The Catalina Foothills

In Contract Last Week, 6/19 - 6/25/2023

From Monday June 19 thru Sunday June 25, 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ, 85718 / 85750  (link expires 7/31/2023)

2 were listed at $549,000 & $550,000
4 from $699,000 to $975,000
7 from $1,095,000 to $2,395,000

Against a back-drop of high interest rates accompanied by a slippery economic outlook high-end sales aren't hurting as much as you might expect, 93 homes sold at $1mil+ so far this year V. 113 during the same period last year when up to around mid April the outlook and momentum was much stronger than this year.

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)

Catalina Foothills Home Sales Data / January thru October 2021

Hello and welcome

The following charts track the single family home market in the Catalina Foothills of Tucson, AZ and include the number of homes sold, median sold prices (MSP) and days on market (DOM) for the period of January 1st thru October 31st of each year from 2015 to this year, 2021.

All of the data is based on sales thru the MLSSAZ (Multiple Listing Service of Southern Arizona) and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is a chart showing the number of homes sold for up to $999,999, which comprises 80% of all the homes sold in the Catalina Foothills. It's a market that had been fairly stable until everything changed in Feb-March of 2020.
The  drop in sales of homes sold for under $1Mil is due to the all-time low supply of homes for sale, a predicament that began in Feb-March of 2020 and has worsened this year. The drop in sales is not due to lack of motivated buyers. There are plenty of buyers, there are not nearly enough homes for sale.

today, there just 103 homes for sale
For perspective, in November of previous years there were;
341 for sale Nov 2017
305 in Nov 2018 
268 in Nov 2019 
and by Nov of 2020 we were down to a measly 130 homes for sale, and dropping

For much of this year, during spring & summer, the number of homes for sale hovered in the 60's to 80's range.

 

On the other hand at $1,000,000 & UP sales are Way UP.   How? Why?
A glut of unsold $$Mil+ homes from the 2003 - 2006 $$Mil+ luxury building/selling frenzy that fizzled quickly in 08 and remained fizzled from 2009 to 2017 when fewer than 50 $$Mil+ homes sold each year until 2016 when 53 sold.

This is how it was...


Put that together with an influx of motivated high-end buyers looking for an attractive and less congested and safer place to live and Voila!, sales boomed and continue to boom. So far this year 152 have sold at $$1Mil+

This is how it is

With high demand and short supply homes are selling quickly

Very quickly!

All of which is resulting in higher sold prices, across the board

higher than ever

That's it, a snapshot of YTD sales in the Catalina Foothills Single Family Home market.

For more recent info checkout my postings of ".... In Contract last week ..." which show recent contract activity and checkout the Market Snapshot for breakdown of what's happening in your price range. 

Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, April 19 thru May 2, 2021

From Monday April 19th thru Sunday May 2nd - 43 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 6/03/2021)

14 were priced for $325,000 to $590,000
18 from $600,000 to $995,000
11 from $1,050,000 to $3,595,000

And they did so in a very snappy 6 median days on market. 

Also worth noting, recently there's been a slight uptick in the number of new listings coming to market. Too soon to tell if it is the beginning of a trend or just a one time thing. In any case, there are now 89 single family homes for sale in the Catalina Foothills, a handful more than during the last few months though still way less than is usual at this time (or anytime) of year. 

Thank you,
Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Yearly Catalina Foothills Home Sales and Sold Prices / 2004 thru 2019

Happy 2020!

The following charts track the number of single family homes sold and median sold prices in the Catalina Foothills of Tucson, AZ for each year from 2004 thru 2019.
The home sales and sold price numbers are based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represent all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

The charts below clearly show that the real estate market that is priced up to about $1,000,000 in the Catalina Foothills is doing well and continues to improve. Sales at over $1,000,000 have also improved but more cautiously and more slowly.

First up is the number of single family homes sold for up to $999,999 - a  market that represents 93% of all the homes sold in the Catalina Foothills and a market that has improved in 9 of the last 11 years.  

On the other hand, though it has improved incrementally in the last few years, the performance of the $1,000,000+ market pales by comparison. 

 

And Median Sold Prices, they're UP UP UP over every year since 2008  

 

And, perhaps with more to come, Realtor.com predicts that Tucson will be the 3rd Hottest real estate market in the entire USA in 2020. 

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, 12/09 - 12/22/2019

From Monday December 9th thru Sunday December 22nd ---- 33 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 1/27/2020)

23 were priced from $245,000 to $590,000
 5 from $649,900 to $995,000
 5 from $1,049,000 to $1,500,000

Wow! what a haul for the 2 weeks before Christmas..

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to find your very own Catalina Foothills Home

 

in contract last week, 11/18 - 11/24/2019

From Monday November 18th thru Sunday November 24th - 18 single family homes went to contract  in the Catalina Foothills of Tucson, AZ  (link expires 12/30/2019)

 
12 were priced from $299,450 to $599,000
 5 were $625,000 to $899,900
 1 at $1,950,000

And that's it! but still pretty darn good for the week before Thanksgiving.

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, 11/4 - 11/17/2019

From Monday November 4th thru Sunday November 17th - 29 single family homes went to contract  in the Catalina Foothills of Tucson, AZ  (link expires 12/19/2019)

18 were priced from $275,000 to $579,900
  7 from $625,000 to $975,000
  4 from $1,049,000 to $1,995,000

Not bad for November, particularly at $1,000,000+ where there are now 11 homes in contract priced from $1,049,000 to $1,995,000, 

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, 10/21 - 11/03/2019

From Monday October 21st thru Sunday November 3rd - 33 single family homes went to contract  in the Catalina Foothills of Tucson, AZ  (link expires 12/11/2019)

22 were priced from $182,500 to $579,000 
  9 from $615,000 to $995,000
  2 at $1,469,000 & $1,595,000

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Catalina Foothills Home Sales and Sold Prices this year, 2019

Happy November!

The following charts track the number of single family homes sold and median sold prices in the Catalina Foothills of Tucson, AZ from January thru October of each year from 2004 thru 2019.
The home sales and sold price numbers are based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represent all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

The charts are pretty clear, other than the tiny segment of the market that is priced at $1,000,000 and UP, the real estate market in the Catalina Foothills is doing well and continues to improve.

First up is the number of single family homes sold for up to $999,999 - with 93% of all the homes sold
this price range is the Catalina Foothills market. 

