From Monday August 29 - Sunday September 11, 36 single family homes went to contract in the Catalina Foothills of Tucson, AZ - 85718 / 85750 (link expires 10/13/2022)
12 were priced from $379,900 to $595,000
17 from $612,000 to $995,000
7 from $1,050,000 to $2,480,000
An active 2 weeks for anytime of year but particularly impressive for late summer in a what is supposed to be a declining market.
And with DOM rising, now up to 27 days for this group, sellers will need to be more patient while buyers take a moment to "think about it". Imagine that!
Last year at this time a similar # of homes went to contract and the DOM had also risen, from 5 DOM to 16. And I wondered if the rise was due to the red-hot market cooling off or the usual seasonal summer slowdown.
We now know that it was a seasonal slowdown since soon after summer the DOM dropped down to around 5 and pretty much held there until spring/summer of this year. See last Aug/Sept contracts HERE & HERE
John Schneider /Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
johnschneiders@gmail.com
520 271-4164
Take care, stay well
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