The Catalina Foothills

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

in contract last week, 11/2 - 11/8/2020

From Monday November 2nd thru Sunday November 8th just -  17 single family homes went to contract   - in the Catalina Foothills of Tucson, AZ (link expires 12/14/20)   (there were 20 contracts that week but 3 of them fell out)

10 were priced from $349,000 to $594,430
 3 from $629,900 to $819,000
 4 from $1,249,000 to $2,950,000

There were fewer contracts last week and I continue to hold to the (mostly unsubstantiated) belief that more homes would be going to contract & selling IF there were more homes for sale, a la, a bigger selection of homes for buyers to choose from. 

There are
129 single family homes for sale in the Foothills Today

                         V.
268 for sale at this time last year
305 for sale at this time in 2018
341 for sale at this time in 2017
etc., etc.

Take care, stay well.

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

Catalina Foothills Home Sales Jan 1 to Oct 31, 2005 - 2020

The following charts track the number of single family homes sold, median sold prices and days on the market in the Catalina Foothills of Tucson, AZ for the period of January 1st thru October 31st of each year from 2005 to this year, 2020. 

The home sales, sold price numbers and days on market 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 is 92% of the Catalina Foothills single family market.
More homes sold YTD this year than any year since 2005

Likewise, home sales at $1,000,000 and UP are basking in their busiest year since 2007 
(to be clear, this chart shows only those homes that sold for $1,000,000 or more /  if they were listed at $1mil or more and sold for less than $1mil they are represented in the chart up above - sales up to $999,999)

Catalina Foothills homes continue to sell faster than ever.
YTD, homes are selling in 18 Median Days On Market
For October it's down to 7 days..

The median sold price thru October ($552,500) dipped a bit from where it was in September ($565,000).
Nonetheless, sold prices for Catalina Foothills homes are blowing the doors off previous years. 

That's how it is, for all but the most expensive homes it's a sellers market in the Catalina Foothills. 
Check out the Market Snapshot to see where your price range falls on the months of inventory scale. 

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

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

 

 

in contract the week of 10/26 - 11/1/2020

From Monday October 26th thru Sunday November 1st - 25 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 12/9/2020)

12 were priced from $250,000 to $599,000
10 from $600,000 to $910,000
 3 from $1,095,000 to $2,250,000

25 homes went to contract in just 7 MDOM  -- another fast moving week for Catalina Foothills single family home sales.

Take care, stay well.

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

Catalina Foothills Home sales at $1,000,000 & UP

You may have heard, maybe you even heard it here, the upper-end market in the Catalina Foothills is doing better this year than it has in many years. Better than every year since 2007.

After years of going nowhere sales finally started to rise in 2016, with the biggest gains coming this year. And while the increase in sales is impressive and long overdue the really striking part of the picture is how quickly they're selling this year. 
(data is for Jan 1 - Oct 31 each year / MDOM = median days on market )

66 sold this year in 36 MDOM

51 sold in 2019 in 90 MDOM

53 sold in 2018 in 144 MDOM 

42 sold in 2017 in 116 MDOM 
they sold way faster this year than even 2006 when 112 sold (Jan 1 - Oct 31), but it took169 MDOM to do it.

Odds n' ends;

43 sold in 85718
23 sold in 85750 

the top 3 subdivisions where they sold this year;
1. Pima Canyon - 13 sales
2. Ventana Canyon - 9 sales
3. Skyline Country  Club - 6 sales
+ Honorable Mention to Cat 10 with 5 sales
So half of all the $million+ homes sold this year sold in those 4 subdivisions.

Old to New, year built for 66 sold;
 1 -- built 1938
 3 -- 1950's
 4 -- 1970's
 8 -- 1980's
18 -- 1990's
23 -- 2000 - 2009
  5 -- 2010 - 2019
  4 -- 2020

That's it for now

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, 10/19 - 10/25/2020

From Monday October 19th thru Sunday October 25th - 17 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 11/30/2020)

10 were priced from $280,000 to $579,000
 6  from $689,000 to $859,900
 1 at $1,069,000

In recent weeks the contract numbers are down a tad from where they were, not drastically, but they are down. The question is, is this just a brief pause in the market or is the market slowing down, and if so why is it slowing. Is it because there are fewer buyers in the market or is it that there are not enough homes for sale for buyers to choose from.
Hmmm, I think it's the latter, here's why. 

134 single family homes for sale in the Catalina Foothills today
      v.
273 for sale at this time (late October) last year
293 for sale at this time in 2018
333 for sale at this time in 2017

Take care, stay well.

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

in contract last week, 10/12 - 10/18/2020

From Monday October 12th thru Sunday October 18th - 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 11/20/2020)

 7 were priced from $385,000 to $580,000
10 from $600,000 to $950,000
 1 at $1,350,000

the other day I mentioned that the reason the supply of homes is so low this year, is largely due to fewer homeowners listing their homes during this time (of covid-19). And it was not due to way more homes selling this year v. last year - and I showed the number of homes listed for sale this year v.  last year 
130 listed for sale in mid October 2020
272 listed for sale in mid October 2019

But (for some reason) I did not complete the picture by showing the number of homes sold this v. last year, so here it is;
735 homes sold this year (Jan 1 - October 18)
726 homes sold last year (Jan 1 - October 18)

And, incidentally, the small increase in sales this year is entirely due to more homes selling at $1.0mil & up -- 62 this year v. 49 last year, (Jan 1 -  October 18). 