 

 though it has improved somewhat in the last few years, with just 51 sales at $1,000,000 & UP, it is lonely at the top

Median Sold prices recently inched up to $497,900 from $495,000, where they'd been all year

There you have it, no surprises, the market is doing nicely and improving slowly and steadily.  

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to find your very own Catalina Foothills Home

in contract last week, 10/14 - 10/20/2019

From Monday October 14th thru Sunday October 20th - 18 single family homes went to contract  in the Catalina Foothills of Tucson, AZ  (link expires 11/27/2019)

14 were priced from $275,000 to $580,000
 2 at $750,000 & $899,900
 2 at $1,095,000 & $1,500,000

Tidbit, So far this year;
496 homes sold from - $0 to $599,999  V. 474 same period last year
189 sold from - $600,000 to $999,999    V. 176 last year
 50 sold from - $1,000,000 & up              V.   53 last year
A very stable market these last couple of years. 

And, the median sold price for all 735 sold this year is $495,000, exactly the same as it was last year. 

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to find your very own Catalina Foothills Home

in contract last week, 2/19 – 2/25/2018

From Monday February 19th thru Sunday February 25th  24 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link will expire 3/29/18)

15 were priced from $232,000 to $599,900
  8  from $643,900 to $895,000
  1 at $1,650,000

Those 24 homes were on the market for 39 median days before going to contract – a 62% jump in # of days on market from the previous week.

During that same week 31 new listings came on the market – priced from $310,000 to $2,150,000. And all 31 were new listings, not re-listed old listings – for a grand total of 330 single family homes for sale in the Catalina Foothills today.

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to find your very own Catalina Foothills Home

in contract last week, 2/12 – 2/18/2018

From Monday February 12th thru Sunday February 18th  22 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link will expire 3/22/18)

16 were priced from $325,000 to $539,000
  6 from $615,000 to $949,000
and that’s it. a rare week with nothing at $1.0+

The 22 homes that went to contract did so in 24 median days on market. 

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to find your very own Catalina Foothills Home

 

 

Median Sold Price Rises to $527,000

70 homes have sold since Jan 1 (from 1/1 – 2/15) and, incredibly enough, the median sold price for those 70 homes is $527,000.

And that is huge, because $527,000 is an 18% jump from 2017’s median sold price of $445,000. 

And, oddly enough, $4445,000 was also the median sold price for the 83 homes sold during the same 1/1 – 2/15 period in 2017.

So thinking I was on to something I looked at 2016 and the 2016 median sold price was $417,250 for the whole year. And it was $416,000 during the same 1/1 – 2/15 period. 

Seeing two years where median sold prices for the entire year were, it appeared, being  predicted by sold prices during the first 6 weeks made me wonder if I’d stumbled onto a fascinating new way to predict where the market is headed.

Wow!, was I onto something or what. Turns out, or what.

I checked 2013, 2014 and 2015. And my fascinating theory quickly fell apart. In each of those years the median sold price during the first 6 weeks of the year was not the same or even close to where it ended up for the entire year.

However, in every year the median sold price for the entire year was higher than it was during the first 6 weeks.

If that holds true this year, and I’m not saying it will, 2018 could experience the largest ever increase in home prices.

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to find your very own Catalina Foothills Home

in contract last week, 2/5–2/11/2018

From Monday February 5th thru Sunday February 11th  21 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link will expire 3/15/2018)

Something for everyone - a week of contracts priced from the bottom to near the top of the market.

11 were priced from $275,000 to $545,000
8 from $600,000 to $995,000
1 each at $1,249,000 & $2,950,000

Those 21 homes went to contract pretty quick, in 22 median days on market.

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to find your very own Catalina Foothills Home

in contract last week, 1/29 – 2/4/2018

From Monday January 29th thru Sunday February 4th  19 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link will expire 3/7/2018)

15 were priced from $312,500 to $500,000
3 from $619,000 to $990,000
1 at $1,395,000

12 of the 19 homes went to contract very quickly, from 1 to 24 days on market, or after just 11 median DOM (days on market)

The numbers for the previous week are HERE

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to find your very own Catalina Foothills Home

a quick peek at home sales so far this year

The following data is for all single family homes sold in the Catalina Foothills of Tucson Arizona during the first 4 weeks of this year and last year. However, keep in mind that most, if not all, of the sales are the result of deals that were made in November/December of the previous year, that is, 2017 and 2016.

2018
39 homes sold
$525,000 median sold price
sold in 28 median days on market
Lowest priced sale – $195,000
Highest – $2,200,000

vs.

2017
52 homes sold
$437,500 median sold price
sold in 69 median days on market
Lowest priced sale – $206,600
Highest - $1,100,000

So far,
- home sales this year are down 25% from last year
- median sold prices are up 20% over last year
- homes sold 59% faster this year than last year

And it’s just 4 weeks so we’ll see where things go from here; we will continue to track sales as the year progresses. Your questions, suggestions and comments are most welcome. Just click the Comments tab at the bottom of this post. 

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to find your very own Catalina Foothills Home

in contract the last 2 weeks, 1/15 –1/28/2018

From Monday January 15th thru Sunday January 28th  42 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link will expire on 2/28/18)

26 are priced from $244,900 to $550,000
13  from $615,000 to $950,000
3 from $1,049,000 to $2,399,000

A few comments on a few contracts;
A foreclosure with 4 acres on Sabino Canyon Rd listed for $245,000 went to contract in 36 days. Prior to this current listing it had been on and off the market from 2008, when it was listed for $1,200,000 (seriously,$1.2mil), until 2013 when it left the market listed at $324,500. During that time it was listed for $950,000, $900,000, $850,000, $820,000, $749,000 $450,000 and so on. But no one went for it until the bank came along and priced it to sell. It doesn’t always happen that way. Occasionally, when a property is listed way high and the price is reduced and reduced again it can be tempting to think that because of the drastic price cuts that the property is now a really good deal. And it may be, but often it’s not. It’s just a drastically overpriced property that has had a few big price cuts but still has a way to go. 

The slow rise in Catalina Foothills home prices is vividly illustrated by a home in Shadow Hills, one of the most popular subdivisions in the foothills. It sold for $350,000 in 2009 and one year ago it was listed for sale again, this time for $429,900. But no takers and after a few price cuts it got down to $365,000, and finally went to contract listed at $365,000. Essentially its 2009 price.

