The Catalina Foothills

In Contract Last Week, 9/18 - 9/24/2023

From Monday September 18 thru Sunday September 24, 12 single family homes went to contract in the Catalina Foothills of Tucson, AZ  85718/85750   (link expires 10/29/2023)

3 were listed from $450,000 to $599,000
5 from $600,000 to $950,000
4 from $1,250,000 to $2,150,000

And they went quickly, in 12 MDOM

Thanks for stopping by,
If you have a question or would like my help, I look forward to hearing from you

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

TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Technical Issues

Hi,
If you were subscribed to the follow.it feed, at the bottom right side of the banner photo, you may need to re-subscribe as there have been some technical issues with it that are now fixed (I hope) though your preferences may have been deleted. Sorry for the inconvenience. 

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

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

In The Foothills Today, 9/25/2023

101 single family homes for sale in The Foothills Today priced from $419,900 to $12,500,000
Median List Price (MLP) is  $975,000 // MDOM is 69
46 (45.5%) are listed at $1M+ (link expires 10/25/23)

 

Looking at sales, sold prices and median days on market from            7/1 - 9/20 for 2021, 2022, 2023

	2021	2022	2023
#SOLD	189	128	129
MSP	$675,000	$820,000	$810,500
MDOM	5	9	12

MSP is -1.15% from 2022 and +20% from 2021

Overall the supply of homes is still quite tight, with 2 - 3 months of inventory (MOI) at most price points. Check out the latest numbers in the  Market Snapshot 

More Recently
45 homes sold in the last 30 days at $850,000 MSP for 99.94%/original list price in 6 MDOM
(link expires 10/25/23)

WoW! that's +15.6% MSP over the same 30 day period last year when
51 homes sold at $735,000 MSP for 97.54%/original list price in 13 MDOM

+15% is a big jump but it's also the result of sales for just 30 days, (IMO) too short a time period to bank on. Except the supporting numbers are also pretty impressive. They sold for 99.94%/original list price in 6 MDOM. It doesn't get much better than that. We'll see what happens in the next month or two.

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

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

In Contract Last Week, 9/11 - 9/17/2023

From Monday September 11 thru Sunday September 17, just 6 single family homes went to contract in the Catalina Foothills of Tucson, AZ, 85718 / 85750   (link expires 10/21/2023)

4 were listed from $625,000 to $750,000
2 at $1,100,000 & $1,149,900
And that's it!

Very few contracts but for the most part they went quickly, in: 1, 2, 1, 37, 6, 1 DOM - or 9.5 MDOM

Thanks for stopping by
If you have a question or would like my help, I look forward to hearing from you

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

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

In Contract Last Week, 9/04 - 9/10/2023

From Monday September 4 thru Sunday September 10, 10 single family homes went to contract in the Catalina Foothills of Tucson, AZ, 85718 / 85750   (link expires 10/15/2023)

1 was listed at $599,000
4 from $650,000 to $989,000
5 from $1,095,000 to $1,428,170

Officially, those 10 homes went to contract in 15.5 MDOM...
That may be, but in real life, 8 of the 10 homes that went to contract went much quicker than 15.5 MDOM. They went in 0, 3, 4, 5, 5, 6, 8, 8 DOM  + two that took 623 and 51 days to reach contract. Which, mathematically, works out to 15.5 MDOM and though it is accurate mathematically, to me, it does not accurately reflect the pace at which homes went to contract last week. The average is even less representative of reality, the average comes in at 80 DOM. 

A suggestion, if you're a buyer or a seller, along with all the other info and stuff your agent provides you, ask them to show you the median days on market (MDOM) numbers along with the actual days on market (ADOM) for properties that are comparable to what you are searching to buy or looking to list for sale. 

Thanks for stopping by
If you have a question or would like my help, I look forward to hearing from you.

