Hi,
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 August 31st of each year from 2015 to this year, 2021.
All of the data is based on sales thru the MLSSAZ (Multiple Listing Service of Southern Arizona) 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 represents nearly 80% of all the homes sold in the Catalina Foothills single family home market. A market that has been solid and fairly stable in recent years. I attribute the slight decline in sales this year to an all-time low supply of homes for sale, a predicament that began in the spring of 2020 and has worsened this year. Though, for the last few weeks the supply of homes for sale has inched up.
------------------------------------------------------------------------------------
Yet sales of homes at $1,000,000+ are way up and selling more quickly than ever before.
More homes sold for $1,000,000+ during this Jan - August than did in the same period of 2018 + 2019 + 2020 combined.
Why this year after so many years of pretty-poor sales. My experience in the last few months of 2020 and so far this year is that many affluent people are moving to the Catalina Foothills from more congested cities to steer clear of covid-19.
-----------------------------------------------------------------------------------
High demand and low supply have contributed to sharply rising home prices at nearly all price ranges.
The current median sold price is $690,000, that's up 24% over last year at this time and up 39% over where it was at this time in 2019.
-------------------------------------------------------------------------------------
And while the DOM has also inched up in the last few weeks, the YTD numbers, Jan 1 thru August 31, are still holding at 5 median DOM.
----------------------------------------------------------------------------------
I hope the market info is helpful for you. If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.
Thanks for stopping by
John Schneider /Realtor®
Tierra Antigua Realty
johnschneiders@gmail.com
520 271-4164
Take care, stay well
see TheFoothillsToday.com
to find your very own Catalina Foothills Home
