The Catalina Foothills

in contract last week, August 23 thru August 29, 2021

From Monday August 23 thru Sunday August 29 - 16 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/04/2021)

 3 were priced from $370,000 to $465,000
12 from $618,500 to $980,000
 1 at $1,649,000

The market, particularly at $1.0mil+, appears to have slowed a bit in the last few months - fewer contracts, fewer sales and a modest increase in the number of homes for sale. Traditionally, the Catalina Foothills residential market does slow down in the summer (when it's hot as hell). But since last summer, when the market actually picked up rather than slow down, we've grown so accustomed to our red hot market that a very normal seasonal slowdown may appear to be more than it is. 

That said, there is no way of knowing whether this is the normal slowdown that happens (almost) every summer or the cooling, for other reasons, of our red hot market. By the way, even though the market has slowed or cooled a tiny bit, at most price points it still meets every description of a red hot sellers market. 

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

Catalina Foothills listed & sold prices

here we go,
listed and sold prices for the 21 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from August 12 - August 25, 2021 thru the Tucson Association of Realtors® MLSSAZ (Multiple Listing Service of Southern Arizona)

List Price	Sold Price
$402,000	$402,618
$390,000	$405,000
$465,000	$470,000
$500,000	$481,000
$499,000	$499,000
$540,000	$530,000
$549,000	$559,000
$625,000	$621,500
$649,900	$635,000
$700,000	$700,000
$725,000	$712,000
$775,000	$740,000
$749,900	$808,000
$795,000	$830,000
$795,000	$845,000
$900,000	$900,000
$799,000	$960,000
$1,000,000	$1,000,000
$1,100,000	$1,100,000
$1,075,000	$1,250,000
$1,350,000	$1,350,000

So, still frothy, with 15 out of the 21 sales sold for list price or higher, including a couple a doozies - listed $749,900 went for $808,00 and listed $799,000 went for $960,000. Overall, 21 homes sold in 4 median days on market at $712,000 median sold price. 

However, in the previous 2 week period in July that I reported HERE there were 44 sales v. 21 in the current 2 week period. Summer slowdown or frothy market losing a bit of froth, or both?

Click HERE to see the 21 homes sold 8/12 - 8/25/2021
(link expires 9/25/21)

Take care. stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

in contract the last 2 weeks, August 9 thru August 22, 2021

From Monday August 9th thru Sunday August 22nd - 35 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 9/23/2021)

13 were priced from $450,000 to $599,900
16 from $619,900 to $975,000
 6 from $1,075,000 to $1,749,000

A pretty good haul for the middle of August, traditionally a very slow month.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

homes for sale in 85718

Once again in a recent email I received from Zillow they claim there are 183 homes for sale in 85718, one of the two zip codes that comprise the Catalina Foothills. I say once again because a few months ago (on April 30th) I received an email from Zillow that made the same exact claim - 183 homes for sale in 85718.

I said it then and I'll say it now, it just isn't so. There are not nearly 183 homes for sale in 85718. Nope

In fact today there are 63 single family homes for sale in 85718, through the Tucson Multiple Listing Service. If we include townhomes at 11, condos at 5 , mobile homes at 0 & manufactured homes at 0 the total comes to 79 homes for sale in 85718. That's it. Perhaps there are a few homes for sale by owner, probably. Though I haven't come across any FSBO's in 85718. 

Like I asked in April, 'hey Zillow, you're up to bat, where are those 183 homes for sale in 85718, where are they hiding' 
We'd love to have them, we sure could use another 100 homes for sale in the Catalina Foothills. 

And isn't it a bit uncanny that Zillow claimed there were 183 for sale in April and 183 now, in August? 

The following graphic is a screen shot of the email I received from Zillow. 

 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, July 26 thru August 8, 2021

From Monday July 26th thru Sunday August 8th - just  27 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 9/14/2021)

10 were priced from $385,000 to $560,000
11 from $600,000 to $985,000
 6 from $1,075,000 to $1,449,950

the somewhat slower pace of contracts that we've seen lately continues.. though hardly at all for homes priced at $1mil+

With fewer homes  going to contract there are now a few more homes listed for sale, now 99 single family homes for sale in the Catalina Foothills - more than there have been all year. Up til now the number of homes for sale ranged from the high 60's to the low 80's.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Catalina Foothills Home Sales Data January thru July 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru July 31st of each year from 2015 to this year, 2021.

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents about 80% of the Catalina Foothills single family home market, A market that has been solid and fairly stable in recent years. I attribute the slight decline in sales to an all-time low supply  of homes for sale, a predicament that began in spring of 2020 and has worsened this year.

yet sales at $1,000,000 & UP  are WAY UP.
At least part of the reason why more homes are selling at $1,000,000 & UP is that for so many years sales were so slow and so low and supply was so high, many homes that were listed did not sell, and now with much stronger demand many of those owners are listing their homes again. And selling them for prices they couldn't get back then..
Click HERE and scroll down to see how the $1,000,000+ market was doing from its high in 2006 to its low in 2015. 

Sold prices are up 40% from 2019 and 26% from 2020

And who knew that buyers and sellers could agree and make deals so quickly

 

If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.
Thanks for stopping by.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Catalina Foothills listed & sold prices

here we go,
listed and sold prices for the 44 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from July 19 - July 30, 2021 thru the Tucson Association of Realtors® MLS

List Price	Sold Price
$359,000	$350,000
$381,000	$405,000
$425,000	$440,000
$450,000	$441,000
$450,000	$450,000
$457,000	$460,000
$560,000	$500,000
$499,000	$500,000
$479,900	$508,220
$535,000	$520,000
$525,000	$525,000
$539,900	$538,000
$590,000	$591,375
$599,000	$600,000
$649,900	$629,519.01
$590,000	$635,000
$635,000	$635,000
$525,000	$635,800
$595,000	$646,000
$650,000	$675,000
$679,000	$680,000
$699,000	$715,000
$729,000	$729,000
$775,000	$750,000
$670,000	$750,000
$799,900	$760,000
$749,000	$780,000
$850,000	$850,000
$865,000	$850,000
$875,000	$875,000
$925,000	$925,000
$875,000	$950,000
$1,100,000	$1,050,000
$949,900	$1,060,000
$1,000,000	$1,100,000
$1,165,000	$1,165,000
$1,150,000	$1,170,000
$1,225,000	$1,170,000
$1,249,950	$1,200,000
$1,175,000	$1,200,000
$1,425,000	$1,495,000
$1,682,999	$1,550,000
$1,595,000	$1,590,000
$2,575,000	$2,500,000

Still a pretty frothy market with a great many homes selling for list price or more and doing so in just 6 median days on market with a median sold price of $722,000, higher than it's ever been. (Jan - June median sold price was $685,000)

Most of these sales are the result of deals that were made in the previous 20 to 45 days or so, from the beginning of June thru the middle of July. A period that, in normal times, is our slower summer season. But there was no slowdown last summer and so far not much of a slowdown this summer either. 

Click HERE to see the 44 homes sold
(link expires 9/02/2021)

and HERE to view the previous list & sold report

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

in contract last week, July 19 - July 25, 2021

From Monday July 19th thru Sunday July 25th - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/27/2021)

11 were priced from $390,000 to $599,000
 7 from $625,000 to $850,000
 2 at $1,075,000 & $1,100,000

A slight uptick in contracts last week,

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

 

in contract last week, July 12 - July 18, 2021

From Monday July 12th thru Sunday July 18th - 14 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/22/2021)

5 were priced from $381,000 to $590,000
7 from $600,000 to $900,000
2 at $1,195,000 & $2,500,000

 The slower pace of summer sales continues. And with it we're now seeing a slight rise in inventory - 87 single family homes for sale in the foothills today - a few more than we've seen at any time this year. 

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, July 5 - July 11, 2021

From Monday July 5th thru Sunday July 11th - 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/15/2021) 

6 were priced from $425,000 to $539,900
7 from $650,000 to $949,900
2 at $1,250,000 & $1,535,000

Since June 21st this is the 3rd week with fewer contracts than previous weeks. 
Last week I wondered, 'Summer slowdown? We'll see...'  
Now it is looking more like, yes, it is a summer slowdown. However, these 15 homes still went to contract quickly, just 5 DOM. And if this is a slowdown it is occurring later than usual. 

Summer slowdowns happen every year starting in late May or early June. It's the beginning of our off-season. Last summer, Covid summer of 2020, was the exception, as buyers came pouring in from other more congested cities, regardless of how hot is was here. 

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Catalina Foothills Single Family Home Sales Data for Jan 1 - June 30 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru June 30th of each year from 2015 to this year, 2021.

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents about 80% of the Catalina Foothills single family home market with 20% going to homes sold at $1,000,000 and UP.
A market that, other than last years pandemic induced slump, has been quite stable in recent years.

 

After years of scraping bottom the $million+ market has broken out and is doing astonishingly well this year. 

Median sold prices of homes that sold for up to $999,999 this year are 30% higher than in 2019 ($470k v. $616k) And when we look at the entire market, including the boost from so many $million+homes selling this year, the median sold price is Up 38% since 2019 - which is the number reflected in this chart. 


Combine quickly rising prices with the **lowest number of homes for sale in the last 20 years and you have frenzied buying and listings going to contract in a flash while attracting multiple offers. 

**(June 2021 avg. 75 homes for sale // June 2020 avg. 185 homes for sale // June 2019 avg. 273 homes for sale //
June 2016 avg. 464 homes for sale)

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, June 21 - July 4, 2021

From Monday June 21 thru Sunday July 4 - 38 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/6/21)  **3 other homes went to contract but those deals have since fallen thru

11 were priced from $449,000 to $599,000
19 from $625,000 to $997,000
 8 from $1,100,000 to $1,999,000

Fewer contracts than we've seen in previous weeks. Summer slowdown? We'll see...

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, June 14 to June 20, 2021

From Monday June 14 thru Sunday June 20 - 28 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 7/25/2021)

 7 were priced from $390,000 to $599,000
15 from $610,000 to $899,000
 6 from $1,000,000 to $1,399,000

28 homes to contract, and quickly too, (in 5 median DOM) in the middle of a sizzling hot June is not a market showing signs of slowing down, as I mentioned last week that it probably would. Not yet anyway.
DOM = days on market

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

another record broken

Home sales in the Catalina Foothills have broken a few records so far this year;
the record for highest ever median sold prices, currently $761,000 // the fastest home sales ever, currently 5 median days on market // the most sales at over $1million, 95 so far // the most sales over $3million, 7 so far // and now the first sale ever at over $4,000,000, at $4,063,564 in the Mountain Estates at Ventana. 

Click Here to see all the single family homes sold in the Catalina Foothills in the last 30 days (link expires 7/19/2021)

 

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

Take care, stay well

 TheFoothillsToday.com 
to easily search all Catalina Foothills homes for sale 

in contract for the last 3 weeks, from 5/24 to 6/13/2021

From Monday May 24 thru Sunday June 13 - 63 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 7/15/21)

28 were priced from $325,000 to $599,000
24 from $600,000 to $959,000
11 from $1,100,000 to $2,490,000

The market's still barreling along, or it was 2 or 3 weeks ago. 
Let's see how  many of those homes went to contract last week, 6/7 - 6/13.

21 contracts last week, priced from $325,000 to $959,000 
So, still barreling along, but worth noting that that is the first week in a very long time with no contracts at $1,000,000 & UP. 

It is very likely that with summer here in full bloom the market will slow down a bit, or more.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

 

Big sold numbers for the last 30 days

I was pulling the numbers for homes that sold in the last 30 days to update the Just Sold link on my website, TheFoothillsToday.com and while I wasn't  so surprised by the numbers, I sure was Wowed by them.

In the last 30 days;
94 homes soId (94 is way up there) at a median sold price of $740,000 (and $740,000 is too)
22 of them sold for over a $million, from $1,000,005 to $3,723,000 and all of them sold in just 6 median days on market. 
I don't think we've ever had a 30 day period with nearly that many sales at $1,000,000+.

And 3 of them sold at over $3,000,000, at $3,150,000, $3,337,500 and $3,723,000. 

To put that in perspective, in the previous 10 years combined, from 2011 thru 2020, a grand total of 8 homes sold at over $3mil.  8 in 10 years. v. 3 in the last 30 days.

See the 94 homes sold in the last 30 days, Wow!

 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

The first 5 months / Catalina Foothills Single Family Home Sales Data for Jan 1 - May 31, 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru May 31st of each year from 2015 to this year, 2021.

All of the data is based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represents all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents 80% of the Catalina Foothills single family home market with 20% going to homes sold at $1,000,000 and UP.
A relatively stable market with no big gains or losses in the last few years. 

On the other hand, with its meteoric rise, the $1,000,000+ market continues to astound us . 



And median sold prices aren't too shabby either, having benefited from the big rise in home sales at $1,000,000 & UP

Meanwhile, they're flying off the shelf, keeping buyers, sellers and their agents on their toes.


That's the market so far this year in the Catalina Foothills of Tucson, AZ.

If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.
Thanks for stopping by.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, May 17 thru May 23, 2021

From Monday May 17 thru Sunday May 23 - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 6/29/2021)

 
6 were priced from $310,000 to $559,000
10 from $645,000 to $949,000
  4 from $1,000,000 to $1,995,000

A somewhat ho-hum showing compared to the week before (May 10 - May 16)  but, nonetheless, inline with the number of contracts during other previous weeks. And now that June is upon us we'll see if the market slows down as it usually does in the summer, summer of 2020 being the exception. 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

Catalina Foothills Homes listed and sold prices

here we go, listed and sold prices for the 39 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from May 11, 2021 thru May 23, 2021.

Listed	Sold
$389,000	$389,000
$384,900	$390,000
$425,000	$410,000
$425,000	$430,000
$425,000	$460,000
$479,500	$479,500
$495,000	$520,000
$549,900	$535,000
$549,000	$560,000
$575,000	$585,000
$579,000	$590,000
$599,000	$595,000
$575,000	$600,000
$590,000	$600,000
$625,000	$612,900
$625,000	$635,000
$599,995	$640,000
$645,000	$670,000
$650,000	$675,000
$615,000	$680,000
$700,000	$700,500
$725,000	$725,000
$727,950	$740,000
$600,000	$750,000
$825,000	$825,000
$899,000	$846,160
$849,950	$888,000
$895,000	$916,000
$995,000	$995,000
$1,100,000	$1,100,000
$1,100,000	$1,100,000
$1,200,000	$1,185,000
$1,325,000	$1,250,000
$1,295,000	$1,272,500
$1,995,000	$1,550,000
$1,750,000	$1,675,000
$2,750,000	$2,610,000
$3,495,000	$3,337,500

 

And they went quickly, in just 5 median days on market

Click HERE to see the 39 homes sold
(link expires 6/23/2021)

Click HERE to see the previous Listed / Sold report

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

 

in contract last week, May 10 thru May 16, 2021

From Monday May 10th thru Sunday May 16th - 30 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 6/22/2021)

with 30 homes going to contract it was a busy week for buyers and sellers. And I wonder, how many other offers were made on these properties, offers that came in 2nd, 3rd or 4th place ...

14 from $291,000 to $595,000
11 from $610,000 to $998,800
 5 from $1,165,000 to $2,295,000

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

the Market Snapshot

The Market Snapshot was way overdue for an update, and today I finally got around to doing it. 

Though not much change, pretty much the same high demand / low supply we've seen for many months.

Market Snapshot

 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, May 3 thru May 9, 2021

From Monday May 3rd thru Sunday May 9th - 21 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 6/15/2021) 

10 were priced from $365,000 to $599,000
 9  from $625,000 to $984,000
 2  at $1,500,000 and $4,600,000

If the $4,600,000 deal sells for more than $3,800,000 it will be the highest sale price for a single family home sold in the Catalina Foothills in, ... forever. Thru the MLS anyway. Next highest is one sold in the Canyons for $3.8 in 2003 and another also sold for $3.8 in Catalina Foothills Estates 2 in 2007. 

The $4.6 deal is in the Mountain Estates at Ventana Canyon

 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

it's still tough out there

30 single family homes sold in the Catalina Foothills (85718 & 85750) since April 28, 2021 - here's what they were listed and sold for

Listed	Sold
344,900	344,900
375,000	410,000
399,900	430,000
499,000	580,000
499,000	499,000
519,000	551,000
525,000	600,000
534,000	534,000
549,000	550,600
549,900	545,000
599,000	599,000
599,000	636,000
619,000	650,000
619,900	670,000
644,000	655,000
700,000	700,000
700,000	775,000
749,500	723,000
750,000	711,000
750,000	875,000
840,000	845,000
850,000	875,000
850,000	900,000
975,000	1,000,000
1,100,000	1,100,000
1,145,000	1,145,000
1,900,000	1,900,000
3,300,000	3,200,000
3,500,000	3,175,000

And, they sold in just 4 median days on market

See the 30 homes sold HERE
(link expires 6/9/2021)

Click HERE  to see the previous Listed / Sold report

Take care, stay well

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

The first 4 months / Catalina Foothills Single Family Home Sales Data for Jan 1 - April 30, 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru April 30th of each year from 2015 to this year, 2021.

