The Catalina Foothills

in contract last week, 4/13 - 4/19/2020

From Monday April 13th thru Sunday April 19th -- 11 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 5/21/2020)

8 were listed from $285,000 to $564,000
2 at $662,000 & $929,000
1 at $1,099,000

Skimpy, though par for the course for this ugly time we're in ..., but hey, buyers are still buying and many homes are going to contract quickly, median Days On Market for these latest contracts is 15 DOM. 

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

 

in contract the last 2 weeks, March 30th - April 12th, 2020

From Monday March 23rd thru Sunday March 29th -- 22 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 5/14/2020)

17 were priced from $313,500 to $590,000
 4 from $695,000 to $995,000
and that's it, bottom heavy and nothing with 7 figures...

 

Now that we are in the thick of it' (it' being coronavirus) contracts for homes in the Catalina Foothills are down by more than 50% from what we normally expect at this time of year. 

Take care, stay home, stay well. 

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

and now for some good news

Home sales so far this year in the Catalina Foothills have been exceptionally strong. 
Sales are UP, sale prices are UP and days on market are down.

Here's a look at single family home sales for January - March for each of the following years. 

2018 
191 homes sold ---- @$465,000 median sold price ---- in 37 median days on market

2019
184 homes sold --- @$475,000 median sold price --- in 56 median days on market

2020
217 homes sold --- @$550,000 median sold price --- in 29 median days on market

That is an 18% increase in the # of homes sold, a 16% increase in sold prices and a 48% drop in days on market. 
WOW!

Yeah but ...  keep in mind that a typical escrow is between about 25 to 45 days from contract to closing. So most of the deals for the 217 homes sold in this 1st Qtr. were made starting from sometime in December, or maybe even November, of 2019 up until about 30 days ago, so around early March.

And, sadly and unfortunately, things have changed drastically since then and it's a pretty sure bet that 2nd Qtr. sales will not look so rosy. But hopefully by then the virus and it's path of destruction will have been beaten back and life around the world will be returning to a safer and more normal state for everyone. 

Take care, stay home, stay well. 

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

 

in contract last week, March 23rd - March 29th, 2020

From Monday March 23rd thru Sunday March 29th -- 17 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 5/2/2020)

6 were priced from $250,000 to $534,000
9 from $600,000 to $785,000
1 each at $1,175,000 & $1,199,000

Not bad, considering ...

Take care, stay well & stay home

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