Key Stats:(updated 1/4/2024)
- 2023: 595 homes sold (lowest since 2009)
- Sold Price Breakdown:
- $305,000 - $999,999: 419 Sold (down from 844 Sold in 2020)
- $1,000,000 - $4,300,000: 176 Sold (3rd highest ever)
- Median Sold Price: $780,000
The chart is tracking the # of homes sold at all prices
- The Foothills market saw a significant downturn in 2022 - 2023, with 2023 turning in the lowest home sales since the 2009 Great Recession.
- This drop is primarily due to a decline in sales below $1 million, which for 2023 are less than half what they were in 2020.
- However, the million-dollar market remains strong, with the 3rd highest yearly sales volume ever. No kidding, 3rd highest ever, right behind 183 sold in 2021 & 196 in 2022. And nothing else comes close.
- High interest rates and low inventory are the main factors impacting the market.
It is astonishing to see how quickly and how far sales have fallen in just the last 2 years.
Here's hoping for a more balanced and normal market for all in 2024.
Happy New Year
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If you have a question, would like my help or would like to chat about Catalina Foothills real estate, I look forward to hearing from you.
John Schneider/Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
[email protected]
520 271-4164
Visit my website TheFoothillsToday.com
to find your very own Catalina Foothills Home
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The homes noted in this post are the result of homes listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ
