The following chart is a snapshot of current activity in the single family home market of the Catalina Foothills in Tucson, AZ. - zip codes 85718 & 85750.
Included is the number of homes currently for sale, in contract, and the number sold in the last 30 days - broken down into 8 price ranges - with the resulting months of inventory (MOI) for each group. (6 MOI is considered a normal, balanced market. Much less than that and it veers into a sellers market - whereas, with much more it becomes a buyers market).
MOI is a basic measure of current supply and demand.
It’s a starting point to help you gauge the level of activity in the price range that interests you. I hope it helps and I look forward to your questions, comments and suggestions.
Based on current MOl today's foothills market is a strong sellers market - stronger than we've had since 2004 - 05.
I (usually) update the Market Snapshot every 10 days or so, (last updated October 17, 2020))
| List Price | # For Sale |
# in Contract |
# Sold | MOI |
|---|---|---|---|---|
| $0 - $399,999 | 3 | 12 | 13 | -1 |
| $400k - $599,999 | 34 | 49 |
38 |
-1 |
| $600k - $799,999 | 21 | 27 | 23 | 1 |
| $800k - $999,999 | 28 | 19 | 7 | 4 |
| $1.0 - $1,249,999 | 9 |
6 | 1 | 9 |
| $1.250 - $1,499,999 | 7 | 5 | 5 | -1 |
| $1.5 - $1,999,999 | 12 |
6 |
2 |
6 |
| $2.0 & UP | 24 |
0 | 2 | 12 |
| Totals | 138 | 124 | 91 |
1.5 |
CLICK HERE to Quickly Search and see all the Single Family Homes For Sale in your price range in the Catalina Foothills of Tucson, AZ.
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Plus, the bigger picture - Catalina Foothills Single Family Home Sales from Jan 1 thru September 31, from 2005 to 2020
First up is sales from $1 up to $999,999, the lion's share (93%) of the Catalina Foothills Single Family Home Market.
Next up, the number of homes sold at $1,000,000 & UP, better this year than any year since the glory days of 2005 - 2007 though still a ways off from those days ...
Median Sold prices this year are now, finally, higher than in 2006 - and up 14% over last year - that's huge.
Breaking all records, single family homes at all prices are selling faster this year than at any time in the last 15 years
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That's it, a short and long term look at the Catalina Foothills Single Family Home market.
To help you keep current on the Foothills home market you may want to checkout the contract numbers in my weekly blog post titled "in contract last week ... and the Market Snapshot numbers.
Contact me if you have a question or would like my help.
Thanks for stopping by.
Take care, stay well.
John Schneider, Realtor®
Catalina Foothills Homes
(520) 271-4164
johnschneiders@gmail.com
Tierra Antigua Realty, Foothills Office
1650 E. River Rd
Tucson, AZ 85718
see thefoothillsToday.com
to find your very own Catalina Foothills home
