From Monday November 6th thru Sunday November 19th 31 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 12/20/2017)
16 were priced from $219,900 to $488,000
13 from $649,000 to $979,000
2 at $1,049,999 & $1,495,000
This is the first time in memory that the middle price range ($600,000 to $999,999) has nearly as many contracts as the lower end of the market.
Everything is selling (I exaggerate, not quite everything but nearly) homes that have just come on the market and homes that have been on almost 1200 days, they’re all selling.
They didn’t sell last year or the year before but they’re selling now. The listings that are sometimes referred to as lifetime listings, yep, they’re selling. Why, the market is hot and inventory is tight which causes buyers to compromise and do deals they would not have done in years past. Because, if you want to buy a house you have to participate in the market that you’re in, not the market that you wish you were in. For years buyers held the cards and called the shots. It looks like the tables are turning.
The numbers for the previous week are HERE
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
