The Catalina Foothills

a quick snapshot of the current Catalina Foothills single family home market

So far this year, (thru 3/10/19);

110 single family homes have sold
at a median sold price of $476,000
in 65 median days on the market

During the same period last year;

140 single family homes sold
at a median sold price of $497,000
in 42 median days on the market 

The numbers reflect a 21% drop in home sales - a 4% drop in median sold prices - and a 55% increase in market time. 
All signs of a weaker market.

And we're in good company;
An article in Bloomberg covering the hottest housing markets states, "For the first time in years, the U.S. is entering its key spring house-hunting season with buyers holding the upper hand. Nowhere is the shift more pronounced than in once-hot areas such as Seattle, San Francisco and Denver, where bidding wars are vanishing, time-on-market is climbing and prices are flattening, or even falling. These western cities, the center of the recent housing boom, are now leading the slowdown"

Granted, a key reason for the slowdown in those formerly hot markets is the insane price increases they've had in the last 6 or 8 years - with prices doubling in Seattle since 2012. While our price increases have been much more sane, and much more modest - Catalina Foothills median sold prices are up just 25% since 2012. 

Nevertheless, we are also experinencing a slowdown this year - Unless, of course, it's a contemporary home. If so those numbers go out the window. 

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

in contract the last 2 weeks, 2/18 - 3/3/2019

From Monday February 18th thru Sunday March 3rd - 42 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 4/5/2019)

27 were priced from $355,000 to $599,900
14 from $600,000 to $995,000
1  at $1,169,000
                                          

   On March

Traditionally, March is one of the busiest months for Catalina Foothills single family home sales - and judging by the first 6 days this March is no exception. So far, 18 19 homes have gone to contract in just the first 6 days,

16 contracts are for homes priced from $285,000 to $599,900 + 3 from $624,995 to $950,000. 

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

people ask, how's the market doing?

well, that depends - there are a few different markets here in the Catalina Foothills, which one are you interested in?

Is it the market for homes listed for up to under $600,000? If so, the answer is the market is strong, it's doing very well -  the inventory is low and activity, contracts and sales are high. 
124 homes for sale - 76 in contract - 36 sold in the last 30 days = a skimpy 3.4 month supply of homes for sale

Above $600k the market is weaker. 

from $600,000 to $999,999 it's a very different picture;
there are 111 for sale (nearly as many as the homes listed up to $599k) but with just 30 in contract - and just 9 sold in last 30 days = a fat 12 month supply of homes for sale. 

at $1,000,000 to $1,499,999 the market is even slower;
46 homes for sale - 2 homes in contract - and just 2 homes sold in the last 30 days = 23 month supply of homes at the current rate of sales. 

Contracts are a more accurate picture of currrent market activity than sales, because current sales are the result of deals that were made 30 - 60 days ago while contracts are more recent. 

If we compare the relationship of the number of homes for sale to the number in contract at each price range, it looks like this;
$0 - $599,999 - 124:76 (76 in contract = 61% of the number of homes for sale)

$600,000 to $999,999 - 111:30 (30 in contract = 27% of the number of homes for sale)

$1,000,000 to $1,499,999 - 46:2 ( 2 in contract = 4% of the number of homes for sale)

At $1,500,000 & UP it's pretty much the same, slow, there are 37 homes for sale - 4 in contract - 1 sold in the last 30 days. 

That is the market at this time. 

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

another record for contemporary homes

In a post last month I talked about how well contemporary homes are selling here in the Catalina Foothills - "... they are selling well. Better, for more $$ and faster than anything else in the same price range" 

And now a home that was recently remodeled (to flip) in the contemporary style in Catalina Foothills Estates 7 - just sold for list price, $729,000, at $259/sf - the highest $$/sf sold price of the 123 homes that have sold in Cat 7 in the last 10 years. 

And it sold quickly too -  just 18 days from listing to contract.
While - during the last 6 months - the average/median days on market in Cat 7  is 110 & 95 days on market. 

Contemporaries, they're hot and they're scarce. 

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

in contract last week, 2/11 - 2/17/2019

From Monday February 11th thru Sunday February 17th - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link will expire 3/26/2019)

11 were priced from $329,000 to $575,000
6  from $650,000 to $945,000
3  from $1,095,000 to $1,975,000

20 contracts, that's more like it.

First it was political turmoil accompanied by a deep plunge in the stock market. And when that dropped off February greeted us with unusually cloudy, wet and cold weather, none of which sits too well with home buyers here in the Catalina Foothills. But it looks like, maybe, we are now getting back on track. Stand by, we'll soon see. 