On the other hand; a luxury home in Skyline CC that had been on and off the market for about 6 years before it sold in 2016 for $2,100,000, was listed this January for $2,399,000 and went to contract in 14 days.

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to find your very own Catalina Foothills Home

in contract the 1st 2 weeks of 2018, 1/1–1/14/2018

From Monday January 1st thru Sunday January 14th  34 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 2/18/18)

23 were priced from $269,900 to $599,000
10 from $649,000 to $899,000
1 at $1,099,000

34 contracts during the 1st 2 weeks is a pretty good start to the new year. Though, not great, during the 1st 2 weeks of 2017 there were 41 contracts.

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to find your very own Catalina Foothills Home

sold prices, from peak to trough to now

I've mentioned previously that median sold prices in the Catalina Foothills had dropped 31% from their 2006 peak to their bottom in 2012, and that since then prices have inched up just 14%, resulting in a very weak price recovery.  But a big chunk of that 14% increase was due to prices rising 6.6% last year alone, in 2017.

And that is accurate, but it’s an overall figure, for all homes sold throughout the foothills. And as I’ve mentioned before, ‘…prices across the foothills do not march in lockstep. Some areas, price ranges and even individual homes, perform better or worse than others’.

So here’s a look at how much better or worse individual subdivisions performed during the peak year 2006 to the bottom in 2012 and then in 2017. The following figures are median sold prices for all single family homes sold in each subdivision during the full year shown.

Under the sold price is the % change from 2006 to 2012 and from 2012 to 2017.     
Click any of the highlighted subdivision names to see all the homes currently for sale.
** indicates just one home sold

Area	2006	2012	2017
All Foothills Sales	$570,000	$390,000 -31%	$445,000 +14%
Shadow Hills	$633,750	$425,000 -33%	$518,500 +22%
Pima Cyn	$1,766,500	$1,082,500 -39%	$1,105,000 +2%
Sin Vacas	$915,000	$625,000 -32%	$642,500 +3%
Catalina Fthls 1-9	$677,500	$530,000 -22%	$557,000 +5%
Catalina Fthls 10	$1,200,000	$992,500 -17%	$1,065,300 +7%
La Paloma Est	$2,475,000	$1,065,000 -57%	$1,078,750 +1%
La Paloma (not Estates)	$625,000	$472,500 -24%	$475,000 +a smidge
Cobblestone	no sales	$1,004,965**	$867,000 -14%
Canyons	no sales	$2,100,000	$1,789,348 -15%
Hacienda del Sol	$1,200,000	$767,500 -36%	no sales
Foothills ll	$1,062,000	$979,750 -8%	$1,257,500 +28%
Pinnacle Ridge	$952,500	$651,000 -32%	$775,000 +19%
Skyline CC	$1,000,000	$641,000 -36%	$612,000 -4%
Skyline Bel Air	$597,250	$345,500 -42%	$422,000 +22%
Alta Vista	$1,050,000	$845,000 -19%	$825,000 -2%
Cimarron	$722,500	$435,000 -40%	$604,000 +39%
Flecha Caida	$528,500	$343,000 -39%	$424,500 +24%
Fairfield	$560,000	$360,000 -35%	$430,000 +19%
Villages of Ventana	$485,000	$341,500 -19%	$380,000 +11%
Ventana Golf Villas	$619,900	$340,000 -45%	$495,000 +46%
Ventana Lake, Cyn Est, Whalebck	$1,150,000	$1,207,500 +5%	$775,000 -36%
Ventana Cyn Mountain Est	$2,212,500	$1,700,000** -23%	No sales
Sabino Mtn	$839,250	$319,950 -62%	$366,250 +14%

Nope, prices sure didn't march in lockstep, they’re all over the lot, both in how far they fell and how much they’ve recovered. Though there is some similarity in the subdivisions that are showing a stronger recovery. Mostly, they are moderately priced, long time favorites such as Shadow Hills, Fairfield, Pinnacle Ridge, Flecha Caida, Skyline Bel Air and Cimarron. Communities that are home to families and people who live and work in Tucson year round. And who therefore need to buy a home to have a place to live, rather than those communities that cater to a large number of 2nd home & retirement home buyers who are making a discretionary purchase, one that is usually not a must have purchase and can therefore be delayed and delayed indefinitely. There my be other reasons for the disparity, but that's my theory.

Nevertheless, this has been a painfully slow recovery, it's six years since prices hit bottom and we're still well below where they were in 2006. 

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to find your very own Catalina Foothills Home

2017 Catalina Foothills Home Sales

Home sales under $1,000,000 had another very good year and sales above $1,000,000 had another so-so year. No big surprises there, though I did expect the $1.0mil+ market to eek out a few more sales.

The numbers:
A grand total of 897 single family homes sold in the Catalina Foothills in 2017.

That is 8.2% more homes sold than in 2016 and a great deal more than every year since 2006.They sold quickly too, at a median of 39 days on market, 38% quicker than it took in 2016. And 2017 median sold prices are 6.6% higher than they were in 2016.

Broken down into two price ranges, homes sold up to $999,999 and those sold for $1,000,000 & UP, it looks like this;

First up, the number of homes sold up to $999k each year from 2004 thru 2017. Clearly, a market with impressive gains that has grown stronger year by year.

 

Next up, the number of homes sold at $1,000,000 & UP each year since 2004.
Well, the good news is, with 53 homes sold in 2016 & in 2017  (yes, 53 sold each year) sales for the last 2 years are higher than they’ve been since 2009. But not by much. And with sales still 57% below where they were in 2006, it is, frankly, a rather pathetic recovery for the upper-end market.

 

And, median sold prices.
2017 Median sold prices are UP an impressive 6.6% over 2016. However, since bottoming out in 2012 median sold prices are up just 14% since then – and 6.6% of that gain is thanks to 2017’s impressive numbers. Bottom line, other than 2017, sold prices have risen at a snails pace, though, perhaps and hopefully, that is finally changing. We’ll see.

Happy New Year!
see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 12/18 –12/24/17

From Monday December 18th thru Sunday December 24th  9 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 1/28/18)

6 were priced from $198,000 to $478,000
1 at $699,000
2 at $1,195,000 & $2,495,000

Depending on the sale price the contracts at $1.195 & $2.495 may end up being the highest sale price in 10 years in their respective subdivisions (Cobo Catalina Hills & Ventana Canyon Mountain Estates). Also noteworthy, they each went to contract in just 52 & 94 days, amongst the quickest sales in the last 10 years in their respective subdivisions.

