the following are 2022 Quarterly home sales numbers for the Catalina Foothills market, 85718 / 85750
| # Homes Sold | MSP | DOM | List/Sold Ratio | |
| Q1 | 207 | 750,000 | 6 | 100% |
| Q2 | 208 | 795,000 | 5 | 101.88% |
| Q3 | 157 | 775,000 | 9 | 98.57% |
| Q4 | 140 | 741,250 | 20.5 | 96.44% |
*Q4 figures updated 1/07/2023
The big takeaway, Q4 MSP is the lowest it's been this year - now down -6.76% from its high in Q2. Likewise the # of homes sold - down -32.7% from Q2 - DOM up +310% from Q2.
Q2 was the last hurrah for the super red-hot market and now (with hindsight) we can see clearly that we are transitioning to something else. There are lots of theories out there on what that something else is...... Me, I don't predict, but if I did I wouldn't do it in this muddy market.
Just 2 weeks ago I reported that the Q4 MSP was down -3.44% from Q2. And it was. And I expected that it would end the year, more or less, at around -3.44%. But now, just 2 weeks later, the Q4 MSP is down -6.76%. Why, how? because the MSP of the homes that sold during the last 2 weeks of Q4, from 12/16 - 12/31, sold at a MSP of $632,750, thereby dragging down the MSP for Q4 to $741,250 from the $772,500 that it was 2 weeks ago.
On the bright side the yearly MSP for 2022 is way higher than any other year on record
2022 - $770,000
2021 - $695,000
2020 - $567,050
2019 - $495,000
2018 - $485,000
2017 - $445,000
2016 - $417,250
2015 - $429,975
2014 - $425,000
2013 - $413,500
2012 - $390,000
2011 - $400,000
2010 - $411,618
2009 - $438,250
2008 - $520,000
2007 - $540,643
2006 - $570,000
2005 - $515,000
2004 - $408,000
2003 - $352,000
2002 - $322,500
2001 - $305,000
2000 - $290,000
Happy New Year!
John Schneider /Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
[email protected]om
520 271-4164
TheFoothillsToday.com
to see all the homes for sale in the Catalina Foothills
(and only in the Catalina Foothills)