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

Contemporary homes are hot

I'm talking pure contemporaries and better yet new or recently built pure contemporaries. Or homes that have been recently renovated and remodeled in the contemporary style. Not Southwestern contemporaries. 

like this. With simple, clean lines 

and this

(the homes pictured above are purely for illustration, they are not homes for sale in Catalina Foothills)

Here in the Catalina Foothills we're seeing more contemporaries, mostly at the upper price ranges, from about $900,000 and UP. And they are selling well. Better, for more $$ and faster than anything else in the same price range. 

Of the 4 homes in contract in pima canyon, 3 are contemporaries. There was a 4th contemporary in contract but it fell out. 
I pick Pima Canyon because it is the subdivision most likely to have newer contemporaries because it is the subdivision that had and probably still has more buildable lots than any other high-end gated subD in the Catalina Foothills. 

A brand new contemporary sold in Pima Canyon last September for $2,331,000 ($420/sf) before it even hit the market. 
A contemporary sold last month after just 11 days on the market in Skyline CC for $1,450,000 ($437/sf) - I saw that and thought WOW! $437/sf. So I went back to 1995 and since then 346 homes have sold in Skyline and $437/sf is the highest $/sf sold price in 23 years. The next highest is was a sale in 2006 for $393/sf.

A contemporary in a non-gated area located on a lot that is, in my opinion, way too close to a busy road, went to contract recently. 

last year a contemporary located in Flecha Caida Ranch Estates sold for $1,250,000 ($312/sf) - the most expensive home sold in Flecha in the last 8 years. And at $1,250,000 it's head and shoulders above the $395,000 median sold price and $154/sf median sold price of the 197 homes sold in Flecha in the last 8 years. 

Contemporaries, they're hot and they are scarce. 

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

 

 

Reuters says, "...existing home sales fall sharply ..."

Uh oh, ... existing home sales fall sharply ..., say it isn't so. 

That's the headline, in the body of the story Reuters goes on to say ".... The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units last month."

Dropped 1.2%, geeewhiz, I didn't realize that a 1.2% drop is a... fall sharply .... drop. Did you.

Oh well, it makes for a catchy headline.

The home sales story for January here in the Catalina Foothills is not quite as dramatic 

50 homes sold last January and 50 homes sold this January. Boring but true.

Though there is a difference in sold prices and days on market between last Jan and this Jan. 

Last Jan 50 homes sold for a median sold price of  $539,500 in 35 DOM
This Jan 50 homes sold for a median sold price of  $508,000 in 62 DOM

My opinion; one month is much too short a time period to draw any conclusions about the ups and downs of sold prices. Give it 3 or 4 months and a more accurate and reliable picture of the market will begin to emerge.  

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

in contract last week, 2/4 - 2/10/2019

From Monday February 4th thru Sunday February 10th - JUST 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 3/19/2019)

7 were priced from $299,900 to $500,000 -   after 38 average & 46 median 'days on market' DOM
5 from $618,000 to $650,000 -  after 21 average & 8 median DOM 
1 at $1,550,000 -   after 673 DOM

I say JUST 13 single family homes ... because 13 is unusually low for this, usually busy, time of year. On the other hand the long run of cold, cloudy, damp weather we've been having is also unusual and may have something to do with the lack of activity. Imagine you are a snowbird here for a few weeks to find a warm roost for the winter, and instead you encounter the cold, cloudy, damp weather that we've been having. Could it possibly cause you to reconsider or at least wait to see if the weather breaks and improves. 

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

Catalina Foothills Sold Prices, from peak to trough to now

If you read this blog you have very likely heard that Catalina Foothills single family home prices dropped 31% from their peak in 2006 to their bottom in 2012. And since then (6 years lateer)  prices have risen 25%, resulting in a drawn-out and tepid price recovery.  ($570,000 in 2006 dropped to $390,000 in 2012 rose to $488,000 in 2018)

But the good news is prices rose more in the last 2 years than they did in the previous 4 years - up 6.6% in 2017 & up 9.6% in 2018  v. a total rise of 7% for the years 2012 thru 2016. So the pace of price increases has incresed. 

And those numbers are accurate, but they represent all the homes sold in all areas and subdivisions throughout the Catalina Foothills. And as I’ve also mentioned before, ‘…prices across the foothills do not march in lockstep. Some areas, price ranges and even individual homes, perform better or worse than others’.

So here’s a look at how much better or worse individual subdivisions performed during the peak year 2006 to the bottom in 2012 and then in 2018. The following figures are median sold prices for all single family homes sold in each subdivision during the full year shown.