Happy New Year!

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 12/11–12/17/2017

From Monday December 11th thru Sunday December 17th  16 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 1/19/2018

9 were priced from $269,900 to $575,000
5 from $645,000 to $953,000
2 at $1,100,000 & $1,395,000

A very active week for this time of year.

The numbers for the previous week are HERE

*Inventory is low, just 299 single family homes for sale in the Catalina Foothills today, but new listings should pick up after the new year.

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to find your very own Catalina Foothills Home

in contract last week, 12/4 – 12/10/2017

From Monday December 4th thru Sunday December 10th  12 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 1/13/18)

5 were priced from $269,000 to $359,000
6 from $600,000 to $950,000
1 at $1,145,000

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 11/20–11/26/17

From Monday November 20th thru Sunday November 26th (Thanksgiving week!) just 8 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 12/29/17)  

4 were priced from $310,000 to $595,000
2 at $600,000 & $699,000
2 at $1,099,000 & $1,100,000 (in 13 & 35 days on market)

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract the last 2 weeks, 11/6 – 11/19/2017

From Monday November 6th thru Sunday November 19th 31 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 12/20/2017)

16 were priced from $219,900 to $488,000
13 from $649,000 to $979,000
2 at $1,049,999 & $1,495,000

This is the first time in memory that the middle price range ($600,000 to $999,999) has nearly as many contracts as the lower end of the market.

Everything is selling (I exaggerate, not quite everything but nearly) homes that have just come on the market and homes that have been on almost 1200 days, they’re all selling.  
They didn’t sell last year or the year before but they’re selling now. The listings that are sometimes referred to as lifetime listings, yep, they’re selling. Why, the market is hot and inventory is tight which causes buyers to compromise and do deals they would not have done in years past. Because, if you want to buy a house you have to participate in the market that you’re in, not the market that you wish you were in. For years buyers held the cards and called the shots. It looks like the tables are turning.

The numbers for the previous week are HERE

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to find your very own Catalina Foothills Home

in contract last week, 10/30 – 11/5/17

From Monday October 30th thru Sunday November 5th 15 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 12/09/17)

*MDOM = Median Days on Market

11 were priced from $249,900 to $599,000 – 18 MDOM
4 from $794,900 to $835,000 – 32 MDOM
and that’s it

The numbers for the previous week are HERE

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to find your very own Catalina Foothills Home

The First 10 Months; Catalina Foothills Single Family Home Sales & Sold Prices

The following charts track single family home sales & sold prices in the Catalina Foothills for January – October of each year from 2004 to 2017.

First up, the number of homes sold up to $999,999

Thru October home sales up to $999k are UP nearly 13% over the same period in 2016 – and are now well ahead of every year since 2005.

And they sold quicker this year, 29% quicker than last year – in 44 median days on market v. 62 last year. Homes even sold quicker this year than in 2004 – 2005, when the market was going bonkers, 91 & 65 days on market then v. 44 now.

Next up, the number of homes sold at $1,000,000 or more

Sales at this price point have now been bouncing along the bottom for the past 9 years, 9 years with very little (hardly any) improvement, with sales up a little bit one year and down the next.

Look at it this way; More homes sold during January –October 2006 alone than in any consecutive 3 year period since then. 
2009 – 2011 = 105 sold for all 3 years
2012- 2014 = also 105 sold
2015 – 2017 = 110 sold
2006 – 112 sold

And finally, median sold prices for Catalina Foothills homes.

Thru October median sold prices are UP 5.7% over 2016  - the largest yearly increase since 2013.

And they are also UP over every year since 2009, but not by all that much – they’re UP a measly 14% since hitting bottom in 2012 – 5 long years and prices have only risen 14%.
But, as noted above, they are UP 5.7% over last year, that’s 5.7% in one year. And maybe just maybe, with the very healthy increase in sales over last year (at under 1$million) we will continue to see a healthy increase in sold prices.

Please keep in mind that sales and sold prices do not perform uniformly throughout the Catalina Foothills. Some areas, some homes, some price ranges perform better or worse than others. The median numbers are only indicative of the overall Foothills market.

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to find your very own Catalina Foothills Home

in contract last week, 10/23–10/29/17

From Monday October 23rd thru Sunday October 29th  18 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 12/02/17)

MDOM = Median Days on Market

10 were priced from $215,000 to $499,000 -  65 MDOM
6 from $699,600 to $985,000 – 8 MDOM
1 each at $1,549,000 & $1,550,000 – 22 & 1228 Days on Market

!8 contracts, not a particularly large number of contracts for this time of year. But what is significant, I think, because it is the kind of thing that doesn’t happen unless the market is hot or heating-up, is some of the homes that did go to contract last week;

- a home that has many interior and exterior steps, steps from here to there and back again. A feature that typically means a long time on the market before a willing buyer comes along, but not this time.

- a graceful and large (7000+ sf on 6+ acres) estate built in the 1950’s that I’m guessing may have been bought by a builder to tootsie up the main house, split the 6 acres into 3 or 4 parcels and build new homes.

- a home in Pima Cyn that went to contract in 22 days priced at more than $350/sf. If it sells for $325/sf or more, and I expect it will, it will be amongst the top 2 or 3 or 4 $$/sf sales in Pima Cyn in the last 5 years. And priced at $1,549,000 and going to contract after just 22 days is nothing to sneeze at either.

- a spec home priced at $985,000 went to contract in 3 days.

- 6 of the 18 homes went to contract in less than 10 days.

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 10/16 – 10/22/17

From Monday October 16th thru Sunday October 22nd  17 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 11/25/17)

MDOM - is Median Days On Market

15 were priced from $289,900 to $599,950 – in 37 MDOM
1 at $615,000 – in 116 days on market
1 at $1,395,000 – in 798 days on market

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

The Catalina Foothills market is heating up

Looking only at recent sales, from 9/15 – 10/21

-sales of single family homes are UP 31% over the same period last year. 76 v. 100 sold this year.