The home sales, MSP numbers and DOM are based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represent all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the number of homes sold for up to $999,999 - which, this year, represents 80% of the Catalina Foothills single family market with 20% going to the $1,000,000+ market. Prior to this year sales up to $999k represented about 92% of the foothills market, but the big increase this year in sales at $1,000,0000 & UP claimed a bigger piece of the pie for the $1,000,000+ market.

Interesting that just a few more homes sold this year than last year even though last year at this time (March, April) Covid was shutting things down, including homes sales, all over Tucson. The problem this year is not enough homes for sale to meet demand. You can't sell what you don't have. 

 

On the other hand the $1,000,000+ market continues on its wild tear.
WOW, sales at $1,000,000+ jumped 236% from last year & even more from the years prior to 2020. 

All those high-end sales contributed to a 24% jump in the MSP over last year.
This chart shows MSP for homes sold at all prices - under and over $1mil.

Lets see what the MSP looks like if we exclude sales at $1,000,000+ and only look at those sold up to $999,999;
2020 - 260 sold for $528,750 MSP
2021 - 265 sold for $605,000 MSP = a 14% increase 

What does the MSP look like for the $1,000,000+ market 
2020 - 19 sold for $1,260,000
2021 - 64 sold for $1,392,279 = a 10.5% jump in MSP
Put those %'s together and there's the 24% jump in overall median sold prices. 

Days on market can't get much lower than it is, currently scraping bottom at 5 median DOM 

If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you. Thanks for stopping by.

CLICK HERE for Jan - March report

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 2 weeks, April 19 thru May 2, 2021

From Monday April 19th thru Sunday May 2nd - 43 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 6/03/2021)

14 were priced for $325,000 to $590,000
18 from $600,000 to $995,000
11 from $1,050,000 to $3,595,000

And they did so in a very snappy 6 median days on market. 

Also worth noting, recently there's been a slight uptick in the number of new listings coming to market. Too soon to tell if it is the beginning of a trend or just a one time thing. In any case, there are now 89 single family homes for sale in the Catalina Foothills, a handful more than during the last few months though still way less than is usual at this time (or anytime) of year. 

Thank you,
Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

ready or not, here comes Hilton

Tucson, AZ
The Eddy, Tapestry Hotel Collection by Hilton, breaks ground at River & Campbell

The developer, Jim O'Connell, had the following to say about the coming hotel;

“The Eddy will be a sleek and modern two-story, 106-room,
hotel and part of the exclusive Tapestry Collection by
Hilton,” said O’Connell. “Throughout the hotel, guests will
experience an authentic sense of Tucson and some of the unique qualities of life here."

At that pivotal location, with all the congestion it will  bring and the large area of natural desert it will destroy, I'm having a hard time seeing how a new 106 room hotel could do anything but tarnish the unique qualities of life here.

How many residents of this area are wanting and looking forward to a new, modern 106 room hotel at River & Campbell.

What are your thoughts.

Read all about it

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Looking for 183 homes for sale in 85718

In the latest 85718 market report from Zillow (85718 is the western half of the Catalina Foothills that runs west from Craycroft Rd to 1st Ave) Zillow reports that there are 183 homes for sale in 85718. 
WOW! If only, where are those 183 homes, where are they hiding?

I can tell you they are not hiding in the Tucson MLS, nope, they're not.
In the MLS we have a grand total of 76 homes for sale in 85718. And that includes everything from single family homes to manufactured homes, mobile homes, condominiums and townhomes. 76 that's it, not 183.
Counting only single family homes there are just 60 for sale - the remainder are 9 condos & 7 townhomes,
0 manufactured or mobile homes. That's it.

Why does this matter. Well, since last summer I've reported often on the dwindling number of homes for sale and for the last 4 months or so I've reported frequently on the extremely tight market, with very few homes for sale - somewhere between 70 to 85 single family in the entire foothills, that's 85718 & 85750 - and here's Zillow saying there are 183 for sale 85718 alone.

The big difference between their numbers and mine may cause some readers of this blog, or even some of my clients, to wonder or doubt if maybe my numbers are way off. I mean let's face it, Zillow is Zillow, big with lots of technology,  and I'm just me.

Nevertheless, my numbers are not way off. I assure you, they are spot on. 
Zillow, you're up to bat, where are those 183 homes for sale in 85718, where are they hiding. 

Thank you,
Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, April 12 thru April 18, 2021

From Monday April 12th thru Sunday April 18th - 19 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 5/25/2021)

6 were priced from $350,000 to $599,000
10 from $625,000 to $975,000
 3 from $1,120,000 to $1,895,000

Not extraordinary, like the previous week,  just normal average good.

Take care, stay well

see TheFoothillsToday.com 
to easily find your very own Catalina Foothills Home

 

in contract last week, April 5 thru April 11, 2021

From Monday April 5th thru Sunday April 11th - 34 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 5/17/21)

11 were priced from $384,900 to $590,000
13 from $615,000 to $995,000
10 from $1,000,000 to $2,750,000

Wow, what a week, 34 contracts in one week is big, and 10 at $1,000,000 & UP is probably an all-time record

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

in contract last week, March 29 thru April 4, 2021

From Monday March 29th thru Sunday April 4th - 16 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 5/10/2021)

3 were priced $375,000 to $499,000
7 from $615,000 to $850,000
6 from $1,095,000 to $3,300,000

The lower end of the market, up to about $500k, is hurting from a lack of supply - not enough homes for sale.         From $0 to $500k there is a grand total of 8 homes for sale while, typically, at this time of the year (March/April, the busiest time of year) there are roughly 70 to 100 or more homes for sale in that price range.
 