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

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

In Your Favorite Foothills Subdivision, Part 2, September 2023

The following are snapshots of the single family and townhome market in a variety of popular subdivisions in the Catalina Foothills, Tucson, AZ.
The sold activity represents sales from Jan 1, 2023 - August, 31, 2023. The listing/sold data is provided courtesy of the MLSSAZ (Multiple Listing Service of Southern Arizona). MSP(Median Sold Price) // MDOM (Median Days on Market)                                                                               
Click the highlighted Subdivision names to see all of the homes currently for sale (continuously updated) + the Homes Sold // MSP // MDOM 
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Sabino Mountain 
6 Sold // $1,310,000 MSP // 36 MDOM // (sold listings expire 10/11/23)
Built from the early to mid 2000's Sabino Mountain homes are popular for their high-up on the mountain location with beautiful mountain and city views and, for the foothills, with homes that are newer than many others in surrounding areas. Sabino Mountain is also popular with many buyers because of the wide range of home sizes, styles and prices that are available. For example, of the 6 homes sold the two lowest priced homes sold for $555,000 & $585,000 while the two highest priced went for $1,775,000 & $2,200,000. And that is not unusual. For recreation and rejuvenation Sabino Mountain is close to the hard to beat combination of  Sabino Canyon Recreation Area,Canyon Ranch and Ventana Canyon Golf & Racquet Club.

Ventana Canyon CC
30 Sold // $852,000 MSP // 18 MDOM
Because Townhomes are an essential component of the housing stock in Ventana I have included them both in the For Sale and Sold data.
Yes Ventana CC is home to Ventana Canyon Golf & Racquet Club  With two golf courses running thru it, the Mountain and the Canyon Course and exquisite facilities and services for golf, pickleball, tennis, swimming, a spa, dining and more Ventana Canyon CC offers a complete range of services and facilities to compliment your lifestyle. 

Alta Vista
12 Sold // $1,512,500 MSP// 8.5 MDOM
The numbers speak for the market in Alta Vista- it's been sizzling hot. Built mostly from the early 1990's to 2016 or so Alta Vista is home to a great many mildly Southwestern style homes, often referred to as Southwest Contemporary. They're southwest but not too southwest, and they're contemporary but not too contemporary. They are what many buyers find to be a comfortable mix of southwest & contemporary. AV is also a good area to find Sante Fe and Mediterranean style homes. Many them perched high up on a ridge with commanding views. 

Fairfield
59 Sold // $565,000 MSP // 15 MDOM
Townhomes are also a very essential component of the housing stock in Fairfield - as there are more townhomes than single family in Fairfield and I have included both in the For Sale and Sold data. 
Fairfield, a very special place in the Catalina Foothills, offers a mix of small to medium-sized homes on lots that range from 0.15 - 0.75 acres and with most homes built between 1975 and 2000. The homes built from the 1970's up to about 1995 are mostly slump block, concrete block, brick or adobe construction with many of those built in the following years of frame stucco construction. Fairfield is renowned for its charming well kept streets with row after row of tidy and attractive southwestern style homes with the most desirable of them on mountain &/or city view lots. 

Catalina Foothills Estates 
7 SOLD // $1,175,000 MSP// 30 MDOM
The grand daddy of them all, the original Catalina Foothills Estates, where the first homes were imagined and built in the Catalina Foothills with Catalina Foothills Estates #'s 2, 3, 4 5, 6, 7, 8 and 9 to follow.

In 2008 I posted to this blog about the Catalina Foothills Estates titled> Joesler and Murphey, they started it all ...

John Murphey, the founder and developer of the Catalina Foothills Estates, in partnership with the architect Josias Joesler, were visionaries in the development of the Catalina Foothills which, until they came along, was a remote and undeveloped area of grazing cows.

Their vision was to create a lifestyle that would be attractive to wealthy mid-western and eastern families seeking a winter refuge in a desert environment - To become Tucson's first second home owners.
The homes designed by Joesler, while meant to evoke a romantic association with the desert, were often large homes on sprawling hilly lots that were surrounded by the beauty and privacy of the natural desert.

Many of those Joesler's survive to this day, and quite a few have been carefully maintained and renovated to provide modern comforts and conveniences, while maintaining the essence and character of Joesler & Murphey's vision. When they're done right, they're incredibly beautiful.
However many (most really) of the original sprawling hilly lots, which ran from ten to fifteen acres or more, have by now been subdivided and whittled down to nearly the size of your typical new McMansion lot, to make way for more homes. 

There's more, lots more, here > Joesler and Murphey, they started it all

The Catalina Foothills Association website also has lots of info on the history of and present day life in the Catalina Foothills.
_______________________________________________________

Thanks for stopping by
If you have a question or would like my help, I look forward to hearing from you.

