The following chart is a snapshot of current activity in the Catalina Foothills single family home market 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. The numbers shown are based on homes listed with the Multiple Listing Service of Southern Arizona - MLSSAZ.
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.
I usually update the Market Snapshot every 10 days or so, (updated May 25, 2022)
| List Price | # For Sale |
# in Contract |
# Sold | MOI |
|---|---|---|---|---|
| $0 - $399,999 | 0 | 3 | 4 | 0 |
| $400k - $599,999 | 2 | 24 |
9 |
-1 |
| $600k - $799,999 | 11 | 15 | 26 | -1 |
| $800k - $999,999 | 8 | 19 | 11 | -1 |
| $1.0 - $1,249,999 | 5 |
5 | 7 | -1 |
| $1.250 - $1,499,999 | 15 | 7 | 9 | -2 |
| $1.5 - $1,999,999 | 6 |
3 |
4 |
1+ |
| $2.0 & UP | 24 |
6 | 1 | 24 |
| Total Market | 71 | 82 | 71 |
1 |
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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And now, yearly sale and price numbers for Catalina Foothills Single Family Home Sales for each year from 2015 thru 2021
First up, the number of homes sold for up to $999,999, the lion's share (80%) of the Catalina Foothills Single Family Home Market.
With demand for homes surging in 2021 sales nevertheless dropped from 844 in 2020 to 777 in 2021 due to the extremely low supply of homes for sale, the #1 issue that continues to afflict the market to this day, March 15, 2022.
Next up, the market at $1million & UP. After dropping from its 2006 high and bouncing along the bottom for years, until the 2nd half of 2020, when it began to take off with cash buyers arriving here to escape more congested parts of the country. And then, in 2021, it continued to heat up and blew the doors off all prior sales records. (2006, 126 sold at $1M+ / 2021, 183 sold at $1M+) And, like the market at under $1M, it is apparent that this market would be selling even more homes if there were more homes to sell.
Median Sold prices are also way up for 2021
Shattering all records, single family homes, at all prices, sold faster in 2021 than ever before.
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That's it, a snapshot of the current Catalina Foothills Single Family Home market, plus, for perspective, a longer term view.
Contact me if you have a question or would like my help navigating the market.
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
