The following charts track single family home sales & sold prices in the Catalina Foothills for January – November of each year from 2004 to 2017.
First up, the number of homes sold up to $999,999
Thru November Catalina Foothills home sales up to $999,999 are UP more than 11% over 2016.
And they sold quicker this year, 29% quicker than last year – in 38 median days on market v. 62 last year. Homes even sold quicker this year than they did in 2004 – 2005, when the market was going thru the roof, 91 & 65 days on market then v. a skimpy 38 days now.
Next up, the number of homes sold at $1,000,000 or more
Last month I said;
Sales at this price point have been bouncing along the bottom for the past 9 years, 9 years with very little (hardly any) improvement, with sales up a little bit one year and down the next.
And for the most part that is still true. Except that this year (for the first time in years) will be the 2nd year in a row of (marginally) growing sales. Sales rose in 2016 and they have risen again this year. Nevertheless, the big picture is more than twice as many $million homes sold in 2006 than will sell this year. That's a fact.
And median sold prices for Catalina Foothills homes.
Thru November median sold prices this year are UP 6% over 2016 - the largest yearly increase since 2013. And a pretty healthy increase for just one year.
However, since hitting bottom in 2012 median sold prices in the Catalina Foothills are up a measly 14%. Measly, I say, because prices dropped 32% from their 2006 high to their 2012 low. So we've still got a long way to go go go to get back to where we were 11 years ago.
Please keep in mind that 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.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
