market was going thru the roof, 89 & 62 days on market then v. 41 this year.
Next up, the number of homes sold at $1,000,000 or more
In September sales at $1million+ picked up and regained the lead, though by just a nose, over 2016 sales for the same period. And I’ll say it again, while sales this year are ahead of every year since 2008, the lead is awfully slim (and, I think,fragile). The $1million+ market today is still down 60% from where it was in 2006. Interesting tidbit though, 39 homes sold thru September his year in 112 median days on market – 99 homes sold during the same period in 2006 in 175 days on market. Hmm!
And finally, those stubborn median sold prices for Catalina Foothills homes.
Thru September median sold prices for the overall Catalina Foothills market are up 7% over 2016. Hip-hip…And, since hitting bottom in 2012, they’re up 15.4% – after 5 long years of a snails pace recovery.
But please keep in mind that sales and sold prices do not perform uniformly throughout the Catalina Foothills. Some areas, some homes, some price ranges perform better or worse than others. The median numbers are only indicative of the overall Foothills market.
For an example of how different subdivisions have performed this year see; Catalina Foothills, median sold prices by subdivision
see TheFoothillsToday.com
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