Under the sold price is the % change from 2006 to 2012 and from 2012 to 2018.      
Click any of the highlighted subdivision names to see all the homes currently for sale. 
** indicates just one home sold

Subdivision	2006	2012	2018
All Foothills Sales	$570,000	$390,000 -31%	$488,000 +25%
Shadow Hills	$633,750	$425,000  -33%	$583,700 +37%
Pima Cyn	$1,766,500	$1,082,500  -39%	$1,150,000 +6%
Sin Vacas	$915,000	$625,000  -32%	$670,000 +7%
Catalina Fthls 1-9	$677,500	$530,000 -22%	$638,500 +20%
Catalina Fthls 10	$1,200,000	$992,500 -17%	$905,000 -9%
La Paloma	$675,000	$417,500 -38%	$522,402 +25%
Cobblestone	no sales	$1,004,965**	$887,500 -12%
Canyons	no sales	2,100,000	$1,550,000** -26%
Hacienda del Sol	$1,200,000	$767,500  -36%	$932,500 +21%
Foothills ll	$1,062,000	$979,750 -8%	no sales
Pinnacle Ridge	$952,500	$651,000 -32%	$779,000 +20%
Skyline CC	$1,000,000	$641,000 -36%	$851,500 +33%
Skyline Bel Air	$597,250	$345,500  -42%	$481,000 +39%
Alta Vista	$1,050,000	$845,000  -19%	$791,250 -6%
Cimarron	$722,500	$435,000 -40%	$490,500 +13%
Coronado Fthls Est	$608,750	$390,000 -36%	$569,000 +46%
Flecha Caida	$528,500	$343,000 -39%	$562,500 +82%
Fairfield	$560,000	$360,000 -35%	$444,500 +23%
Villages of Ventana	$485,000	$341,500  -19%	$398,500 +17%
Ventana CC	$1,036,250	$569,500 -45%	$694,500 +22%
Sabino Mountain	$839,250	$319,950 -62%	$541,500 +69%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sold prices sure didn't march in lockstep, they’re all over the lot, both in how far they fell and how much they’ve recovered.
This has been a painfully slow recovery, it's been six years since prices hit bottom and we still haven't gotten back to where prices were 12 years ago. 

One thing is for sure, buyers are much more price conscious these days than they were in 2004 - 2007, much more. Back then, because prices were rising so quickly, buyers were afraid  not to buy. Which lead to rampant price increases that are so far proving to be impossible to attain. 

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

in contract last week, 1/28 - 2/03/2019

From Monday January 28th  thru Sunday February 3rd - 22 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 3/12/2019)

18 were priced from $218,000 to $525,000
4 from $629,000 to $725,000
and that's it!

hmmm, nothing above $725k

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

 

 

did Catalina Foothills January 2019 home sales suffer from the economic/political & stock market volatility of the 4th Qtr 2018

January home sales are the result of deals made (contracts signed) in November & December and possibly a few in October too. 
So, hmmm, let's see.

49 single family homes sold in the Catalina Foothills in January 2019
(link expires 3/6/19)

They sold - at  median sold price of  $510,000 - at median sold $/sf of $197 - in 58 median days on market

compared to;

50 single family homes sold in the Catalina Foothills in January 2018

They sold - at median sold price of $539,500 - at median sold $/sf of $189 -  in 35 median days on market

compared to;

58 single family homes sold in the Catalina Foothills in January 2017

They sold - at median sold price of  $443,000 - at median sold $/sf of $161 - in 63 median days on market

January 2019 home sales are nothing to be ashamed of, (and are better than I anticipated) but who knows how much better they would have been without the market volatility. 

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

in contract last week, 1/21 - 1/27/2019

From Monday January 21st  thru Sunday Jan 27th - 22 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 3/2/2019)

17 were priced from $218,000 to $550,000
 3 from $619,000 to $725,000
 2  at $1,249,000 & $1,595,000

With the 2 new contracts at $1,249,000 & $1,595,000 there are now 9 homes in contract listed at $1,000,000 & UP - and 3 of them are located in Pima Canyon - and all 3 are contemporaries. 

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

in contract last week, 1/14 - 1/20/2019

From Monday January 14th  thru Sunday Jan 20th - 26 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/24/2019)

19 were priced from $274,000 ti $599,900
7 from $675,000 to $995,000
and that's it

26 contracts is more  contracts than usual for middle of January. Because while January is the beginning of our high season for home sales, buyers often want to hold off on making deals until February or even March, when more new listings have come to market and they are confident that they've seen everything they need to see before making a deal. 

So, with buyers jumping in like this, I hope it's a sign of good things to come in 2019!


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

in contract last week, 1/7 - 1/13/2019

From Monday January 7th  thru Sunday Jan 13th - 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/18/2019)

7 were priced from $355,000 to $525,000
4 from $675,000 to $847,225
1 each at  $1,149,000&$1,599,000

During that same week 34 single family homes were listed for sale; lots of new listings is what it's all about at this time of year, the time when the Catalina Foothills real estate market gets into full swing with more buyers and more homes listed for sale.

Today, there are 307 single family homes listed for sale in the Catalina Foothills - see them all at TheFoothillsToday.com

TheFoothillsToday.com 
to find your very own Catalina Foothills Home

a snapshot of $/Sq Ft Sold Prices in the Catalina Foothills

$/sf sold prices peaked in 2006 at $270 gated and $213 non-gated, and bottomed out at $184 gated and $140 non-gated in 2012.
Since then they have risen 18.5% gated and 27% in non-gated areas.
Yet, after 6 years they are still well below their 2006 prices; 19% below  in gated and 16% below in non-gated areas. 

I squeezed in too much stuff, click the chart to expand it

I squeezed in too much stuff, click the chart to expand it

However, $/Sq Ft Sold Prices rose more in 2018 than in any other year since bottoming out in 2012 -
up 7.4% in Gated areas
up  8.5% in non-gated areas

And while that seems hopeful, if the current political/economic turmoil and uncertainty continues it is sure to have a negative affect on our real estate market. Though, does anyone doubt that it hasn't already.

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

in contract during the 1st 6 days of 2019

From Tuesday January 1st  thru Sunday January 6th - 9 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 2/11/2019)

6 were priced from $249,900 to $599,000
3 from $699,000 to $845,000
and that's it for contracts.    

During that same period 35 homes were listed for sale in the Catalina Foothills and they ranged in price from $243,100 to $2,195,000, including 5 homes listed from $1,119,900 to the aforementioned $2,195,000. 
As of today there are 305 single family homes listed for sale in the Catalina Foothills of Tucson, AZ  
See them all HERE

And away we go!

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

 

2018, by the numbers

817 single family homes sold in the Catalina Foothills of Tucson, AZ in 2018;
that's -9% less than the 898 homes sold in 2017.
Nevertheless, median sold prices rose 9.6% in 2018 (to $488,000) over 2017s median sold of $445,000.

Most Popular Price Range
The most popular price range for single family home sales in the Catalina Foothills was $300,000 to $399,999 - with 186 sales, and those 186 sales equal just under 23% of all the homes sold in the Catalina Foothills single family home market.

The 2nd most popular price range was $400,000 to $499,999 with 171 sales – which equals 21% of the market. So that small slice of the market, from $300,000 to $499,999, represented 44% of all the single family homes sold in Catalina Foothills in 2018.

Most Popular Subdivision
With a whopping 41 single family homes sold in 2018, La Paloma was, hands down, the most popular subdivision. The 41 sales were priced from $265,000 to $1,040,000 and just about every price range in between.

Most Sales at $1,000,000 & UP
It was practically a photo finish
Pima Canyon came in 1st with 10 sales from $1,045,000 to $1,500,000
meanwhile, Ventana CC, with 9 sales from $1,100,000 to $3,250,000, was nipping at Pima Canyon's heels
and Skyline CC came in 3rd with 8 homes sold from $1,025,000 to $2,152,700

And Now, Even More Exciting Data
486 homes sold had private  pools – 331 did not
198 homes sold in gated communities – 619 sold in non-gated areas 
670 homes sold were single story – 147 were 2 or more stories

17 of the homes sold were built from the beginning of time to 1960  (about 2% of all sales)
306 were built from 1961 to 1980   (37% of all sales)
376 were built from 1981 to 2000   (46% of all sales)
118 were built from 2001 to 2019    (14% of all sales)

239 homes sold were cash sales
493 were conventional financing
 9   were FHA loans
53  were VA loans
 6 were owner carryback sales
17 sold with some other creative form of payment

 2 of the homes sold were short sales
10 were foreclosures
                            

That's it for now,
Have a Happy, Healthy and Prosperous 2019                        

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

 

Catalina Foothills Home Sales & Sold Prices, January - December 2018

The following charts track single family home sales and sold prices in the Catalina Foothills of Tucson, AZ for each year from 2004 thru 2018. 

First up, the number of Homes Sold up to $999,999
Home sales in 2018 fell from where they were in 2017 - and the pace of falling sales has recently accelerated;
thru June sales were down just 2.3%; - thru November they were down just under 9%;
Now they're down 10.6%. 

Next up, Catalina Foothills home sales at $1,000,000 & UP
With 62 sales in 2018 more homes have sold for $1,000,000 & UP than in every other year since 2007.
But still a long way from the 92 sales in 2007 and eons from the 126 in 2006.

Sold prices this year are UP 9.6% over last year -
and have held fairly steady all year long with just a teeny drop (-0.34) in the last few months.

Repeating what I said last month - As we look at sales in the months ahead we are very likely to see some weakness in our market as a result of the recent and continued volatility in the stock market. The two go together like PB & J, particularly at the upper-end, though the results are not always as sweet. 

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

in contract the last 8 days of 2018; 12/24 - 12/31/2018

From Monday December 24th  thru Monday December 31st - 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 2/01/2019)

7 were priced from $299,000 to $574,900
6 from $600,000 to $845,000  
and  that's it for 2018

Happy New Year!

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

 

Catalina Foothills 4th Qtr Home Sales down 25%

From January 1st thru September 30th this year Catalina Foothills single family home sales were 4.7% lower than during the same 9 month period in 2017 - a drop that could be viewed as a slight cooling of the market, nothing to get too shook up about. 

But now for the 4th Qtr., from October 1st thru today, single family home sales are down a whopping 25.7% from where they were during the 4th Qtr. of 2017 - not unexpected, given the circumstances, and no quick fix in sight.  

214 single family homes sold in the 4th Qtr of 2017 
159 sold in the 4th Qtr. of 2018 = a drop of -25.7%

there may be a few sales closing tomorrow, 12/31/2018, and if so I will update the numbers. 

If you are getting fewer showings, or no showings at all, small comfort, but you are not alone. The agents I've talked with all report sharply lower activity on their listings. And yes, less activity is also a fact of life during the holidays. But there were the same holidays in the 4th Qtr. of 2017.

Happy New Year!

(the above figures are for single family homes sold at all prices in the Catalina Foothills (85718, 85750) of Tucson, AZ)

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

 

in contract the weeks of 12/17 - 12/23/2018

From Monday December 17th  thru Sunday December 23rd - 12 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/25/2019)

7 were priced from $349,900 to $595,000
3 from $783,000 to $845,000    
2  at $1,100,000 & $1,595,000 

under the circumstances - middle of Holiday season that is marred by seriously tanking stock market & volatile political climate - 12 contracts for a wide range of prices is impressive. 

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

 

 

in contract the weeks of 12/3 - 12/16/2018

From Monday December 3  thru Sunday December 16th - 27 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/17/2018)

16 were priced from $235,000 to $597,500
 9 from $619,000 to $950,000        
and 1 each at $1,050,000 & $1,499,000 - both of which went to contract before the ink was dry, in just 3 days 
and they couldn't be more different
- $1.050 a burnt adobe built 1969 and sitting on 8 acres in the heart of the old foothills - wouldn't surprise me if the buyer is a builder planning to split the acreage and build - actually it would surprise me if it isn't a builder planning to split 'em up and build. We'll soon see.
- $1.499 a very cool contemporary built 2001 on 0.84 acres behind the pearly gates of Ventana CC. 

Also interesting, these recent two weeks had almost twice as many contracts as the two prior weeks (11/19 - 12/02).
Why, you got me. 

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

in contract the weeks of 11/19 - 12/02/2018

From Monday November 19th  thru Sunday December 2nd - just 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 1/09/2019)

9 were priced from $287,000 to $575,000
2 at $600,000 & $997,000
4  at $1,095,000 to $1,995,000

Holy smokes, very few contracts for two weeks but who (not me) expected 4 homes in contract at $1million+ in the midst of the recent and continuing stock market turmoil, and, smack-dab in the middle of the holiday season.

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

Catalina Foothills Home Sales & Sold Prices, January - November 2018

The following charts track single family home sales and sold prices in the Catalina Foothills for the period of January - November of each year from 2004 - 2018. (hover over the data points to see the exact sales figure for each year)

First up, the number of Homes Sold up to $999,999 -
While home sales this year are DOWN almost 9% from last year
they are higher this year (though in some cases just barely) than every other year since 2005.

 

Next up, Catalina Foothills home sales at $1,000,000 & UP
With 58 sales thru November more $1,000,000+ homes have sold this year than in every other year since 2007.

All well and good, but high-end sales are still miles away (-51%) from where they were in 2006 and, at this point, are still not even a threat  to 2007's sales numbers.

 

Sold prices (the brightest spot in the market) this year they are UP almost 10% over last year - and are UP 24% since hitting bottom in 2012 - though, they too still have a ways to go - as they are still DOWN 15% from their 2006 peak.

As we look at sales in the months ahead we are very likely to see some weakness in our market as a result of the recent and continued volatility in the stock market. The two go together like PB & J, particularly at the upper-end, though the results are not always as sweet.

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

Catalina Foothills Home Sales & Sold Prices, January - November 2018

Here are the numbers for single family home sales in the Catalina Foothills of Tucson, AZ for the period of January - November  2017 & 2018.  In a few days I will publish the final numbers along with the charts showing sales from 2004 thru November 2018. 

