Take a look at the numbers and see if you don't agree.
41% of homes listed for sale (approx 160 listed) in the Catalina Foothills had a price cut between August 1st and September 15th
49 price cuts were from homes listed $410,000 to $995,000
Original Median List Price was $780,000 > reduced to $715,000 ...
18 cuts were from homes listed $1,170,000 to $6,900,000
OMLP was $1,872,500 > reduced to $1,741,666
During that time 8 homes went to contract, 2 sold and 7 have left the market unsold / leaving 50 homes still for sale clocking in at 98 Median DOM and counting.
The data shows that homes that sell in their first 30 days on market sell for the highest % of list price
Here's an example, data on 36 homes that sold recently;
24 sold in 0 - 30 days for 97.55% of OMLP
4 sold in 31 - 60 days for 92.81% of OMLP
2 sold in 61 - 90 days for 93.86% of OMLP
1 sold in 91 - 120 days for 96.44% of OMLP
5 sold in 121+ days for 80.65% of OMLP
Catalina Foothills Homes
Get The Real Scoop on The Foothills Market
TheFoothillsToday.com | TheTucsonFoothills.com
John Schneider, Realtor® | Tierra Antigua Realty
[email protected] | 520 271- 4164 ___________________________________________________________________________________________________________________________________________________________________________________________
