The following are the list and sold prices of the 17 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from September 1 - today, September 15, 2022 thru the Tucson Association of Realtors® MLSSAZ (Multiple Listing Service of Southern Arizona)
the green numbers are the homes that sold for over list price
| Listed | Sold |
| 439,500 | 439,500 |
| 480,000 | 470,000 |
| 599,000 | 572,500 |
| 625,000 | 597,500 |
| 600,000 | 612,000 |
| 625,000 | 619,500 |
| 695,000 | 625,000 |
| 729,000 | 694,000 |
| 775,000 | 720,000 |
| 770,000 | 745,000 |
| 793,000 | 775,000 |
| 999,000 | 1,050,000 |
| 1,100,000 | 1,125,000 |
| 995,000 | 1,125,000 |
| 1,350,000 | 1,500,000 |
| 1,550,000 | 1,650,000 |
| 2,475,000 | 2,300,000 |
6 (35%) sold for over list price
1 (6%) sold at list price
10 (59%) sold for less than list price
9 (53% ) were cash sales
These 17 went to contract in 9 median DOM - so still awfully quick.
Looks like the formerly red-hot market is continuing to cool.
A higher % of homes are selling for less that list price, a lower % selling at or above list price and the above list sales are, with one exception, huddled at $1mil+ suggesting that mortgage rates are likely cutting into purchasing power at low to mid price points - and it appears that buyers at $1mil+ are finding they still need to bid above list price to get what they want. Or, at least, to get the best of what is available - and the pickings are slim - from $1.0m to $2.0m there are just 30 homes for sale.
Click >>> July Listed/Sold numbers to compare them to todays numbers.
Thanks for dropping by
John Schneider /Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
johnschneiders@gmail.com
520 271-4164
Take care, stay well
TheFoothillsToday.com
to see all the homes for sale in the Catalina Foothills
(and only in the Catalina Foothills)
