The following chart is a snapshot of current activity in the single family home market of the Catalina Foothills in Tucson, AZ.
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 (up to about $1.5mil) is an extremely strong sellers market - stronger than I've seen since 2004 - 05.
I (usually) update the Market Snapshot every 10 days or so, (last updated August 5, 2020))
| List Price | # For Sale |
# in Contract |
# Sold | MOI |
|---|---|---|---|---|
| $0 - $399,999 | 4 | 14 | 11 | -1 |
| $400k - $599,999 | 38 | 37 |
38 |
1 |
| $600k - $799,999 | 35 | 33 | 22 | 1+ |
| $800k - $999,999 | 26 | 8 | 14 | 1+ |
| $1.0 - $1,249,999 | 7 |
2 | 5 | 1+ |
| $1.250 - $1,499,999 | 6 | 6 | 2 | 3 |
| $1.5 - $1,999,999 | 11 |
4 |
1 |
11 |
| $2.0 & UP | 24 |
4 | 0 | ? |
| Totals | 151 | 108 | 93 |
-2 |
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 June 30, from 2005 to 2020
First up is sales from $1 up to $999,999, which is the lion's share (93%) of the Catalina Foothills Single Family Home Market.
Next up, home sales at $1,000,000 & UP, a market that has yet to pull out of its slump.
And finally, Median sold prices continue to rise. They are now at 96.5% of their all time high in 2006.
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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 I suggest you check 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
