The Catalina Foothills

in contract last week, July 19 - July 25, 2021

From Monday July 19th thru Sunday July 25th - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/27/2021)

11 were priced from $390,000 to $599,000
 7 from $625,000 to $850,000
 2 at $1,075,000 & $1,100,000

A slight uptick in contracts last week,

Take care, Stay well

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

 

 

in contract last week, July 12 - July 18, 2021

From Monday July 12th thru Sunday July 18th - 14 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/22/2021)

5 were priced from $381,000 to $590,000
7 from $600,000 to $900,000
2 at $1,195,000 & $2,500,000

 The slower pace of summer sales continues. And with it we're now seeing a slight rise in inventory - 87 single family homes for sale in the foothills today - a few more than we've seen at any time this year. 

Take care, Stay well

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

in contract last week, July 5 - July 11, 2021

From Monday July 5th thru Sunday July 11th - 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/15/2021) 

6 were priced from $425,000 to $539,900
7 from $650,000 to $949,900
2 at $1,250,000 & $1,535,000

Since June 21st this is the 3rd week with fewer contracts than previous weeks. 
Last week I wondered, 'Summer slowdown? We'll see...'  
Now it is looking more like, yes, it is a summer slowdown. However, these 15 homes still went to contract quickly, just 5 DOM. And if this is a slowdown it is occurring later than usual. 

Summer slowdowns happen every year starting in late May or early June. It's the beginning of our off-season. Last summer, Covid summer of 2020, was the exception, as buyers came pouring in from other more congested cities, regardless of how hot is was here. 

Take care, Stay well

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

Catalina Foothills Single Family Home Sales Data for Jan 1 - June 30 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru June 30th of each year from 2015 to this year, 2021.

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents about 80% of the Catalina Foothills single family home market with 20% going to homes sold at $1,000,000 and UP.
A market that, other than last years pandemic induced slump, has been quite stable in recent years.

 

After years of scraping bottom the $million+ market has broken out and is doing astonishingly well this year. 

Median sold prices of homes that sold for up to $999,999 this year are 30% higher than in 2019 ($470k v. $616k) And when we look at the entire market, including the boost from so many $million+homes selling this year, the median sold price is Up 38% since 2019 - which is the number reflected in this chart. 


Combine quickly rising prices with the **lowest number of homes for sale in the last 20 years and you have frenzied buying and listings going to contract in a flash while attracting multiple offers. 

**(June 2021 avg. 75 homes for sale // June 2020 avg. 185 homes for sale // June 2019 avg. 273 homes for sale //
June 2016 avg. 464 homes for sale)

Take care, Stay well

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

in contract the last 2 weeks, June 21 - July 4, 2021

From Monday June 21 thru Sunday July 4 - 38 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/6/21)  **3 other homes went to contract but those deals have since fallen thru

11 were priced from $449,000 to $599,000
19 from $625,000 to $997,000
 8 from $1,100,000 to $1,999,000

Fewer contracts than we've seen in previous weeks. Summer slowdown? We'll see...

Take care, stay well

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