2017
783 - homes sold up to $999,999
50 sold at $1,000,000+
Median Sold Price, all sales - $442,000

2018
714  - homes sold up to $999,999
58 - homes sold at $1,000,000+
Median Sold Price - $485,000

=
an almost 9% drop this year in sales up to $999,999

a 16% increase this year in sales at $1,000,000+

And an almost 10% increase in median sold prices this year (9.7%)

**In the last two months sales this year have lost ground from where they were in September.
in September sales up to $999k were down 7% v. last year, and sales at $1,000,000+ were up 31% over last year.  

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

in contract last week, 11/12 - 11/18/2018

From Monday November 12th  thru Sunday November 18th - 13 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 12/23/2018)

7 were priced from $298,000 to $539,000
6 from $620,000 to $899,000
and that's it! 

 

find your Catalina Foothills Home
at TheFoothillsToday.com

in contract last week, 11/5 - 11/11/2018

From Monday November 5th  thru Sunday November 11th - 17 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 12/15/2018)

14 were priced from $329,987  to $599,900
 1 at $799,000
 2 at $1,090,000 & $1,250,000

The two homes that went to contract at $1,090,000 & $1,250,000 couldn't be more different and because of that they offer a glimpse of the wide range of homes available in the Catalina Foothills. One is a 2003 built contemporary with a big open kitchen, 20' ceilings, granite, travertine and located in a gated community, the other is a modest and charming Joesler built in 1937 on 3.3 acres and located on one of the few dirt roads that still remain in the old Foothills. 

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

 

in contract last week, 10/29 - 11/04/2018

From Monday October 29th  thru Sunday November 4th - 14 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 12/10/2018)

9 were priced from $299,900 to $599,000
5 from $675,000 to $849,000
and that's it, nothing with 7 figures

Despite a surprisingly active week during the week of 10/22 - 10/28 the market has slowed recently. Other recent weeks have had many fewer contracts. Yet there's no shortage of new listings, 156 new listings since October 1st, during which time just 83 homes went to contract.

So the inventory of homes for sale is climbing - and that's OK - we need more inventory,  it's been too low, there haven't been enough homes for buyers to choose from. But what we don't need, and don't want, is the concomitant slowdown in buyer activity that we have witnessed lately. 

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

in contract last week, 10/22 - 10/28/2018

From Monday October 22nd  thru Sunday October 28th - 25 single family homes went to contract - in the Catalina Foothills of Tucson, AZ (link expires 12/2/2018)

14 were priced from $240,000 to $599,900
 9 from $673,900 to $895,000
 2 at $1,195,000 & $1,500,000

A surprisingly active week for contracts, surprising because of the volatile stock market and all the mayhem that caused the market to be volatile - all of which usually results in a drop in contracts and other real estate activity in the Catalina Foothills. Go figure!

There were also 30 new listings that week. And 30 is a lot of new listings for one week in late October. (link expires 12/2/18).

Click HERE to be the first to see all the new homes listed for sale in the Catalina Foothills. New listings appear here within a minute or 2 of them going into the Tucson MLS, including all new Catalina Foothills single family home listings for the last 7 days

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

in contract last week, 10/15 - 10/21/2018

From Monday October 15th  thru Sunday October 21st - 13 single family homes went to contract - in the Catalina Foothills of Tucson, AZ (link expires 11/27/2018)

8 were priced from $279,500 to $475,000
3 from $750,000 to $975,000
2 at $1,150,000 & $1,399,000

Click HERE to be the first to see all the new homes listed for sale in the Catalina Foothills. New listings appear here within a minute or 2 of being entered as new listings in the Tucson MLS - including all new Catalina Foothills single family home listings for the last 7 days.

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

in your favorite Catalina Foothills subdivision, October 2018

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

The sold activity represents the period from Jan 1 - Oct 20, 2018.
Click any highlighted subdivision names to see all the homes currently for sale – continuously updated.

Alta Vista

8 homes for sale  from $599,000 to $1,242,000 
median list price $$992,000

2 homes in contract at $790,000 & $975,000

13 homes sold from $544,300 to $1,285,000 
median sold price $800,000
With approximately 6 months inventory AV is (what real estate gurus call) a balanced market. 

Foothills Clusters

1 home for sale at $359,900

2 in contract at $275,000 & $412,500

14 sold from $266,100 to $410,000
median sold price $312,500
With homes flying off the shelf (the 14 homes sold in 14 median days on market) and just 1 for sale it is a strong sellers market. 