And it's not because they're selling like crazy this year, they're not - because there's almost nothing to sell.
Here are the # of homes sold from January 1st to April 10th in each of the following years;
2016 - 109 sold
2017 - 147 sold
2018 - 122 sold
2019 - 117 sold
2020 - 100 sold, and this, during the outbreak of the covid-19 in Tucson
2021 -  66 sold, during what is otherwise the hottest real estate market we've ever had

Meanwhile, sales at $1,000,000 & UP are going thru the roof -

with 6 contracts last week at $1,000,000 & UP and 2 of them priced at $3,250,000 & $3,300,000 that makes it 5 homes now in contract priced from $3,250,000 to $3,650,000.
Most years few, if anything, have sold at $3,000,000 
Here are yearly sales at $3,000,000+ since 2016;
2016 - 1 sold 
2017 - 0 sold
2018 - 2 sold
2019 - 0 sold
2020 - 3 sold in the 2nd half of the year when Tucson became the hot ticket for those fleeing more congested places.. 

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

The first 3 months / Catalina Foothills Single Family Home Sales for Jan 1 - March 31 2015 - 2021

(Revised-Updated, 4/6/21 to report additional sales, that were not available yesterday and resulting higher sold prices for 2021)

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru March 31st of each year from 2015 to this year, 2021. 

The home sales, MSP numbers and DOM are based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represent all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the number of homes sold for up to $999,999 - which, this year, represents 82% of the Catalina Foothills single family market. Prior to this year sales up to $999k represented about 92% of the foothills market but the big increase this year in sales at $1,000,0000 & UP claimed a bigger piece of the pie for the 7 figure market. 

The $1.0mil+ market made enormous gains so far this year (up165% over last year), gains that started kicking in last summer when the Catalina Foothills became the hot ticket for many of those looking to escape more congested parts of the country.

And of course with all that frothy activity the MSP is going thru the roof,

while DOM disappear

If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.

Take care, stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, from March 22 to March 28, 2021

From Monday March 22nd thru Sunday March 28th -  21 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 5/1/2021)

9 were priced from $350,000 to $595,995
8 from $615,000 to $995,000
4 from $1,100,000 to $3,495,000

And they went quickly, 6 median days on market, including the $3.495 deal, which went in 4 days. 

Let's say a new listing appears in the MLS and on the 1st day as an active listing two or three buyers come to see it.

Then, on day 2, one of those buyers submits an offer, but it comes in late in the day and the sellers aren't able to counter it until the next day, day 3, and upon receiving the sellers counter offer the buyer hems and haws but eventually signs it, and accepts the sellers counteroffer on day 4 - that's the day it goes into contract, the status is changed to Active Contingent, and is calculated in the MLS as 4 days on the market. Even though 3 of those days were spent offering and counteroffering. And sometimes there is more time spent offering and counteroffering before getting to an accepted contract, particularly if there are multiple offers. And sometimes it all comes together on the first day with no waiting. 

Take care, stay well

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

it's tough out there

I was checking out the market at $700,000 to $850,000 to get the latest on what's selling and what are they selling for. Here's what I found, in the last 30 days 18 homes listed from $700,000 to $850,000 sold, here's what they were listed for and sold for. 

Listed	Sold
$700,000	$700,000
$720,000	$720,000
$749,000	$749,000
$765,000	$750,000
$700,000	$751,000
$749,000	$759,000
$769,000	$765,000
$760,000	$775,000
$775,500	$780,000
$790,000	$790,000
$795,000	$795,000
$765,000	$800,000
$775,000	$800,000
$800,000	$825,000
$835,000	$830,000
$790,000	$836,000
$789,000	$852,000
$835,000	$860,000

And most of them sold  quickly too, in 3 MDOM (median days on market)... 

See the 18 sold HERE
(link expires 4/28/2021)

Currently, at $700,000 to $850,000 there are 6 homes for sale, 6 that's it. 

See the 6 for sale HERE
(link expires 4/28/21)

Before going out with a client I often describe the market situation as something like this;

The market is such that buyers - even at $1.0 to $2.0mil - are having to make do, because there's not much to choose from, be more flexible than they would like, often need to write full price (or more) clean as a whistle offers, and do it right away (no sleeping on it, unless it's a dog) and end up paying more than they want to pay, but at the end of the day celebrating that they are one of the lucky ones who got a house.

Take care, stay well

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

 

 

in contract last week, from March 15 - March 21, 2021

From Monday March 15th thru Sunday March 21st -  17  single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 4/23/2021)

6 were priced from $269,900 to $549,900
9 from $619,000 to $995,000
2 at $1,995,000 & $2,950,000

And that's it, a dip in the action from recent weeks - when there were 31, 26, 26 again and 44 (for 2 weeks) contracts.

Take care, stay well

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

in contract the last 2 weeks, from March 1 - March 14, 2021

From Monday March 1st thru Sunday March 14th -  44  single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 4/14/2021)

23 were priced from $279,000 to $599,995
13 from $620,000 to $915,000
 8 from $1,100,000 to $2,600,000

Another strong showing for Catalina Foothills contracts, and they went quickly, in just 4 MDOM for all 44, including the 8 homes listed from $1.1mil to $2.6 going to contract in 7, 3, 21, 4, 1, 91, 5 and 3 days on the market. 

Take care, stay well. 