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

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

In Contract Last Week, 8/28 - 9/03/2023

From Monday August 28 thru Sunday September 3, 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ, 85718 / 85750     (link expires 10/08/2023)

1 was listed at $575,000
4 were at $759,000 to $859,000
8 were at $1,050,000 to $1,850,000

more homes went to contract at $1,000,000+ than at under $1,000,000

Thanks for stopping by

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

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

from Yahoo & me too

yahoo!finance

Million-dollar homes are the ‘middle class’ options for homebuyers in many cities

Rebecca Chen·Reporter
Sat, September 2, 2023 at 4:48 AM MST

Homebuyers in some cities have no choice but to buy million-dollar homes as prices near all-time highs.

The share of million-dollar homes is rising across the nation. Redfin found that 8.2% of houses in the US are now worth seven figures, up from 7.3% in February and just shy of the peak of 8.6% recorded in June 2022. Of the 90 million homes studied, approximately 7.46 million units were over a cool million.

A separate report from LendingTree found that two California cities have larger shares of million-dollar homes than properties under that mark. The percentage of homes over $1 million was 66.28% in San Jose and 52.91% in San Francisco. Los Angeles followed at 26.48%, San Diego at 23.15%, and Seattle at 18.70%.

The reports underscore how in many markets, million-dollar homes are not necessarily luxurious; rather, they are the norm, leaving many homebuyers with few affordable options.

"There are a lot of areas, especially really expensive areas, at this point where million-dollar homes have not only become more common, they've also — for lack of a better term — become more middle class," Jacob Channel, report author and LendingTree's senior economist, told Yahoo Finance.

Continue Reading at yahoo!finance > HERE

--------------------------------------------------------------------------------------
Thanks to Rebecca and Yahoo for addressing the $1,000,000 question - when is a $1,000,000 home not a $1,000,000 home

Meanwhile, in the Catalina Foothills ...

the share of million-dollar-homes for sale and sold has also grown over the last few years, some of which I've mentioned HERE HERE and HERE

In the last few years home sales at $1,000,000+ have risen from a puny 6 or 7 % of the single family homes sold in the Catalina foothills to a pretty significant 27% of those sold last year. 

And so far this year, thru 8/31/2023, 446 homes have sold including 127 that sold for $1,000,000+, bringing the % of homes sold for $1,000,000+ to 28.4%, slightly ahead of the % numbers quoted for LA and San Diego. Feel free to peruse the 127 sold and see what you think of them. Are they "middle class" as alluded to in the article or the real deal million $$ homes.

Today (9/06/2023) there are 92 single family homes for sale in the Catalina Foothills and 47 (52%) are priced from $1,000,000 up to $12,500,000

The high-end market took off in mid-2020, driven by a wave of buyers escaping more congested places and seeking out large luxurious homes in the foothills. As demand for these properties surged, sellers began listing their homes at increasingly higher prices and, lo and behold, they sold, which only served to fuel the frenzy. In some cases homes that had previously sold in the $700 to $900k  range moved up into the $7 figure range.

This rapid rise in prices has slowed this year, as rising mortgage rates on top of high list prices have made it more difficult for some buyers to afford these homes. However, the supply of high-end homes remains tight, and demand is still strong, so the market is still moving forward. 

Thank you, and Take Care

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

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

In Your Favorite Foothills Subdivision, September 2023

The following are snapshots of the single family home market in a variety of popular subdivisions in the Catalina Foothills, Tucson, AZ.
The sold activity represents sales from Jan 1, 2023 -August, 31, 2023. The listing data is provided by the MLSSAZ (Multiple Listing Service of Southern Arizona). MSP(Median Sold Price) // MDOM (Median Days on Market)                                                                               
Click the highlighted Subdivision names to see all the homes currently for sale + the # Homes Sold // MSP // MDOM 
___________________________________________________________

Shadow Hills 
12 Sold // $889,500 MSP // 3.5 MDOM // (sold listings expire 10/04/23)
Has long been and still is one of the most popular subdivisions in the Catalina Foothills. 12 sales at 3.5 MDOM speaks volumes of Shadow Hills' popularity. Why is Shadow Hills so popular? My theory; Aside from being in a convenient location to stores, schools and shopping the terrain in Shadow Hills is flatter, much flatter, than in many other foothills areas, which makes it easier, faster & less costly to build homes, pools, anything.  And for families with children, of which there many in SH, it has lots of flat ground for kids (and adults) to run around and play, ride bikes, walk, jog, walk the dog with room for play equipment, swings, etc. 