 
Skyline Bel Air

12 homes for sale from $390,000 to $779,000
median list price $599,950 

1 in contract at $445,000

a whopping 23 homes sold this year - from $380,000 to $680,000
median sold price $480,000
With 12 for sale and 23 sold SBA is sitting on approx a 5 month supply of homes,= a fairly balanced market. Also, at 34 median days  on market they sold quickly.  Also also - during the same period in 2017 28 homes sold at a median sold price of $422,000 - so a nearly 14% jump in sold price in 1 year.  

 
Shadow Hills 

4 homes for sale from $479,000 to $575,000
median list price $536,000

4 in contract from $439,900 to $729,900

16 sold from $360,000 to $775,000
median sold price $592,500

4 for sale and 16 sold works out to a squeaky tight 2.5 month supply of homes in one of the most popular subdivisions in the Catalina Foothills. And get this, they sold in just  7 median days on market. 

Pima Canyon

10 homes for sale from $1,100,000 to $2,195,000
median list price $1,674,500

1 in contract at $1,175,000
worth noting, it went to contract in just 18 days

10 sold from $990,000 to $2,331,000
median sold price $1,207,500
10 for sale and 10 sold in (nearly) 10 months = a ( you guessed it) 10 month supply of homes for sale, a buyers market....so they say.


Sin Vacas (not including Villa Milano)

10 for sale from $585,000 to $1,200,000
median list price $800,100

1 in contract at $675,000

4 sold from $500,000 to $800,000
median sold price $616,500
10 for sale, 4 sold in 10 months = a 25 month supply of homes -  Yikes! a strong buyers market

La Paloma 

17 homes for sale from $325,000 to $729,000
median list price $565,000

1 in contract at $749,000

and, the envelope please
38 homes sold so far this year from $270,000 to $1,040,000
median sold price $462,500
17 for sale, 38 sold = a tad more than a 4 month supply of homes for sale - a sellers market, 

Flecha Caida

 5 homes for sale from $349,900 to $750,000
median list price $550,000

5 in contract from $365,000 to $695,000

21 homes sold from $340,100 to $1,250,000
median sold price $577,500
Yikes! with just 5 homes for sale and 21 sold this year Flecha is looking at a tad over a 2 month supply of homes for sale = a big sellers market - and with median sold prices higher than median list prices. And they sold in just 42 median days on market.

You know you're in a hot market when a home in Flecha sells for $1,250,000. Why? well, since January 2010 189 homes have sold in Flecha - 189,  and during that time only 2 homes, this one and one other home, have sold for $1million or more. Why? because the median sold price in Flecha, for that period (Jan 1, 2010 til 10/25/18) is $393,000. 

During the boom years (2005 - 2007)  it was not uncommon for builders to put up homes with $million+ price tags in much lower priced communities - and while a few of them did sell many of them didn't and went to foreclosure. And a few years later, when the buyers of those few homes that did sell tried to sell them again, they found that post-boom buyers were not eager to spend $1million for a home in a community where the median sale price was so much lower. 

Skyline Country Club

19 homes for sale from $600,000 to $1,850,000
median list price $829,000

3 homes in contract from $699,000 to $1,500,000

19 homes sold from $460,000 to $2,152,700
median sold price $890,000
with 19 for sale and 19 sold in approx 10 months Skyline is sitting on a 10 month supply of homes - on paper, a sellers market. Though, if I were a buyer, I would look closer at the various price points in Skyline to see where they're selling and where they're not....

 

 Catalina Foothills Estates 10 

4 homes for sale from $938,000 to $2,249,000
median list price $1,322,500

none in contract

7 sold from $775,000 to $1,800,000
median sold price $905,000
approximately 6 month supply of homes in Cat 10 = a balanced market... so they say 

 Fairfield 

just 2 homes for sale at $426,000 & $480,000
median list price $453,000

6 homes in contract from $340,000 to $544,000

24 sold so far this year, from $315,500 to $659,200
median sold price $437,000
With those numbers, on paper Fairfield has less than a one month supply of  homes for sale. And they sold fast - 19 median days on market. Needless to say, if you want Fairfield you will need to act quickly and make a strong offer. 

Sabino Mountain

3 for sale from $410,000 to $1,150,000
median list price $679,000

1 in contract at $360,000

7 sold from $355,000 to $805,000
median sold price $483,000
currently, about a 4 month supply of homes on Sabino Mountain

Ventana Country Club

14 homes for sale from $595,000 to $1,550,000
median list price $897,000

4 in contract from $525,000 to $1,399,000

30 sold from $340,000 to $3,250,000
median sold price $677,000
A banner year for home sales in Ventana - currently, with a 4 - 5 month supply of homes for sale. 

Thanks for tuning in, I hope it has been informative and helpful.
Contact me if you have any questions.
 