Take care, stay well.

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

 

in contract the last 2 weeks, 9/28 - 10/11/2020

From Monday September 28th thru Sunday October 11th 45 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 11/13/2020)

23 were priced from $295,000 to $595,000
13  from $630,000 to $997,500
 9  from $1,090,000 to $2,250,000

A stellar couple a weeks for buyers and sellers at all price ranges.
This diverse group of 45 homes went to contract in just 9 median days on market. 
And 20 of them, priced from $328,000 to $2,000,000, went to contract in 0 to 4 days. 

On the flip side, homes that have been on the market for a while (let's say 90 days or more) are now finding buyers; 12 homes in this group were on for 90 days or more. And now they're gone too. 

The reason for the quick sales is simple supply and demand, the supply is low, largely due to fewer home owners wanting to list their homes during this time, while  the demand remains strong. So if you find the one you want you may have to move quickly, maybe very quickly. 

Currently, there are 130 single family homes for sale in the Catalina Foothills. That's it, 130..
In mid October 2019 there were 272 for sale
 "    "     "           2018  there were 287 for sale
 "    "     "           2017 there were  293 for sale

And the low number of listings is not because of way high sales this year, no. Sales this year are about the same as last year. It's due to too few homes  getting listed for sale this year.

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

Catalina Foothills Home Sales Jan 1 - Sept 30, 2005 - 2020

The following charts track the number of single family homes sold, median sold prices and days on the market in the Catalina Foothills of Tucson, AZ for the period of January 1st thru September 30th of each year from 2005 to this year, 2020. 

The home sales, sold price numbers and days on market 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 - the lions share of the Catalina Foothills market.
Sales are doing well this year, a few more sales one year and a few less the next, they've been bouncing around within a normal narrow range. 
But I believe, no, I have no doubt, that more homes would be selling this year if there were more homes for sale, more homes for buyers to choose from - the supply is very thin. How thin? 
Last year at this time there were 196 homes for sale priced from $1 to $999,999 - this year there are 73. 

 

Sales at $1,000,000 and UP are having a banner year, they're up more than 25% over last year and with more sales than any year since 2006. And they're going fast, 42 median days on market this year v. 72 in 2019 v. 144 in 2018. 

And record breaking fast sales this year for all Catalina Foothills single family homes sold - just 23 median DOM

Bingo! Sold prices this year are now, finally, higher than in 2006 - and up 14% over last year - that's huge. 

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 the last 2 weeks, 9/14 - 9/27/2020

From Monday September 14 thru Sunday September 27th 51 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires on 11/1/2020)  

30 were priced from $309,500 to $589,000
16  from $649,000 to $985,000
 5 from $1,095,000 to $1,750,000

30 of the them, priced from $309,500 to $1,750,000 went to contract in from 0 to 8 days on market. And overall, all 51 homes went to contract in 6 (six) median days on market. That's quick.

Is it any surprise that they're flying off the shelf?  No, not really, there are buyers out there and currently only 136 single family homes for sale to choose from in the Catalina Foothills. And with 51 going to contract in just 2 weeks that's 37% of the total # homes for sale under contract and off the market in just 2 weeks. Now of course the shelf is being restocked every day with new listings but the number of contracts v. # of new listings has for the last few months kept the number of homes for sale down at around 150 or less. 

Take care, stay well. 

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

in contract the last 2 weeks, August 31st - September 13th, 2020

From Monday August 31st thru Sunday September 13th 37 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 10/19/20)

27 are priced from $279,900 to $595,000
 8 from $685,000 to $999,995
 2 at $1,400,000 & $1,425,000

4 other homes went to contract during those 2 weeks but they have since fallen out. At times like this, when the supply of homes is low and the demand is high, one of the unfortunate results is that buyers sometimes rush to put homes in contract before they've had time to carefully consider their choices and decisions.  And some of those hasty decisions result in buyers canceling their contract once they've had time to look things over more carefully. It's the market we're in. 

Take care, Stay well

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

Faster and for More $$$ - Catalina Foothills Home Sales Jan 1 thru August 31st 2020

The following charts track the number of single family homes sold, median sold prices and days on the market in the Catalina Foothills of Tucson, AZ for the period of January 1st thru August 31st of each year from 2005 to this year, 2020. 

The home sales, sold price numbers and days on market 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 # of homes sold for up to $999,999, which represents about 92% of the Catalina Foothills Single Family Home Market. No significant increase or decrease in sales, pretty much on par with the last few years.

Next up is the # of homes sold for $1,000,000 and UP - so far, more sold this year than any year since 2007. 
And the $1.0mil+ market is still going strong, there are 17 homes listed at $1,000,000 and UP in contract. 