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

 

in your favorite Catalina Foothills Subdivision, Now and Then

The following is a snapshot of the current single family home market in a variety of popular subdivisions in the Catalina Foothills of Tucson, AZ .

Starting with the number of homes now for sale, the number in contract and the number sold in the last 3 months - from December 14, 2020 to March 14, 2021 -  followed by the number sold during the same 3 month period one year ago -  December 2019 to March 2020. 

As you will see, from one year to the next sold prices for many homes increased 10 - 20% or more, while, in the majority of sales, homes sold much faster than ever before, many of them in less than 5 or 10 days on market. Meanwhile the number of homes for sale drifted down, down, down to what are now record low numbers of homes for sale. 
Click any of the highlighted subdivision names to see all the homes that are currently for sale. 
MSP = median sold price
MDOM = median days on market

Alta Vista

Now
1 home for sale  // 3 in contract // 3 sold for $843,000 MSP in 5 MDOM

Then   
8 sold for $707,500 MSP in 63 MDOM

Foothills Clusters

Now
0 homes for sale // 2 in contract // 7 sold for  $372,500 MSP in 7 MDOM

Then
3 sold for $370,000 MSP in 60 MDOM

Skyline Bel Air

Now
0 homes for sale // 4 in contract // 3 sold for $550,000 MSP in 2 MDOM

Then   
9 sold for $465,000 MSP in 17 MDOM

Shadow Hills 

Now
0 homes for sale // 3 in contract // 7 sold for $742,000 MSP in 3 MDOM

Then
5 sold for $580,000 MSP in 90 MDOM

Pima Canyon

Now
2 homes for sale // 5 in contract // 5 sold for $1,746,175 MSP in 113 MDOM

Then
5 sold for $1,072,500 MSP in 24 MDOM

Sin Vacas (not including Villa Milano)

Now
0 homes for sale // 1 in contract // 2 sold for $1,217,500 MSP in 124 MDOM 

Then
2 sold for $777,500 in 374 MDOM

La Paloma

Now
3 for sale // 7 in contract // 14 sold for $619,750 MSP in 21 MDOM

Then
11 sold for $505,000 in 54 MDOM

Flecha Caida

Now
1 for sale // 5 in contract // 3 sold for $600,000 MSP in 17 MDOM

Then
6 sold for $489,550 in 129 MDOM

Skyline Country Club

Now
2 for sale // 4 in contract // 5 sold for $1,065,000 MSP in 3 MDOM

Then
3 sold for $762,000 MSP in 29 MDOM

 Catalina Foothills Estates 10 

Now
3 for sale // 2 in contract // 1 sold for $802,000 in 79 DOM

Then
5 sold for $1,072,500 MSP in 92 MDOM

 Fairfield

Now
1 for sale // 5 in contract // 4 sold for $507,950 MSP in 4 MDOM

Then
9 sold for $478,750 MSP in 11 MDOM

Sabino Mountain

Now
1 for sale // 5 in contract // 6 sold for $620,250 MSP in 12 MDOM

Then
4 sold for $668,500 MSP in 35 MDOM

Ventana Country Club

Now
4 for sale // 9 in contract // 15 sold for $835,000 MSP in 14 MDOM

Then
4 sold for $522,500 MSP in 51 MDOM

 

Here's a link to a similar post I did during what was a pretty normal market on October 13, 2019 profiling the same subdivisions as those above - the key bit of info from that post is how many homes were for sale in each of those subdivisions at that time v. the scarcity of homes for sale now. 

Alta Vista - 7 for sale then, 1 now
Foothills Clusters - 3 then, 0 now 
Skyline Bel Air - 8 then, 0 now
Shadow Hills - 5 then, 0 now
Pima Canyon - 10 then, 2 now
Sin Vacas - 10 then, 0 now
La Paloma - 9 then, 3 now
Flecha Caida - 12 then, 1 now
Skyline CC - 16 then, 2 now
Catalina Foothills Est 10 - 7 then, 3 now
Fairfield - 9 then, 1 now
Sabino Mountain - 0, 1 now
Ventana CC - 12 then, 4 now

In mid October 2019 there were 273 single family homes for sale in all of the Catalina Foothills, today there are 72 for sale - 73% fewer homes for sale now than then. That scarcity of homes for sale plus the increased sales from folks moving here from more congested places combined with record low interest rates are all contributing to super quick sales and higher prices. That's the current market in the foothills. 

Take care, stay well

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

in contract last week // Feb 22 thru Feb 28, 2021

From Monday Feb 22 thru Sunday Feb 28 -  26 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 4/6/2021)

9 were priced from $369,000 to $560,000
10 from $650,000 to $999,000
 7 from $1,000,000 to $3,650,000

Another big week for Catalina Foothills Home sales, especially with the $million+ market continuing to shatter sales records.

This year, from January 1st thru March 5th 29 homes have sold for $1,000,000 & UP
During the same period in 2020 12 homes sold for $1,000,000 & UP
During the same period in 2019  8  homes sold for $1,000,000 & UP

And today there are 33 homes listed from $1,000,000 to $3,650,000 in contract and, coincidentally, just 33 in that same price range for sale. A very tight market. 

Take care, stay well. 

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

 

faster & for more $$

That, in a nutshell, describes the Jan/Feb single family home market in the Catalina Foothills this year v. the same 2 months last year. 

this year;
136 homes sold
for $631,500 median sold price
in 13 median days on market

v.

last year
132 homes sold
for $547,500 median sold price
in 32 median days on market

So about the same # of homes sold each year but this year they sold for 15% more $$$ and did it 59% faster than last year.

Take care, stay well. 

