From Monday August 23 thru Sunday August 29 - 16 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 10/04/2021)
3 were priced from $370,000 to $465,000
12 from $618,500 to $980,000
1 at $1,649,000
The market, particularly at $1.0mil+, appears to have slowed a bit in the last few months - fewer contracts, fewer sales and a modest increase in the number of homes for sale. Traditionally, the Catalina Foothills residential market does slow down in the summer (when it's hot as hell). But since last summer, when the market actually picked up rather than slow down, we've grown so accustomed to our red hot market that a very normal seasonal slowdown may appear to be more than it is.
That said, there is no way of knowing whether this is the normal slowdown that happens (almost) every summer or the cooling, for other reasons, of our red hot market. By the way, even though the market has slowed or cooled a tiny bit, at most price points it still meets every description of a red hot sellers market.
Take care, stay well
see TheFoothillsToday.com
to see all the homes for sale in the Catalina Foothills
