Homes sold in the last 2 weeks are the result of deals that were made from around early December to mid January (Updated Feb 11, 2023)
Listed | Sold | DOM |
309,990 | 305,000 | 31 |
349,000 | 370,000 | 2 |
398,000 | 398,000 | 22 |
460,000 | 439,000 | 30 |
575,000 | 575,000 | 22 |
615,000 | 610,000 | 3 |
690,000 | 675,000 | 30 |
799,000 | 700,000 | 108 |
745,000 | 715,000 | 63 |
855,000 | 835,000 | 57 |
1,175,000 | 900,000 | 253 |
859,900 | 914,000 | 4 |
940,000 | 934,000 | 28 |
1,250,000 | 990,000 | 72 |
1,500,000 | 1,300,000 | 77 |
1,475,000 | 1,467,180 | 0 |
1,595,000 | 1,480,000 | 46 |
1,795,000 | 1,650,000 | 8 |
5,500,000 | 4,000,000 | 103 |
19 Homes Sold
Link expires 3/13/2023)
The median sums for that group are;
MSP - $835,000
MDOM - 31
Sold/ Original List Price Ratio - 97.83%
Actual DOM are all over the place and, not surprisingly, where DOM are higher the sold price is often lower, relative to the list price - though most of the homes listed for less than $1.0m sold at or fairly close to list price - and 2 sold over list. While, mostly, the homes listed for more than $1.0M sold for quite a bit less than list price.
And for the moment, ignoring the severe lack of inventory, these latest sales are looking a bit more like what a normal market looks like. A market where one side, sellers or buyers, don't hold all the cards, and are therefore negotiating to reach agreement.
But given how quickly homes went to contract last week I wouldn't be surprised to see them sell closer to list price, with less give and take negotiating, than the 19 shown above. We shall see.
Thanks for stopping by
John Schneider /RealtorĀ®
Tierra Antigua Realty
Catalina Foothills Homes
[email protected]
520 271-4164
see TheFoothillsToday.com
to see all the homes for sale in the Catalina Foothills
(and only in the Catalina Foothills)