The Catalina Foothills

In Contract Last Week, 3/18 - 3/24/2024

From Monday March 18 thru Sunday March 24,  13 single family homes went to contract in the Catalina Foothills of Tucson, AZ (85718 / 85750 (link expires 4/26/2024) DOM = Days on Market

5 listed from $439,900 to $595,000 // DOM - 274, 175, 280, 21, 5
3 from $650,000 to $825,000 // DOM - 4, 8, 0
5 from $1,250,000 to $1,650,000 // DOM - 13, 5, 19, 5, 0

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                  Catalina Foothills Single Family Homes
                John Schneider, Realtor® | Tierra Antigua Realty

● Buy or Sell with Confidence
● Expert market knowledge
● Personalized service
●  No Bull
    Contact John Today! | [email protected] | 520-271-4164
                              TheFoothillsToday.com                         
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The homes noted in this post are homes that have been listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ

The Median Sold Price is UP

Curious to see where the Median Sold Price is I ran the numbers for Catalina Foothills homes sold from Jan 1 - March 22 for each of the following years.

2019
151 sold / $470,000 MSP / 56 MDOM

2020
185 sold / $532,000 MSP / 31 MDOM

2021
214 sold / $635,000 MSP / 6 MDOM

2022
168 sold / $765,000 MSP / 6 MDOM

2023
115 sold / $745,000 MSP / 22 MDOM

2024
142 sold / $872,500 MSP / 28 MDOM
(updated 3/25/2024)

And not surprisingly YTD the MSP is UP 14% this year V. 2022 and UP 17% V. 2023.
Not surprisingly because 36% of the homes sold this year sold at $1m+  V. 30% in 2022 and 26% in 2023. And to boot there are 37 homes in contract listed from $1m to $3.650m most of which will be closing in the next 2 -5 weeks or so.

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               Catalina Foothills Single Family Homes    
           John Schneider, Realtor® | Tierra Antigua Realty

● Buy or Sell with Confidence
● Expert market knowledge
● Personalized service
●  No Bull
    Contact John Today! | [email protected] | 520-271-4164
                              TheFoothillsToday.com                       

_________________________________________________________________________
The homes noted in this post are homes that have been listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ

In Contract Last Week // 3/11 - 3/17/2024

From Monday March 11 thru Sunday March 17,  22 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718 - 85750  (link expires 4/18/2024)

4 were listed from $455,000 - $589,900
9 from $600,000 to $975,000
9 from $1,089,000 to $2,550,000

another big week for contracts,

DOM in ascending price order; 89, 0, 4, 21 // 4, 29, 5, 100, 20, 0, 10, 2, 134 // 53, 41, 6, 28, 3, 115, 19, 2, 0

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**And, I (finally) updated the Market Snapshot & Just Sold on my website

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Thanks for stopping by,
Your questions, suggestions and comments are most welcome.

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
__________________________________________________________________________
The homes noted in this post are homes that have been listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ

In Contract Last Week, 3/4 - 3/10/2024

From Monday March 4 thru Sunday March 10,  23 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718 - 85750  (link expires 4/12/2024)

2 were listed at $419,000 & $575,000
7 from $600,000 to $925,000
14 from $1,075,000 to $3,600,000

WoW!  What a week for the upper-end market

DOM in ascending price order; 24,196, 27, 25, 58,14, 138, 5, 60, 54, 2, 6, 5, 10, 23, 14, 14, 0, 90, 31, 36, 6, 0 
Or 27 MDOM

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Thanks for stopping by,
Your questions, suggestions and comments are most welcome.

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
__________________________________________________________________________
The homes noted in this post are homes that have been listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ

Sellers are the only ones happy in today’s housing market, Fannie Mae survey finds

from

Home seller optimism continued to increase in February. Buyers, not so much.

Gabriella Cruz-Martinez

·Personal finance writer

Updated Sat, Mar 9, 2024, 12:04 PM MST

Americans haven’t felt this optimistic about the housing market in nearly two years, but it’s home sellers who have anything to be happy about.

Fannie Mae’s gauge on housing sentiment increased slightly in February, marking the third consecutive month of improved confidence and the highest level since March 2022. The boost was driven by increased optimism among home sellers as market conditions continued to tip in their favor.

In fact, some 65% of consumers surveyed by Fannie Mae said it was a good time to sell, up from 60% in January. But that was countered by would-be buyers, who remain extremely pessimistic, with just 17% saying it was a good time to buy.

While would-be buyers remain in low spirits due to woefully low inventory levels and climbing borrowing costs, the uptick in seller confidence could be a sign of more inventory popping up come spring.

“Some home sellers will begin to list properties when mortgage rates come down,” Lawrence Yun, chief economist at the National Association of Realtors, told reporters last month. “But we are not yet out of the woods.”

Continue Reading at Yahoo!finance

OR

In Contract Last Week, 2/26 - 3/3/2024

From Monday February 26 thru Sunday March 3,  13 single family homes went to contract in the Catalina Foothills of Tucson, AZ 85718/85750  (link expires 4/7/2024)

1 listed at $599,900
8 listed from $759,000 to $995,000
4 listed from $1,195,000 to $1,695,000

DOM in ascending price order; 274, 2, 87, 94, 3, 18, 30, 4, 55, 130, 1, 29, 159
or 36 MDOM

A real mixed bag, some went quickly others took forever.
Why are homes that have been on the market 3,4, 5 months or more going to contract now.
● Reduced List Price 
● Seller addresses lingering issues that were turning buyers off
● Increased urgency from seller or buyer
● Increase in buyer demand with no increase in supply
● The right buyer finally comes along. Not unusual with a unique property.
● What else?
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Thanks for stopping by,
I look forward to your questions, suggestions and comments.

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
________________________________________________________________________________
The homes noted in this post are homes that have been listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ

Catalina Foothills Homes are flying off the shelf

Since January 1st, 2024,

75 homes have sold for up to $999,999 
$708,100 MSP / 33 MDOM / 32 were Cash Sales
25 sold in 0 -10 DOM

32 homes have sold at $1m+ 
$1,491,000 MSP /15 MDOM / 17 were Cash Sales
15 sold in 0 -10 DOM

Yes, sales at $1m+ are flying even faster
(links expire 4/4/ 2024) 
MSP - Medium Sold Price / DOM- Days on Market / MDOM - Median Days on Market 

__________________________________________________________

Thanks for stopping by,
I look forward to your questions, suggestions and comments.

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
________________________________________________________________________________
The homes noted in this post are homes that have been listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ

Jan - Feb Catalina Foothills Home Sales

Check out the following 3 charts for a quick view of where the Catalina Foothills market is, including the # of Homes Sold, the Median Sold Price and Median Days on Market for January - February of each year from 2019 thru 2024. I also dropped the numbers in, sans charts, down below. (MSP=Median Sold Price // MDOM = Median Days on Market)

 

With rising sales, rising prices and homes moving quickly the Catalina Foothills market is seeing strong buyer activity.

2019
97 sold // $495,000 MSP // 71 MDOM

2020
132 Sold // $547,500 MSP // 31 MDOM

2021
141 Sold // $630,000 MSP // 10 MDOM

2022
119 Sold // $710,000 MSP // 7 MDOM

2023
77 Sold // $715,000 MSP // 30 MDOM

2024
101 Sold // $812,500 MSP // 29 MDOM

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Thanks for stopping by,
I look forward to your questions, suggestions and comments.

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
________________________________________________________________________________
The homes noted in this post are homes that have been listed and sold by us, the Realtors® of the Multiple Listing Service of Southern Arizona, the MLSSAZ