If you read this blog you have very likely heard that Catalina Foothills single family home prices dropped 31% from their peak in 2006 to their bottom in 2012. And since then (6 years lateer) prices have risen 25%, resulting in a drawn-out and tepid price recovery. ($570,000 in 2006 dropped to $390,000 in 2012 rose to $488,000 in 2018)
But the good news is prices rose more in the last 2 years than they did in the previous 4 years - up 6.6% in 2017 & up 9.6% in 2018 v. a total rise of 7% for the years 2012 thru 2016. So the pace of price increases has incresed.
And those numbers are accurate, but they represent all the homes sold in all areas and subdivisions throughout the Catalina Foothills. And as I’ve also 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 2018. 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 2018.
Click any of the highlighted subdivision names to see all the homes currently for sale.
** indicates just one home sold
| Subdivision | 2006 | 2012 | 2018 |
|---|---|---|---|
| All Foothills Sales | $570,000 | $390,000 -31% |
$488,000 +25% |
| Shadow Hills | $633,750 | $425,000 -33% |
$583,700 +37% |
| Pima Cyn | $1,766,500 | $1,082,500 -39% |
$1,150,000 +6% |
| Sin Vacas | $915,000 | $625,000 -32% |
$670,000 +7% |
| Catalina Fthls 1-9 | $677,500 | $530,000 -22% |
$638,500 +20% |
| Catalina Fthls 10 | $1,200,000 | $992,500 -17% |
$905,000 -9% |
| La Paloma | $675,000 | $417,500 -38% |
$522,402 +25% |
| Cobblestone | no sales | $1,004,965** | $887,500 -12% |
| Canyons | no sales | 2,100,000 | $1,550,000** -26% |
| Hacienda del Sol | $1,200,000 | $767,500 -36% |
$932,500 +21% |
| Foothills ll | $1,062,000 | $979,750 -8% |
no sales |
| Pinnacle Ridge | $952,500 | $651,000 -32% |
$779,000 +20% |
| Skyline CC | $1,000,000 | $641,000 -36% |
$851,500 +33% |
| Skyline Bel Air | $597,250 | $345,500 -42% |
$481,000 +39% |
| Alta Vista | $1,050,000 | $845,000 -19% |
$791,250 -6% |
| Cimarron | $722,500 | $435,000 -40% |
$490,500 +13% |
| Coronado Fthls Est | $608,750 | $390,000 -36% |
$569,000 +46% |
| Flecha Caida | $528,500 | $343,000 -39% |
$562,500 +82% |
| Fairfield | $560,000 | $360,000 -35% |
$444,500 +23% |
| Villages of Ventana | $485,000 | $341,500 -19% |
$398,500 +17% |
| Ventana CC | $1,036,250 | $569,500 -45% |
$694,500 +22% |
| Sabino Mountain | $839,250 | $319,950 -62% |
$541,500 +69% |
Sold 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.
This has been a painfully slow recovery, it's been six years since prices hit bottom and we still haven't gotten back to where prices were 12 years ago.
One thing is for sure, buyers are much more price conscious these days than they were in 2004 - 2007, much more. Back then, because prices were rising so quickly, buyers were afraid not to buy. Which lead to rampant price increases that are so far proving to be impossible to attain.
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
