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 10/17/2019))
| List Price | # For Sale |
# in Contract |
# Sold | MOI |
|---|---|---|---|---|
| $0 - $599,999 | 98 | 53 |
43 |
2 |
| $600 - $999,999 | 111 | 24 | 14 | 8 |
| $1.0 - $1,499,999 | 27 |
4 | 4 | 7 |
| $1.5 - $1,999,999 | 14 |
2 |
2 |
7 |
| $2.0 & UP | 23 |
0 | 1 | 23 |
| Totals | 273 | 83 | 64 |
4 |
______________________________________________________
And now the big picture, a comparison of the number of homes sold and sold prices from January thru August of each year from 2004 to 2019.
First up is the number of homes that sold for up to $999,999
Next up, the number of homes sold for $1,000,000 and UP during that same period
And finally, cumulative Median sold prices for January - August of each year from 2004 thru 2019
That's it, from where the market was to where it is today.
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
