The following charts track single family home sales and sold prices in the Catalina Foothills for the period of January - November of each year from 2004 - 2018. (hover over the data points to see the exact sales figure for each year)
First up, the number of Homes Sold up to $999,999 -
While home sales this year are DOWN almost 9% from last year
they are higher this year (though in some cases just barely) than every other year since 2005.
Next up, Catalina Foothills home sales at $1,000,000 & UP
With 58 sales thru November more $1,000,000+ homes have sold this year than in every other year since 2007.
All well and good, but high-end sales are still miles away (-51%) from where they were in 2006 and, at this point, are still not even a threat to 2007's sales numbers.
Sold prices (the brightest spot in the market) this year they are UP almost 10% over last year - and are UP 24% since hitting bottom in 2012 - though, they too still have a ways to go - as they are still DOWN 15% from their 2006 peak.
As we look at sales in the months ahead we are very likely to see some weakness in our market as a result of the recent and continued volatility in the stock market. The two go together like PB & J, particularly at the upper-end, though the results are not always as sweet.
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