-more homes are selling quicker – last year 19 homes sold  in 10 days or less, v. 32 this year

-the total $$ value of the homes sold last year was;
$37,266,334 
this year it’s $49,469,659,  a 32% increase.

why stop there, let’s see what the market did in 2015 v. this year

- sales are UP 49% this year v. 2015 – 67 v. 100 sold this year.

- in 2015 11 homes sold in 10 days or less v. 32 this year

- in 2015 the total dollar value of homes sold was;
$30,103,144 v. $49,469,659  this year, a 64% increase.

Median sold prices are also up a wee bit;
they’re up nearly 5% since last year
and up 7% since 2015.

When 1/3 of the homes selling are selling in 10 days or less, it’s a sure sign the market is heating up.

Also, of the 102 homes currently in contract, 37 went to contract in 10 days or less.

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract the last 2 weeks, 10/2 – 10/15/2017

From Monday October 2nd thru Sunday October 15th  33 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 11/18/17)

MDOM is Median Days On Market

23 were priced from $219,900 to $585,000 – in 10 MDOM
7 from $600,000 to $899,950 – in 197 MDOM
3 from $1,150,000 to $1,295,000 – in 20 MDOM

197 MDOM, WOW, that's a lot of days on market. But instead of seeing it as a home taking forever to sell, how about seeing it this way;
the market is so Hot that homes that were passed over before are getting a second glance now. 
It happens, and I think that is what is happening now. Low supply/high demand and buyers are forced to compromise more than they would like to  -  and the homes that have been sitting around for months start to look more appealing. 

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 9/25 –10/1/2017

From Monday September 25th thru Sunday October 1st 22 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 11/7/17)

MDOM is Median Days On Market

17 were priced from $284,450 to $595,000 – in 17 MDOM
3 from $699,000 to $869,000 – in 11 MDOM
1 each at $1,250,000 & $1,900,000 – in 30 MDOM

Buyers didn't dilly-dally last week.

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

 

The First 9 Months; Catalina Foothills Single Family Home Sales & Sold Prices

The following charts track single family home sales & sold prices in the Catalina Foothills for January – September of each year from 2004 to 2017.

First up, the number of homes sold up to $999,999 – the brightest spot in the Catalina Foothills market. And thank goodness, it's also the bulk of the market. 

Thru September home sales up to $999k are UP nearly 12% over the same period in 2016 – and are ahead of every year since 2005.
And they sold quicker this year, 36% quicker than last year – in 41 median days on market v. 64 last year. And get this, they even sold quicker this year than in 2004 – 2005, when the market was going thru the roof, 89 & 62 days on market then v. 41 this year.

Next up, the number of homes sold at $1,000,000 or more

In September sales at $1million+ picked up and regained the lead, though by just a nose, over 2016 sales for the same period. And I’ll say it again, while sales this year are ahead of every year since 2008, the lead is awfully slim (and, I think,fragile). The $1million+ market today is still down 60% from where it was in 2006. Interesting tidbit though, 39 homes sold thru September his year in 112 median days on market – 99 homes sold during the same period in 2006 in 175 days on market. Hmm!

And finally, those stubborn median sold prices for Catalina Foothills homes.

Thru September median sold prices for the overall Catalina Foothills market are up 7% over 2016. Hip-hip…And, since hitting bottom in 2012, they’re up 15.4% – after 5 long years of a snails pace recovery.

But please keep in mind that sales and sold prices do not perform uniformly throughout the Catalina Foothills. Some areas, some homes, some price ranges perform better or worse than others. The median numbers are only indicative of the overall Foothills market.

For an example of how different subdivisions have performed this year see; Catalina Foothills, median sold prices by subdivision

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to find your very own Catalina Foothills Home

in contract last week, 9/18 – 9/24/17

From Monday September 18th thru Sunday September 24th 24 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 10/29/17)

Many homes are selling very quickly, and the pace appears to be accelerating, and I think it would be useful to show median days on market figures for each price range. So here we go.
median days on market – MDOM
days on market – DOM (when there’s just one home in contract)

 17 were priced from $183,000 to $539,000 – 18 MDOM
  6 from $699,000 to $999,900 – 184 MDOM
  1 at $1,249,000 – 112 DOM

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

Catalina Foothills, median sold prices by subdivision

So far this year the median sold price for single family homes sold across the foothills is $447,000 - on 655 sales that sold in a rather quick 45 median days on market.

That’s a 6% rise in median sold prices over the same period in 2016, with 9.5% more homes sold this year, that sold in 31% fewer days on market than last year. All in all a very nice improvement.

But sold prices across the foothills do not march in lockstep, they vary by subdivision, by home price and, most importantly, by market demand at that time.

Here’s a look at how median sold prices, etc. have performed this year v. last year in a selection of popular individual subdivisions across the Catalina Foothills. Sales data is for homes  sold 1/1 – 9/24 each year. Click any subdivision name to see all the homes currently for sale. 

Shadow Hills
2016 – 22 sold, median sold (MS) $501,000 in 25 days
2017 – 24 sold, median sold (MS) $538,500 in 66 days
Median sold UP 7.5%

Foothills Clusters
2016 – 9 sold, MS $325,000 in 8 days
2017 – 11 sold, MS $315,000 in 10 days
MS DOWN -3%

Sin Vacas
2016 – 8 sold, MS $724,160, in 276 days
2017 – 7 sold, MS $685,000, in 84 days
MS DOWN -5.4%

Catalina Foothills Estates
2016 – 44 sold, MS $525,000 in 57 days
2017 – 51 sold, MS $550,000 in 70 days
MS UP 4.8%

Pima Canyon
2016 – 5 sold, MS $1,500,000 in 98 days
2017 – 7 sold, MS $1,225,000 in 139 days
MS DOWN  -18%

Catalina Foothills Estates 10
2016 – 5 sold, MS $990,000 in 62 days
2017 – 7 sold, MS $1,090,600 in 63 days
MS UP 10%

La Paloma
2016 – 29 sold, MS $610,000 in 78 days
2017 – 35 sold, MS $430,000 in 92 days
MS DOWN a whopping -29%

Skyline CC
2016 – 13 sold, MS $789,000 in 158 days
2017 – 16 sold, MS $567,500 in 42 days
MS DOWN ditto –28%

Skyline Bel Air
2016 – 14 sold, MS $433,750 in 36 days
2017 – 27 sold, MS $419,000 in 50 days
MS DOWN –3.4%

