The Catalina Foothills

in contract last week, 4/18 - 4/24/2022

From Monday April 18 thru Sunday April 24 - (just) 11 single family homes went to contract in the Catalina Foothills of Tucson, AZ (85718/85750) (link expires 5/29/2022)

2 were priced at $575,000 & $599,000
6 from $725,000 to $940,000
3 from $1,325,000 to $3,975,000

and that's it, a slow week for contracts, slower than any week (that I can remember) since April 2020 when the market tanked due to the arrival of covid-19. What's causing it dip now - hmmm .... could it be that buyers are sick and tired and frustrated by the low supply of homes for sale and the now commonplace bidding wars for the few that are for sale and are drifting away from being active buyers ....how about the sharp rise in interest rates, the wabbly stock market, rising inflation... what else?  And it's not just last week, April has been slower than it was before

John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills 
(and only in the Catalina Foothills)

 

A Gorgeous New Listing in the Catalina Foothills

I recently listed 6941 N Finger Rock Pl, a gorgeous & inviting home with panoramic views located on a quiet, private lot in gated Foothills ll, convenient to the best of everything the Catalina Foothills has to offer, listed at $2,750,000

The photos speak for themselves - and say it much better than I can - so, if you like what you see in the photos, you will LOVE what you see in person

If you are not working with a Realtor®/real estate agent and would like some help navigating the foothills market, or with just this home, give me a call, let's talk and see how I may be able to help you. 

John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills 
(and only in the Catalina Foothills)

in contract last week, 4/11 - 4/17/2022

From Monday April 11 thru Sunday April 17 - 16 single family homes went to contract in the Catalina Foothills of Tucson, AZ (85718/85750) (link expires 5/24/2022)

2 were listed at $375,000 & $575,000
11 from $600,000 to $975,000
 3 from $1,050,000 to $3,495,000

and they went quickly, in 5 MDOM

 

John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164

Take care, stay well

see TheFoothillsToday.com 
and see all the homes for sale in the Catalina Foothills 
(and only in the Catalina Foothills)

 

in contract last week, 4/4 - 4/10/2022

From Monday April 4 thru Sunday April 10 - 22 single family homes went to contract in the Catalina Foothills of Tucson, AZ (85718 / 85750) (link expires 5/14/2022)

 6 were priced from $329,900 to $550,000
10 from $625,000 to $925,000
 6 from $1,100,000 to $1,849,000

they went in 5 MDOM

John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164

Take care, stay well

see TheFoothillsToday.com 
and see all the homes for sale in the Catalina Foothills 
(and only in the Catalina Foothills)

 

in contract last week, 3/28 - 4/3/2022

From Monday March 28 thru Sunday April 3 - 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ   (85718 & 85750)      (link expires 5/11/2022)

4 were priced from $412,000 to $550,000
5 from $725,000 to $950,000
4 from $1,099,500 to $1,325,000

slowdown, what slowdown, they flew off the shelf in 3 MDOM
(median days on market)

 

John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164

Take care, stay well

see TheFoothillsToday.com 
and see all the homes for sale in the Catalina Foothills 
(and only in the Catalina Foothills)

1st Qtr. Homes Sales in the Catalina Foothills

here's a look at how the Catalina Foothills single family home market has performed during the 1st Qtr. of each year from 2018 thru 2022. (DOM = days on market / MSP = median sold price)

Year	# Homes Sold	# Sold Cash	% Cash Sales	MSP	+/- % MSP v prior year	DOM	# of Homes For Sale
2022	206	82	40%	$755,000	+16%	6	+/- 62
2021	243	89	37%	$650,000	+20%	4	+/- 81
2020	216	58	27%	$543,500	+14%	29	+/- 226
2019	184	60	33%	$475,000	+2%	55	+/- 320
2018	192	56	29%	$465,000	+3%	36	+/-  322

So, big jumps in prices starting in 2020 along with declining DOM and declining # of homes for sale. All of which continue  to this day.                                                                                                                         

PS, we finished 2021 with the MSP at - $695,000 for the year- and now for the 1st Qtr. of 2022 it's up to $755,00. 
Where will it go from here?

John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills 
(and only in the Catalina Foothills)

recent list & sold prices - March 19 - March 31

The following are the list and sold prices of the 45 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from March 19 to  March 31, 2022 thru the Tucson Association of Realtors® MLSSAZ (Multiple Listing Service of Southern Arizona).

 

Listed	Sold
429,900	376,555
385,000	380,000
410,000	395,000
400,000	403,101
415,000	409,000
425,000	412,000
475,000	475,000
479,000	477,000
579,000	575,000
515,000	615,000
625,000	625,000
725,000	638,500
615,000	651,000
650,000	680,000
685,000	685,000
695,000	695,000
695,000	696,000
549,000	705,000
689,900	709,500
625,000	710,000
715,000	715,000
765,000	760,000
775,000	769,000
785,000	785,000
819,900	791,000
795,000	825,000
846,631	846,631
765,000	850,000
915,000	895,000
950,000	900,000
925,000	925,000
820,000	950,000
995,000	1,010,000
1,150,000	1,050,000
998,000	1,097,600
929,900	1,100,000
1,300,000	1,130,000
1,350,000	1,285,000
1,200,000	1,310,000
1,300,000	1,315,000
1,450,000	1,500,000
1,495,000	1,670,000
1,395,000	1,675,000
1,999,000	1,983,000
2,750,000	2,600,000

45 homes sold

19 sold for more than list price     - 42%

 8 sold at list price  - 18%

18 sold for less than list price   - 40%

22 were cash sales   -  49%

The MSP of the 45 homes sold is $769,000 & they sold in 9 median DOM - a decrease in MSP and an increase in DOM from the previous Listed & Sold report .

However, because the time period for each report is so short, 2 weeks or less, I would hold off until we have 2 - 3 months of data before drawing conclusions about where the market is headed.  And I believe the longer DOM numbers are at least partially due to more sellers delaying the response time to offers they receive, e.g.: (.... seller will review and respond to offers after 3pm on Sunday April 10), in order to give more buyers the opportunity to see the house and to make an offer, thereby setting up a silent auction. 

John Schneider /Realtor®
Tierra Antigua Realty
[email protected]
520 271-4164

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills 
(and only in the Catalina Foothills)