Sin Vacas
6 Sold // $1,126,500 MSP // 6 MDOM  (sold listings expire 10/04/23)
Sin Vacas is a guard gated community in the Catalina Foothills of Tucson, Arizona. The name Sin Vacas translates to "Ranch Without Cows". The community is located on Ina Road west of N. Campbell Ave. Many of the homes  overlook the Tucson valley and the city of Tucson. Sin Vacas is a luxury subdivision with more than 200 lots including Villa Milano, a newer developed area in Sin Vacas that was built from approx 2005 to 2015 with smaller homes on smaller lots than were previously built in SV. 

Pima Canyon
8 Sold // $2,068,600 MSP // 30.5 MDOM (sold listings expire 10/04/23)
The newest and last large luxury home development in the Catalina Foothills. Many homes were built in the early to mid 2000's but that stopped abruptly when the market crashed in 2008. Though building new homes (mostly spec homes) resumed with vigor in later years to become, IMO, the most popular non-golf luxury subdivision in the Catalina Foothills. 

Cobo Catalina Hills
1 Sold // $2,200,000 // 29 DOM //  (sold listings expire 10/04/23)
Unique properties with larger lots that commonly run from a 3.3 acre minimum up to 8 acres or so, though I have seen larger lots, some with horses facilities.

Cobblestone
3 Sold // $1,480,000 MSP // 21 MDOM // (sold listings expire 10/04/23)
Great location way up high at the very top of Campbell Ave, Cobb backs up to the Coronado National Forest with spectacular views in every direction. It also has the most impressive tree lined entry, it's long, it's green, it's well kept and speaks quietly of quality and good taste. 

Foothills Clusters
6 Sold // $551,500 MSP // 13 MDOM // (sold listings expire 10/04/23)
Moderately priced homes in a wonderful and convenient Foothills location, location. Many have been renovated & updated and others are in the works. With such a good location IMO Clusters has nowhere to go but up.


La Paloma CC
19 Sold // $692,000 MSP // 12 MDOM // (sold listings expire 10/04/23)
Gated, golf course community spread out on the north and south side of Sunrise Dr in one of the best mid Foothills locations. La Paloma has a wide range of homes in various sizes, styles and prices.  La Paloma CC and  The Westin La Paloma Resort & Spa are conveniently located for easy access from the residential areas. 


Catalina Foothills Estates 10
5 Sold // $1,600,000 MSP // 49 MDOM // (sold listings expire 10/04/23)
Guard Gated, very desirable central Foothills location, gentle hilly terrain with many homes occupying their own hilltop affording privacy along with mountain and city views. Large lots, 1.3 acre minimum, impeccably maintained, a favorite of those commuting to the University of Arizona, Banner University Medical Center and to downtown Tucson.

Skyline Bel Air
15 Sold // $825,000 MSP // 34 MDOM
Skyline Bel Air is in a uniquely desirable location in Catalina Foothills - just a short walk or bike ride to shops, restaurants, banks, groceries and other amenities, yet tucked away and private this charming neighborhood offers convenience and privacy. Most of the homes in Skyline Bel Air were built in the 1960s and 70s, when good lots were plentiful, and therefore many of them have stunning views. Some of the homes have been renovated/updated in recent years while others retain their vintage charm. Long overdue, the streets in Skyline Bel Air were recently repaved, and oh what a difference that made, giving the whole neighborhood a fresh new look. Which I'm sure has contributed greatly to making Skyline Bel Air a desirable place for home buyers.


Coronado Foothills Estates
11 Sold // $695,000 MSP // 7 MDOM
With its location high up in the Catalina Foothills many homes in Coronado come with spectacular mountain & city views. And with homes built from the 1960's to the 2000's and from about 1600sf up to 6000sf, Coronado offers a wide range of choices in a spectacular setting.


Skyline Country Club Estates
6 Sold // $1,165,000 MSP // 40 MDOM
Skyline CC is a unique and special place in the Catalina Foothills. It's full of character and charm, with stunning views and homes in a variety of architectural styles. There's also a golf course running through it, clay tennis courts and an imposing country club facility. Most of the homes were built in the 1960's and 70's some of which have been renovated and updated, while others have been rebuilt from the ground up. Skyline CC is not for everyone, but if you're looking for a place with a lot of personality, a great location and stunning views, Skyline CC deserves your attention.
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That's it for now.
I will continue with more subdivision snapshots in a few days.

I hope you found the snapshots informative and helpful. 
If you have a question or would like my help navigating the Catalina Foothills market I look forward to hearing from you.

Thank you, and Take Care

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

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