Flecha Caida
2016 – 19 sold, MS $375,000 in 134 days
2017 – 21 sold, MS $424,000 in 43 days
MS UP 13%

Cimarron
2016 – 13 sold, MS $549,000 in 90 days
2017 – 18 sold, MS $604,000 in 83 days
MS UP 10%

Finisterra
2016 – 7 sold, MS $907,000 in 45 days
2017 – 7 sold, MS $592,288 in 106 days
MS DOWN –10%

Fairfield
2016 – 18 sold, MS $442,500 in 65 days
2017 – 13 sold, MS $440,000 in 53 days
MS DOWN a teeny bit (-0.56%)

Villages of Ventana
2016 - 8 sold, MS $323,517 in 47 days
2017 – 7 sold, MS $355,000 in 31 days
MS UP 9.7%

Ventana CC
2016 – 20 sold, MS $639,575 in 86 days
2017 – 19 sold,MS $625,000 in 37 days
MS DOWN –2.3%

Sabino Mountain
2016 – 11 sold, MS $369,000 in 94 days
2017 – 7 sold, MS $363,500 in 47 days
MS DOWN –1.5%

Looking at the number of home sold, sold prices and days on market in individual subdivisions is not so neat and tidy as they are for the overall foothills market. Due to the wide variety of homes within many individual subdivisions, the fluctuation in median sold prices from one year to the next, UP or DOWN, are, I believe, more a reflection of higher or lower priced homes sold during that period than they are of a rise or fall in home prices or values within those communities. There are however some exceptions; in the few subdivisions that tend to be more cookie cutter, median sold prices are, to a greater degree, more likely to reflect a rise or fall in home values. 

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

 

 

in contract last week, 9/11 – 9/17/2017

From Monday September 11th thru Sunday September 17th 18 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 10/21/17)

12 were priced from $224,500 to $499,899
4 from $620,0000 to $899,900
2 at $1,070,000 & $1,780,000

A bit of an uptick in contracts v. the previous 2 weeks. The $1,780,000 deal is in Skyline CC – the biggest Skyline deal this year!

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

 

in contract last week, 9/4 – 9/10/2017

From Monday September 4th thru Sunday September 10th a measly  13 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 10/13/17)

8 were priced from $239,000 to $599,000
4 from $600,000 to $900,000
1 at $1,100,000

Another very quiet week for Catalina Foothills real estate. And interesting, it's the lower end of the market that's been going great guns that has dropped the most. Not sure why, last September was much busier. But it looks like it’s picking up, since Monday 9/11, 11 homes have already gone to contract, including one biggie at $1,780,000.

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 8/28 - 9/3/2017

From Monday August 28th thru Sunday September 3rd just 10 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 10/7/17)

6 were priced from $225,000 to $497,500
2 at $624,000 & $695,000
2 at $1,150,000 & $1,250,000
The $1,250,000 contract is on a home in Skyline CC reputed to have been owned by both Dean Martin & Alice Cooper, which I mentioned when it was for sale in 2012.

10 contracts is the fewest weekly contracts I ever remember seeing. But still, I doubt it’s anything more than ‘just one of those (extremely) slow weeks’. Who knows, we’ll see.

The much better numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

The First 8 Months; Catalina Foothills Single Family Home Sales & Sold Prices

The following charts track single family home sales & sold prices in the Catalina Foothills for January – August of each year from 2004 to 2017.

First up, the number of homes sold up to $999,999

Thru August home sales up to $999k are UP nearly 11% over the same period in 2016 – and are ahead of every year since 2005.
They also sold quicker this year, 31% quicker than last year – 43 median days on market v. 63 last year.

Next up, the number of homes sold at $1,000,000 or more

Well, in August, sales at $1million+ lost ground again. Thru June big $$$$ sales were UP 24% over 2016, then, thru July, that number dropped to an 18% lead. Now, thru August, sales at $1million+ are actually down a teeny bit, -2.7%, (- 1 sale) v. 2016. And while sales this year are still ahead of every year since 2008, they’re lead is pretty slim (and fragile) and nothing to brag about. 

And those stubborn median sold prices for Catalina Foothills homes

While sold prices are still Up over 2016 they're now up less than they were. Thru this July sold prices were UP 9% over 2016, and now they’re UP by 7%. And still miles away from where they were in 05 – 08.

But look at the bright side. While it’s true that we’re dealing with snail’s pace price appreciation (up just 16% since hitting bottom in 2012) much of the rest of the country is fretting that prices are too high and are entering bubble territory, places where prices have long ago met or exceeded their 05 – 07 peak and are now in danger of bursting (again).

The July report is HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 8/21– 8/27/17

From Monday August 21st thru Sunday August 27th, 22 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 9/29/17)

15 were priced from $279,900 to $585,000
6 were priced from $649,000 to $889,000
1 mega deal at $1,100,000

An impressive # of contracts for a hot week in late August – a time not known for robust real estate activity. And the pickins are slim too – just 291 single family homes for sale in the Catalina Foothills.

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

11 Years later and we’re still not there

Median sold prices in the overall foothills market peaked in 2006 at $570,000, and bottomed out in 2012 at $390,000. And now, thru July of this year, they are at $450,000. That’s a drop of 31% from 2006 to 2012 and a 15% rise from 2012 to today - for the overall foothills market.

But the foothills market is wide and varied and prices in individual subdivisions have performed differently, often wildly differently, from the overall market. See for yourself, check out the numbers for individual subdivisions below.

The median sold prices shown are for January – July of each year.
The % reflects the drop in median sold prices from 2006 to 2012 and the change, up or down, from 2012 to 2017. (click any subdivision name to see all the homes currently for sale – continuously updated)

Shadow Hills
2006 – $646,500
2012 – $420,000 (-35%)
2017 – $560,000 (+33%)

Catalina Foothills Estates 1 –9
2006 - $665,000
2012 - $529,250 (-20%)
2017 - $550,000 (+4%)

Catalina Foothills Estates 10
2006 - $1,092,500
2012 - $843,500 (-23%)
2017 - $1,090,600 (+29%) ding-ding-ding, Cat 10 is back to 06 prices.

