sold prices, from peak to trough to now

I've mentioned previously that median sold prices in the Catalina Foothills had dropped 31% from their 2006 peak to their bottom in 2012, and that since then prices have inched up just 14%, resulting in a very weak price recovery.  But a big chunk of that 14% increase was due to prices rising 6.6% last year alone, in 2017.

And that is accurate, but it’s an overall figure, for all homes sold throughout the foothills. And as I’ve mentioned before, ‘…prices across the foothills do not march in lockstep. Some areas, price ranges and even individual homes, perform better or worse than others’.

So here’s a look at how much better or worse individual subdivisions performed during the peak year 2006 to the bottom in 2012 and then in 2017. The following figures are median sold prices for all single family homes sold in each subdivision during the full year shown.

Under the sold price is the % change from 2006 to 2012 and from 2012 to 2017.     
Click any of the highlighted subdivision names to see all the homes currently for sale.
** indicates just one home sold

Area	2006	2012	2017
All Foothills Sales	$570,000	$390,000 -31%	$445,000 +14%
Shadow Hills	$633,750	$425,000 -33%	$518,500 +22%
Pima Cyn	$1,766,500	$1,082,500 -39%	$1,105,000 +2%
Sin Vacas	$915,000	$625,000 -32%	$642,500 +3%
Catalina Fthls 1-9	$677,500	$530,000 -22%	$557,000 +5%
Catalina Fthls 10	$1,200,000	$992,500 -17%	$1,065,300 +7%
La Paloma Est	$2,475,000	$1,065,000 -57%	$1,078,750 +1%
La Paloma (not Estates)	$625,000	$472,500 -24%	$475,000 +a smidge
Cobblestone	no sales	$1,004,965**	$867,000 -14%
Canyons	no sales	$2,100,000	$1,789,348 -15%
Hacienda del Sol	$1,200,000	$767,500 -36%	no sales
Foothills ll	$1,062,000	$979,750 -8%	$1,257,500 +28%
Pinnacle Ridge	$952,500	$651,000 -32%	$775,000 +19%
Skyline CC	$1,000,000	$641,000 -36%	$612,000 -4%
Skyline Bel Air	$597,250	$345,500 -42%	$422,000 +22%
Alta Vista	$1,050,000	$845,000 -19%	$825,000 -2%
Cimarron	$722,500	$435,000 -40%	$604,000 +39%
Flecha Caida	$528,500	$343,000 -39%	$424,500 +24%
Fairfield	$560,000	$360,000 -35%	$430,000 +19%
Villages of Ventana	$485,000	$341,500 -19%	$380,000 +11%
Ventana Golf Villas	$619,900	$340,000 -45%	$495,000 +46%
Ventana Lake, Cyn Est, Whalebck	$1,150,000	$1,207,500 +5%	$775,000 -36%
Ventana Cyn Mountain Est	$2,212,500	$1,700,000** -23%	No sales
Sabino Mtn	$839,250	$319,950 -62%	$366,250 +14%

Nope, prices sure didn't march in lockstep, they’re all over the lot, both in how far they fell and how much they’ve recovered. Though there is some similarity in the subdivisions that are showing a stronger recovery. Mostly, they are moderately priced, long time favorites such as Shadow Hills, Fairfield, Pinnacle Ridge, Flecha Caida, Skyline Bel Air and Cimarron. Communities that are home to families and people who live and work in Tucson year round. And who therefore need to buy a home to have a place to live, rather than those communities that cater to a large number of 2nd home & retirement home buyers who are making a discretionary purchase, one that is usually not a must have purchase and can therefore be delayed and delayed indefinitely. There my be other reasons for the disparity, but that's my theory.

Nevertheless, this has been a painfully slow recovery, it's six years since prices hit bottom and we're still well below where they were in 2006. 

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home