Breaking all records, single family homes at all prices are selling faster this year than at any time in the last 15 years  - faster even than during the real estate boom of 2004 - 2006. 



And median sold prices are up %12.5 over last year -
and at $557,000 they are within a hairs breadth of the all time high of $560,000 in 2006.

The only thing this market is lacking is more listings, more homes for sale. 
For a closer look at the Foothills market, broken down into 8 price ranges, check out the Market Snapshot, 

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, August 24th - August 30th, 2020

From Monday August 24th thru Sunday August 30th - 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ
Worth noting, 23 homes went to contract that week, but 5 of them fell out - I don't include homes that go to contract and fall out before I post the numbers - not sure what caused it but 5 homes falling out of contract in 1 week is more than usual.

 9 were priced $365,000 to $555,000
 7 from $649,000 to $858,000
 2 at $1,050,000 & $1,295,000

Stay well, Take care,

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

in contract the last 2 weeks, August 10th - August 23rd, 2020

From Monday August 10th thru Sunday August 23rd - 42 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 9/24/2020)

22 were priced from $325,000 to $599,999
16 from $600,000 to $997,500
 4 from $1,099,000 to $2,100,000

Take care, stay well.
 
see TheFoothillsToday.com 
to find your very own Catalina Foothills Home

the Catalina Foothills real estate market then & now

Lately I've been going on about the very low supply of homes for sale coupled with the still strong demand - still being, in this difficult time. And also for this time of year (summer is usually our slowest time).  So I thought it might be helpful and add some perspective to look back at how the numbers for this summer compare with summers from past years.

And because it captures a  moment in time I thought the Market Snapshot would be a good way to do it. I started posting the Market Snapshot in 2013 and I save each one as screen shot so that  I can look back and see exactly what the market was doing during almost any month and year from 2013 to now.

The following screen shots are of the Market Snapshots that I posted on the date noted in the upper left corner of each screen shot. Also, prior to this year the Market Snapshot included 5 price ranges, and starting this year I upped it to 8 price ranges - hence August 2020 is more detailed that the others. 

Across the board the MOI (months of inventory) is startlingly low this year --- (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) ---  at 1 to 2 MOI we are in a red hot sellers market. In August ...no less.

Why?, not because so many more homes are selling this year, nope, they are not. They're selling faster and for more $$$ but  just about the same number of homes are selling this year as sold in 2019, 2018 and 2017 - the issue is there are many fewer homes listed for sale this year. YTD 568 sold this year, 576 sold 2019, 564 sold 2018, 582 sold 2017,

Why so many fewer listings ... well, I can't answer that absolutely. But I think it's a pretty good guess that many would-be sellers are not listing because they don't want strangers walking through their homes at this difficult time. And, also, if their foothills home is a second home and their primary residence is in a more crowded and congested place they may be thinking about trading places and making Tucson their primary residence.  

And away we go, Market Snapshot data from past August/Septembers

 

Take care, stay well.

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

in contract last week, 8/3 - 8/9/2020

From Monday August 3rd thru Sunday August 9th - 27 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 9/13/2020)

11 were priced from $270,000 to $579,000
11 from $600,000 to $899,900
 and get this, 5 from $1,095,000 to $1,999,000 

an extraordinary number of  $$million++ contracts for any time of the year, but unheard of for August
and all 27 went to contract very fast - just 16 MDOM - median days on the market 

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

they're selling faster and for more $$$ - Catalina Foothills home sales this year

The following charts track the number of single family homes sold, median sold prices and days on the market in the Catalina Foothills of Tucson, AZ for the period of January 1st thru July 31st of each year from 2005 to this year, 2020. 

The home sales, sold price numbers and days on market 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 # of homes sold for up to $999,999, which represents about 93% of the Catalina Foothills Single Family Home Market. No real increase or decrease, pretty much on par with the last few years.

Next up is the # of homes sold for $1,000,000 and UP - same thing, more or less holding its own with recent years. 

Days on the Market -
they're selling faster this year than at any time during the last 15 years. 
The chart is based on median days on market from Jan 1 - July 31 of each year. 

And finally median sold prices of single family homes sold in the Catalina Foothills, with a big jump this year - UP 11.6% over last year and UP 45% since hitting bottom in 2012.

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, 7/27 - 8/02/2020

From Monday July 27th thru Sunday August 2nd - 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 9/3/2020)

 
8 were priced from $314,000 to $599,900
7 from $614,000 to $885,000
3 at $1,495,000 and another $1,495,000 & a biggie at $3,495,000

If this keeps up the $$million+ market may finally pull out of its slump this year, imagine, this year, of all years...

this slump


Take care, stay well.

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

in contract last week, 7/20 - 7/26/2020

From Monday July 20th thru Sunday July 26th - 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 8/28/20)

5 were priced from $375,000 to $599,000
8 from $625,000 to $909,000
2 at $1,150,000 & $1,325,000

this is the lowest number of weekly contracts since the week of April 20th when just 11 homes found buyers
Hmmm?

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