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

 

in contract last week // Feb 15 thru Feb 21, 2021

From Monday Feb 15 thru Sunday Feb 21 -  26 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 3/27/2021)

11 were listed from $295,000 to $590,000
11 from $635,000 to $769,000
 4 from $1,489,000 to $2,195,000

Another robust week for Catalina Foothills Homes Sales!

Take care, stay well. 

see TheFoothillsToday.com 
to easily search all the homes for sale in the Catalina Foothills

 

in contract last week // Feb 8 thru Feb 14, 2021

From Monday Feb 8 thru Sunday Feb 14 - 31 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 3/20/2021)

10 were listed from $300,000 to $599,990
11 from $629,000 to $949,900
 7 from $1,195,000 to $1,650,000

 7 homes listed from $1,195,000 to $1,650,000 to contract in 1 week is very big - it almost feels like it's not real. Almost. And there were 2 other homes priced at $1,795,000 and $2,495,000, that went to contract but have since fallen thru and are back on the market - so I don't count them.
 __________________________________________________________________________________________
Here are a couple of quick stats to lend some perspective to the $1mil+ home market in the Catalina Foothills.

Since January 1st  31 homes listed from $1,060,000 to $2,250,000 have gone to contract (not including another 6 that went to contract but have since fallen thru). 

So, on the demand side, 31 to contract in about 7 weeks,  vs., on the supply side, just 38 homes for sale at $1million & up - listed from $1,050,000 to $8,995,000. But so far all the action is for homes priced from $1,000,000 up to around $2,500,000 - where there are just 23 homes for sale. A very lean supply.

Last year 86 homes sold for $1,000,000 & UP and that was a very good year - best year since 2007. This year it looks like we're going to have 30 something homes sold in the first 2 months or so.

Take care, stay well. 

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills 

 

in contract the 1st week of February // Feb 1 - Feb 7, 2021

From Monday Feb 1 thru Sunday Feb 7 - 23 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (85718 & 85750) (link expires 3/16/2021)

9 homes are priced from $235,000 to $595,000
11 are priced from $600,000 to $975,000
 3 from $1,145,000 to $1,795,000

*worth noting; 
originally, 29 homes went to contract that week but 6 of them priced from $579,000 to $2,400,000 have since fallen out of contract and are back on the market. So, in the future, if you have your eye on something but someone else beats you to it it may be worth making a backup offer, just in case. Deals fall thru, it happens, even in this environment of ultra-high demand and very low supply.. check out the Market Snapshot to see the number of homes for sale, in contract and sold (in last 30 days) in your price range

Take care, stay well. 

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills 

in contract the last 2 weeks of January // that's Jan 18 - Jan 31, 2021

From Monday Jan 18th thru Sunday Jan 31st - 41 single family homes went to contract in the Catalina Foothills of Tucson, AZ (85718 & 85750) (link expires 3/07/2021)

Following is the # of contracts broken down into 3 price ranges;
$1 - $599,999 // $600,000 - $999,999 // $1,000,000 & UP. 

17 were priced from $253,500 to $595,000
14 from $625,000 to $920,000
10 from $1,100,000 to $2,250,000

The median DOM (days on market) for this group is 3 days, that's a lightning fast 3 days from listing to sealing the deal with a contract.  

Also notable, 41 in contract in the last 2 weeks of January combined with the 46 homes that went to contract in the first 17 days of January is 87 homes to contract in January alone, with an unprecedented 18 of them listed from $1,100,000 to $2,250,000. 

87 to contract in January alone against a backdrop of, at this moment, just 80 single family homes listed for sale in the entire Catalina Foothills is the strongest sellers market I have ever seen and, I'm betting, that any of us have ever seen (in the Catalina Foothills).

Check out the Market Snapshot - currently the only price range with a decent supply of homes for sale is $2,000,000 & UP.

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Catalina Foothills Single Family Home Sales for January 2021

If January is an indication of things to come it looks like the Catalina Foothills real estate market is in for another big year.  

82 single family homes are reported sold in the Catalina Foothills this January. 
Here's the breakdown of sales by price;

34 sold from $285,000 to $580,000
32 sold from $619,500 to $980,000
16 sold from $1,050,000 to $2,025,000

The MSP (median sold price) for the 82 sold is $644,000 and they sold in 18  DOM (days on market).. 

Across the board those are big numbers for any month, but for January they're even bigger.  Why?  because many (even most) of those 82 sales are the result of deals (contracts) that were made in November-December and because of the holidays in November-December, usually, fewer deals are made in Nov-Dec.. resulting in fewer sales in January.

Take last January, does anyone remember last January (I don't), in any case 55 homes sold last January (2020) and they sold for $577,000 MSP in 30 DOM.. and, at the time, that looked like a very good January.....and it was.

But 82 sold at $644,000 in 18 DOM leaves last January in the dust and is an impressive start to this new year and to what is traditionally the busiest season (Jan - May) for Catalina Foothills Home Sales.

See them here> 82 SOLD
(the link expires 3/4/21)

Take care, stay well. 

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the first 17 days of 2021 - January 1 - January 17, 2021

From Friday Jan 1 thru Sunday Jan 17th  46 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/20/2021)

21 were priced from $320,000 to $595,000
17 from $625,000 to $980,000 
 8 from $1,100,000 to $1,650,000

The beat goes on, no stopping to catch your breath in this market. 
But, incidentally, the same was true in January 2020 when  I remarked, 
".... This is a very healthy start to the 2020 market year, very. Usually it's kinda quiet at this time of year - with buyers taking their time, moseying around doing more tire kicking than actual buying. But this year there's an urgency to buy that I have not seen since the glory days of 2004 - 2005 ..." 

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

Catalina Foothills Yearly Home Sales from 2005 to 2020

First up is a quick summary of single family homes sales in the Catalina Foothills for the years 2018, 2019 & 2020.
And following the summary, for a longer term view, there are charts tracking home sales in the Catalina Foothills from 2005 thru 2020. 