Sin Vacas
2006 - $895,000
2012 - $675,000 (- 24%)
2017 - $645,000 (– 4%)

Pima Canyon
2006 -  $2,050,000
2012 - $1,075,000 (- 47%)
2017 - $1,237,500 (+15%)

Cobblestone
2006 – 0 sales
2012 - $1,004,965 (1 sale)
2017 - $967,500 (-3.7%) (well, at least there were 4 sales this year)

La Paloma
2006 - $625,000
2012 - $400,000 (- 36%)
2017 - $430,000 (+4.5%)
Worth noting; during the same Jan – July period in 2016 La Paloma median sold prices were $610,000 (+52% over 2012)

Hacienda del Sol Est
2006 - $1,550,000 
2012 - $800,000 (- 48%)
2017 – No Sales

Pinnacle Ridge
2006 - $1,005,000 
2012 - $651,000 (- 35%)
2017 - $775,000 (+19%)

Skyline CC Estates
2006 - $1,082,500
2012 - $641,000 (- 41%)
2017 – $595,000 (-7%)
The big difference in Skyline (and other communities with mega mansions) between 2006 and now is that back in 06 the really big $$$$ mega mansions were selling and now, for the most part, they’re not.

Skyline Bel Air
2006 - $597,250
2012 - $350,000 (- 41%)
2017 - $422,000 (+21%)

Cimarron
2006 - $745,000
2012 - $478,000 (-36%)
2017 – $613,000 (+28%)

Fairfield/Sunrise
2006 - $543,750
2012 - $335,000 (- 38%)
2017 - $440,000 (+31%)
During the same period in 2016 median sold prices were also $440,000.

Ventana CC
2006 - $1,036,250
2012 - $425,000 (- 59%)
2017 - $650,000 (+53%)

Sabino Mountain
2006 - $914,250
2012 - $268,400 (-70%)
2017 - $594,000 (+121%)

Every subdivision took a hit – some much bigger than others – and, incredibly, none (except Cat 10) are back to where they were, or even close to where they were, 11 years ago.

I posted this same report last August, click HERE to compare last years numbers with this years.
**last years figures for 2006  & 2012 for the overall foothills market are slightly different than this years due to the change in boundaries for the Foothills area. The individual subdivision numbers, however, remain unaffected. 

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 8/14 – 8/20/17

From Monday August 14th thru Sunday August 20th, 20 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 9/21/17)

13 were priced from $279,900 to $549,000
4 from $659,000 to $850,000
3 from $1,099,000 to $2,000,000

Who said August is slow.

$2million for a spec home in Alta Vista is big news – since 2004 just 3 comparably big $$$$ sales in there at $1,675,000, $1,850,000 & $2,185,000. And along with this one none of them sold during the 2005 – 2006 feeding frenzy at the high-end of the market. They sold in October 2008, October 2009, and June 2011. Odd, but true.

The less impressive numbers for the previous week are HERE

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to find your very own Catalina Foothills Home

in contract the last 2 weeks, 7/31– 8/13/2017

From Monday July 31st thru Sunday August 13th, 33 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 9/14/17)

29 were priced from $224,000 to $595,000 (the still HOT segment of the market)
4 from $635,000 to $995,000
and that’s it! (nothing with $7 figures & 68 still for sale and only about half that (35) sold since Jan 1- Brrr!)

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

Due to the recent decision by the MLS to expand the boundaries of the North area (formerly the Catalina Foothills) - all the way west to the I-10, and therefore way beyond the boundaries of the Catalina Foothills – starting today all Catalina Foothills home searches, sales reports and other market data will include only homes in 85718 & 85750 – which, anyway, has always been the heart and soul of the Catalina Foothills. And will not include the small sliver of 85704 that was previously included in the North area. For more information and to see a map of the old and new North area click HERE

The First 7 Months; Catalina Foothills Single Family Home Sales & Sold Prices

The following charts track single family home sales & sold prices in the Catalina Foothills for January – July of each year from 2004 to 2017.

First up, the number of homes sold up to $999,999

The good news is that thru July sales are UP 6% over the same period last year. But, we have lost a little ground. Thru June sales were Up 8.4% over last year. July sales this year lagged July 2016 sales by 10%, hence the lost ground. No biggie, month to month sales jump up and down. And sales thru July this year are higher than every year since 2005 – and we’re now just 16% below 2005's record sales.

Next up, the number of homes sold at $1,000,000 or more

Thru July sales at $1,000,000+ are Up 18% over last year. But, here again, the $1,000,000+ market lost some ground in July. Thru June $1,000,000+ sales this year were UP 24% over 2016. Nevertheless, $1,000,000+ sales are (still) higher this year than every year since 2008.
However, ditto to my comment last month, with 70 homes still for sale and (only) 33 sold in the last 7 months, it is still a market that has a long way to go.

Finally, the best for last, Median sold prices for Catalina Foothills homes

Thru July median sold prices this year are Up 9% over 2016 - thru June they were UP 8.4%. And they’re UP (a teeny bit) 1+%, over this June. And for the month of July, 2017 median sold prices are UP almost 11% over July 2016. So prices are UP and, from the look of things, I would not be surprised if they continued to rise.

The June report is HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

 

in contract last week, 7/24 – 7/30/17

From Monday July 24th thru Sunday July 30th, 20 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 9/2/17)

14 were priced from $239,000 to $500,000
3 from $633,000 to $995,000
3 from $1,025,000 to $1,250,000

An awfully good week for the end of July.

The numbers from the previous week are HERE

The number of single family homes for sale in the Catalina Foothills continues to dwindle, now just 319. Last year at this time there were 418.

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 7/17 – 7/23/17

From Monday July 17th thru Sunday July 23rd, 15 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 8/28/17)

14 were priced from $179,900 to $550,000
1 at $745,000
and that’s it.

A slow week in the middle of July, whodathunkit!

The numbers for the previous week are HERE

Maybe there just aren’t enough homes to choose from, with homes priced from $180,000 all the way up to $4,900,000, and just 330 homes for sale, that’s a lot of ground to cover.

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in contract last week, 7/10 – 7/16/17

From Monday July 10th thru Sunday July 16th, 24 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 8/18/17)

19 were priced from $259,900 to $599,000
  5 from $674,995 to $730,000
and that’s it. A (rare) week with nothing at $1.0+

And, aside from no deals at $1.0+,  there goes my observation that we are in the doldrums of a summer slowdown. 24 contracts is not shabby.

The numbers for the previous week are HERE

The number of homes for sale keeps dropping, now at 335 single family homes for sale in Catalina Foothills.

