The Catalina Foothills

In Contract the Last 2 Weeks, 8/12 - 8/25/2024

From Monday August 12 thru Sunday August 25, 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ / 85718 / 85750 (link expires 9/30/2024)

 2 were listed at $410,000 & $550,000
12 from $645,000 to $775,000
4 from $1,100,000 to $2,450,000

August, traditionally the sleepiest month for contracts, is surprising us with a surge of activity in the narrow price band of $645,000 to $775,000 - what's up with that?

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

● Expert market knowledge l About Me
● Personal service
● Buy or Sell with Confidence
●  No Bull
●  [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

Last Summer V this Summer, Catalina Foothills / Updated 9/02/2024

A quick comparison of Single Family Home Sales last summer V this summer / June 1 - August 31

Criteria	2023	2024	+/-%
#Sold to $999k	121	87	-28%
DOM	12	23	+91%
MSP	$695,000	$685,000	-0.14%
#Sold at $1m+	53	45	-15%
DOM	12	21	+75%
MSP	$1,290,000	$1,475,000	+14%
Overall MSP	$820,000	$807,402	-1.5%

> A sizeable drop in sales up to $999k 
> and an unexpected 15% drop at $1m+
> nonetheless, $1m+ sold for appreciably more $$ this summer than last
> meanwhile ... everything that is moving is moving slower
> updated to include sales data to August 31, previous version stopped at Aug 23

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

● Expert market knowledge l About Me
● Personal service
● Buy or Sell with Confidence
●  No Bull

                  [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 TheFoothillsToday, 8/19/2024

144 Homes For Sale @ $899,450 MLP / 70 MDOM

  46 in Contract  @ $757,500 MLP / 33 MDOM

  38 Sold last 30 days @  $1,075,000 MSP / 49 MDOM
(links will expire 9/18/2024)

Just Listed last 7 days

Be sure to checkout the Market Snapshot to see what's happening in your price range

Just a heads up, with 17 new listings and 11 homes so far reported in contract last week, the 2nd week under the new NAR rules, it appears that the Foothills market continues to move forward and do well. I will report more details on last weeks' activity in a day or two.

UPDATE / Aug 21
11 homes did go to contract last week but 1 fell out, so 10 homes to contract
 7 priced from $695,000 to $850,000
 3 from $1,100,000 to $2,450,000

+ to confirm, 17 new listings priced from $625,000 to $2,600,000 entered the market last week

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

● Expert market knowledge l About Me
● Personal service
● Buy or Sell with Confidence
●  No Bull

                  [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, 8/5 - 8/11/2024

Worth noting, this was the very first week of the NAR rule changes going live here in Tucson.

From Monday August 5 thru Sunday August 11, 10 single family homes went to contract in the Catalina Foothills of Tucson, AZ / 85718 / 85750 (link expires 9/13/2024)

3 were listed from $399,900 to $599,000
5 from $625,000 to $785,000
2 at $1,250,000 & $1,399,000

The market's resilience is impressive. Despite the new NAR Rules implemented on Monday August 5th, 10 homes went to contract and 16 new listings came on the market that week. Clearly, the NAR changes haven't put much of a dent, if any, in the momentum of the Foothills market. Stay tuned!

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

● Expert market knowledge l About Me
● Personal service
● Buy or Sell with Confidence
●  No Bull

                   [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

Here it comes, the new NAR Real Estate Rules

Below are a few links to information from the NAR and the Multiple Listing Service of Southern Arizona (MLSSAZ)  to help you learn about the changes that are occurring right now in the real estate industry here in Tucson and all across the USA.

These are changes that will effect all of us, Home Buyers, Home Sellers, Realtors®, Lenders, Escrow and Title companies .... and more

What the NAR Settlement Means for Home Buyers and Sellers

NAR Settlement FAQs

MLSSAZ 

I will continue to provide updates on the changes as new information becomes available. As you might imagine there is a wide range of opinions regarding this matter, and I encourage you to contribute your thoughts and opinions.
Click Comments down below

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

● Expert market knowledge l About Me
● Personal service
● Buy or Sell with Confidence
●  No Bull

                     [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 TheFoothillsToday, 8/09/2024

141 Single Family Homes For Sale

 45 Single Family Homes Currently in Contract

42 Homes Sold in the last 30 days at   $917,497 MSP / in 25 MDOM
(links will expire 9/08/2024)

Just Listed last 7 days

Checkout the Market Snapshot to see what's happening in your price range

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Market Share

Sales of homes priced $1m+ continue to gain market share while lesser priced homes, those priced up to $999k, continue to lose share.

Jan - July 2019
543 homes sold
sales up to $999k were 93.7% market share
while sales at $1m+ were just 6.3% 

     fast forward to now

Jan  - July 2024
398 homes sold 
and sales up to $999k have shrunk to 64% market share
while sales at $1m+ have grown to 36% 

From the great recession market crash of 2008-2009 and up to 2019 buying a $1m+ home in the Catalina Foothills was the exception, with just 30 - 50 $1m+ homes sold each year, avg. 3 or 4 sold each month. 

Since then,
2021 - 183 sold at $1m+ , avg.15 sold each month
2022 - 196 sold at $1m+ 
2023 - 176 sold at $1m+
and so far this year, at $1m+, we're at 149 and counting

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

● Expert market knowledge l About Me
● Personal service
● Buy or Sell with Confidence
●  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 the Last 2 Weeks, 7/22 - 8/4/2024

From Monday July 22 thru Sunday August 4,  18 single family homes went to contract in the Catalina Foothills of Tucson, AZ / 85718 / 85750 (link expires 9/5/2024)

 5 were listed from $485,000 to $599,000
10 from $670,000 to $899,000
  3 from $1,465,000 to $3,250,000

Dead of summer and still plenty of action!

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

● Expert market knowledge l About Me
● Personal service
● Buy or Sell with Confidence
●  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