# of Homes Sold for up to $999,999
843 Sold in 2020 // that's  up 3.5% from 814 sold in 2019 &  up almost 11% from 761 sold in 2018

# of Homes Sold at $1,000,000 & UP
86 Sold in 2020 // that's up 43% from 60 sold in 2019 & up 38% from 62 sold in 2018

Median Sold Prices
$567,100 is the MSP for 2020 // that's up 14+% from $495,000 in 2019 & up almost 17% from $485,000 in 2018

# of Days on Market
15 DOM in 2020 // that's down 54% from 33 DOM in 2019 & down 58% from 36 DOM in 2018

One more thing. The supply of single family homes for sale in the Foothills is at an all-time low. 
Today there are just 76 single family homes for sale.
In Jan 2020 there were 228 for sale - and that was lean.
Jan 2019 - 305 for sale
Jan 2018 - 304 for sale
So if you're looking and not finding, it's not you. 

There you have it.
2020 was a big year for Catalina Foothills home sales - more homes sold and they sold faster and for more money. 
A Hot market which appears to want to keep going in 2021, but we'll need more homes for sale in order to do it. 

 

And now the historical view, with charts showing sales, sold prices, etc. of single family homes in the Catalina Foothills for each year since 2005..

First up is homes that sold for up to $999,999 - the bulk of the market

Next is homes that sold for $1,000,000 & UP - a market that made a big leap forward in 2020

DOM, how long homes were on the market before going to contract - not very long in 2020


And finally, sold prices are sort of back to where they were in 2006 - on paper they are anyway -
but adjusted for inflation 2006's median sold price of $570,000 would be $735,766 today while the actual median sold price today is $567,100. 

In the future I am going to cut back on the number of years covered in the sales reports and charts, from what has grown to its current 16 years, to a more relevant 4 or 5 years. The reports are going too far back to be meaningful - does anyone really care what the market did 8 or 10 or more years ago.  Yep, the Boom, the Bust, Been there Done that, let's move on..

Best Wishes for a Healthy, Happy & Prosperous New Year!

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract the last 18 days of 2020 - December 14 - December 31st 2020

From Monday December 14th thru Thursday December 31st  34 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/02/2021)

16 were priced from $375,000 to $599,000
10 from $625,000 to $895,000
  8 big ones, from $1,225,000 to $2,500,000

A big finish to what was a very big year for Catalina Foothills home sales

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home 

in contract the last 2 weeks, November 30th - December 13th 2020

From Monday November 30th thru Sunday December 13  42 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/16/2021)

15 were listed from $269,900 to $585,000
22  from $615,000 to $995,000
 5 from $1,199,000 to $2,969,000

Interesting, quite a few of the homes in this batch of contracts have been on the market longer than homes that went to contract in previous weeks and months. The question is, why have these homes that have been on the market for --  494, 336, 306, 241, 142, 106,101, 97, 93, 77, 73 .... days on market suddenly become attractive to buyers when they weren't so attractive last month or the month before. 

Sometimes a "special home" takes time to find a buyer of kindred spirit, sometimes the price has to come down, both of which have occurred with some of these homes, and sometimes, like now, there are so few homes to choose from that motivated buyers find it necessary to make more compromises than usual and do the best they can in the current market. With inventory as low as it is that is at least part of what we're seeing. 

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home 

Catalina Foothills Home Sales Jan 1 to November 30th, 2005 - 2020

It occurred to me that some readers may prefer a quick summary of the latest sales numbers rather than having to scroll thru a series of charts and verbage and so on to get the latest scoop on the market. So, the charts will follow but first a quick summary of single family homes sales for the period of January 1st thru November 30th.

# of Homes Sold for up to $999,999
this year 782 Sold // up 3.7% from 754 sold last year & up 9.2% from 716 sold in 2018

# of Homes Sold at $1,000,000 & UP
this year 74 Sold // up 39% from 53 sold last year & up 27% from 58 sold in 2018

Median Sold Prices
this year the MSP is $560,000 // up 13+% from $495,000 last year & up 15+% from $485,000 in 2018

# of Days on Market
This year 16 Days on Market // down 50% from 32 DOM last year & down 57% from 37 DOM in 2018

There you have it, more homes sold and they sold faster and for more money. 

Now the charts which, I'm guessing, need no further chatter from me.

A busy and productive year for Catalina Foothills real estate sales. 

If you have a question or would like my help, I look forward to hearing from you.
Thank you, and Take care

John Schneider /Realtor®
Tierra Antigua Realty
johnschneiders@gmail.com
520 271-4164

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

in contract the last 2 weeks, 11/16 - 11/29/2020

From Monday November 16th thru Sunday November 29th   28 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 12/31/2020)

15 were priced from $285,000 to $599,000
 8  from $625,000 to $900,000
 5  from $1,059,000 to $1,795,000

We continue to see somewhat fewer contracts than we did in August, September and early October though the current numbers are inline with a seasonal slowdown for this time of year. And with only 120 single family homes for sale in the entire Catalina Foothills, there's not much for buyers to choose from. 

Take care, Stay well

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

in contract last week, 11/9 thru 11/15/2020

From Monday November 9th thru Sunday November 15th, once again,   17 single family homes went to contract   in the Catalina Foothills of Tucson, AZ (link expires 12/19/20) 
I say 'once again', because 17 homes went to contract in 3 of the last 4 weeks. Last week + Here & Here 

8 were priced from $255,000 to $569,900
6  from $729,000 to 985,000
3 from $1,250,000 to $1,850,000

Take care, stay well.

see TheFoothillsToday.com 
to find your very own Catalina Foothills Home