The following chart is a snapshot of the current single family home market in the Catalina Foothills of Tucson, AZ.
Included is the number of homes currently for sale, in contract, and sold in the last 30 days - broken down into five 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 becomes a sellers market - 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.
I (usually) update it weekly. (updated 5/31/2019))
| List Price | # For Sale | # in Contract |
# Sold | MOI |
|---|---|---|---|---|
| $0 - $599,999 | 115 | 94 |
54 |
2 |
| $600 - $999,999 | 118 | 41 | 26 | 4.5 |
| $1.0 - $1,499,999 | 45 |
9 | 2 | 22 |
| $1.5 - $1,999,999 | 15 |
1 |
4 |
4 |
| $2.0 & UP | 23 |
1 | 0 | ? |
| Totals | 316 | 146 | 86 |
3.7 |
______________________________________________________
And now the big picture, a comparison of the number of homes sold and sold prices in the1st Qtr. of each year from 2004 (or 2005) to 2019.
First up is the number of homes that sold for up to $999,999;
Next up, the number of homes that sold for $1,000,000 and UP
And finally, Median sold prices for the 1st Qtr of each year from 2005 thru 2019
So far this year Single family home sales up to $999,999 are down -5.6% from last year and down -14.6% from 2017 -
and are within a hairs breadth of where they were in 2013.
While sales at $1million+ are exactly where they were last year and continue to bump along the bottom as they have done since landing there in 2009.
With very little upward movement (up 0.64%) so far this year sold prices that began to rise in 2013, and rose steadily until this year, still have a long way to go before getting back to where they were in 2005 - 2008.
All in all an uninspiring year so far for Catalina Foothills home sales.
Thanks for stopping by,
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