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

in your favorite Catalina Foothills subdivision, July 2017

With the winter/spring selling season behind us it’s a good time to check out how different Catalina Foothills subdivisions fared during the first 6 months (1/1 – 6/30/17) – our busiest time of year. The following is a snapshot of market activity in a variety of subdivisions across the Catalina Foothills.
Click any of the highlighted subdivision names to see all the homes currently for sale – continuously updated.

Let’s start with

Alta Vista

6 homes for sale  from $649,000 to $995,000 + one at $2,000,000
median list price $902,500

0 homes in contract

9 homes sold from $575,000 to $950,000
median sold price $765,000

AV enters our slower summer market with a tidy 4 month supply of homes. And, except for the $2.0 listing, with list and sale prices that are more or less in accord.

Foothills Clusters

Gone Fishing! Nothing for sale

2 homes in contract at $275,000 & $360,000
median list price $317,500

8 homes sold from $245,000 to $375,000
median sold price $318,000

The 8 homes that sold sold in just 14 median days on market.

Skyline Bel Air
7 homes for sale from $385,000 to $775,000
median list price $608,500

3 homes in contract from $399,900 to $525,000
median list price $465,000

14 homes sold from $285,000 to $750,000
median sold price $419,500
Last year at this time there were 10 homes for sale and just 4 sold in SBA, a 15 month supply of homes. This year there’s a squeaky tight 3 month supply. But, with a big gap between median list and median sold prices. Why, because every year more and more homes are renovated and relisted (flipped) at higher prices and the upper-end in SBA (around $700k+) is meeting some resistance. Since 2012 114 homes have sold in SBA, but just 4 of them sold for $700k or more. Nevertheless, it may take a little longer but I have no doubt (or very little anyway) that sales at $700k+ will become more commonplace. The potential and the location-location is just too good to keep it down.

Shadow Hills
4 homes for sale from $425,000 to $659,000
median list price $642,500

8 homes in contract from $395,000 to $600,000
median list price $512,450

14 sold from $405,000 to $765,000
median sold price $560,000

As popular as ever Shadow Hills has barely a 2 month supply of homes for sale.

Pima Canyon
14 homes for sale from $799,000 to $2,000,000
median list price $1,219,500

1 home in contract at $1,049,000

6 homes sold from $840,000 to $1,500,000
median sold price $1,237,500 
The good news is that median list and sold prices are in sync, but there’s a lot more for sale than has sold in the last 6 months (our busiest time of year) and it’s now the middle of July. And sales for the first 6 months of this year beat the pants off last years' numbers, just 2 sold from Jan – June.  

Sin Vacas (not including Villa Milano)
4 homes for sale from $562,000 to $1,445,000
median list price $860,000

1 home in contract at $799,000

5 homes sold from $450,000 to $787,000
median sold price $600,000
With just under 5 months of inventory + 1 in contract SV is holding its own.

La Paloma 
23 homes for sale from $299,000 to $1,249,000
median list price $539,000

3 homes in contract from $399,000 to $539,800
median list price $539,800

and the winner is La Paloma, with a whopping
29 homes sold from $258,000 to $1,115,000
median sold price $430,000
Which, if nothing else, speaks to the popularity of La P.
A beautiful place in a great location with a choice of homes in just about every price range.

Flecha Caida
12 homes for sale from $345,000 to $950,000
median list price $602,450

5 homes in contract from $349,000 to $680,000
median list price $439,000

12 homes sold from $290,000 to $666,000 + 1 at $900,000
median sold price $417,500.
Homes are selling in Flecha but mostly at the lower to lower middle end of the market. Since Jan 1, 2012, 129 homes sold in Flecha at a median sold price of $400,000, and just 5 of them sold at $700k or more.

 

Catalina Foothills Estates 10
8 homes for sale from $925,000 to $2,495,000
median list price $1,224,250

0 homes in contract

6 homes sold from $525,000 to $1,300,000
median sold price $1,065,300
An 8 month supply of homes for Cat 10, not bad for a community of mostly upper-end homes. The home that sold for $525k is technically in the Cat 10 subdivision, but only technically. It is located on Hacienda del Sol Rd and is not accessible from nor located within the gated area of Cat 10.

Cimarron
10 homes for sale from $350,000 to $1,095,000
median list price $602,500

3 homes in contract from $500,000 to $849,900
median list price $650,000

11 homes sold from $338,999 to $1,010,000
median sold price $650,000
Just under a 6 month supply of homes for sale, and list and sold prices that are on the same page.

Fairfield
3 homes for sale from $353,900 to $500,000
median list price $374,500

1 in contract at $270,000

13 homes sold from $254,000 to $625,000
median sold price $440,000

With just over a 1 month supply of homes it’s a strong sellers market in Fairfield. The 13 sold sold in just 53 median days on market.

Ventana CC
17 homes for sale from $400,000 to $4,900,000
median list price $995,000

1 home in contract at $624,000

16 homes sold from $380,000 to $1,647,313
median sold price $655,000
Overall, sales were quite good in Ventana. But there are still 8 homes for sale from $1,100,00 to $4,900,000. And that may take a while.

And that’s it! Thanks for tuning in.
Contact me if you have any questions.

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

 

in contract last week, 7/3–7/9/17

From Monday July 3rd thru Sunday July 9th, just 13 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link expires 8/12/17)

10 were priced from $189,500 to $565,000
  2 at $635,000 & $749,900
  1 at $1,000,000

This is the 2nd week in a row with the number of contracts in low teens v. the mid twenties a few weeks ago. No worries, it”s a summer thing, it’ll pass.

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home

In contract last week, 6/26 – 7/2/17

From Monday June 26th thru Sunday July 2nd, just 14 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link will expire 8/7/17)

10 were priced from $295,000 to $539,900
  3 from $650,000 to $799,000
  1 at $1,049,000

14 homes to contract is a pretty big drop in contracts from recent weeks. The doldrums of summer may finally be upon us. If you’re a buyer it’s a good time to buy, because there are fewer buyers, less competition but, on the other hand, also fewer homes to choose from as fewer sellers are listing their homes at this time of year. Currently, just 358 homes for sale in the Catalina Foothills. A low for the year and not likely to go up much, if at all, until September or October.

The numbers for the previous week are HERE

see TheFoothillsToday.com
to find your very own Catalina Foothills Home