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

in contract last week, 10/8 - 10/14/2018

From Monday October 8th  thru Sunday October 14th - 11 single family homes went to contract - in the Catalina Foothills of Tucson, AZ (link expires 11/16/2018)

8 were priced from $340,000 to $474,999
3 from $629,000 to $820,000
and that's it, nothing with 7 figures

A slow week for sure. 
Rising interest rates, a rocky stock market and unusually wet weather in Tucson. What else...?

Click HERE to be the first to see all the new homes listed for sale in the Catalina Foothills. New listings appear here within a minute or 2 of them going into the Tucson MLS, including all new Catalina Foothills single family home listings for the last 7 days

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

in contract last week, 10/1 - 10/07/2018

From Monday October 1st  thru Sunday October 7th - 18 single family homes went to contract - in the Catalina Foothills of Tucson, AZ (link will expire on 11/10/2018)

13 were priced from $275,000 to $549,000
 4 from $625,000 to $749,000
 1 at $1,337,500

the median days on market (MDOM) for this group was 43 days  - 22 more days than the previous week, 

We'll see where the stock market goes but if it doesn't go back up you can bet we will be seeing higher DOM, fewer contracts and of course fewer sales. 

Click HERE to see all the new homes listed for sale in the Catalina Foothills within a minute or 2 of them appearing in the Tucson MLS, including all new Catalina Foothills single family home listings for the last 7 days

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

 

in contract last week, 9/24 - 9/30/2018

From Monday September 24th thru Sunday September 30th - 16 single family homes went to contract - in the Catalina Foothills of Tucson, AZ (link expires 11/02/2018)

12 were priced from $269,500 to $580,000
 3 from $699,000 to $995,000
 1 at $1,175,000

and they went quickly, just 21 median days on market 
these days the biggest complaint we're hearing is about the lack of inventory, and it's absolutely true, at most price points there are very few homes to choose from - and of course the most desirable homes go very quickly. 

Click HERE to see all the new homes listed for sale in the Catalina Foothills within a minute or 2 of them appearing in the Tucson MLS including all new Catalina Foothills listings for the last 7 days

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

in contract last week, 9/17 - 9/23/2018

From Monday September 17th thru Sunday September 23rd -  11 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 10/26/2018)

9 were priced from $273,000 to $524,995
2 from $725,000 to $750,000
and that's it!

a quiet week.

there are 269 single family homes for sale in the Catalina Foothills, priced from $264,00 to $12,500,000
see them all at TheFoothillsToday.com 
to find your very own Catalina Foothills Home

 

in contract last week, 9/10 - 9/16/2018

From Monday September 9th thru Sunday September 16th -  16  single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 10/22/18)

13 were priced from $279,000 to $575,000
  2 from $739,000 to $875,000
  1 at $2,331,000

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

 

Read all about it

The New York Times profiles Tucson in its popular 36 Hours column;

By Elaine Glusac
September 20, 2018

 36 hours in Tucson

... and don't miss the comments 

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

More activity at $1,000,000 & UP

The upper-end market has improved in the last 3 years and this year more homes have sold at $1,000,000+ than in any of the last 9 years. 

So it stands to reason that would-be sellers, sellers who have held off listing their homes for years, are now getting off the fence and listing them. Not quite in droves but almost. Just in the last month, and it was a typical hot Tucson summer month, 17 homes were listed from $1,100,000 to $3,895,000 - an unusually high number of high-priced listings for this time of year. 

 During that same period 6 homes listed from $1,025,000 to $2,331,000 went to contract and 5 homes sold at $1,000,000+  - during what is commonly  regarded as the slowest time of year for the high-end market.  

And with all that activity, listings, contracts and sales, there are just 51 homes for sale at $1,000,000 & UP. Just 51, well yes, relative to other years there are fewer $1,000,000+ homes for sale this year. 

at this time in, 

2017 -  67 for sale

2016 - 71 for sale

2015 - 77 for sale

2013 - 82 for sale

 While the Catalina Foothills high-end market is not yet out of the woods, it appears to finally be headed in the right direction.

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

 

tidbit; in Pima Canyon, just two sales above $420/sf in the last 10 years

and one of those sales was just the other day at $421/sf - a cash sale for $2,335,240.49 on a new spec home. 
The only other sale above $420 (in last 10 years) was in 2013 at $468/sf. 

However, sales above $420/sf were plentiful in 2006 when 9 homes sold in PC for $420 or more (out of a total of 20 homes sold that year), but then in 2007 just 2 sold and then nothing more until the aforementioned 2013 sale. 

During that time, from Jan 2006 thru today, 153 homes sold in Pima Canyon at a median $$/sf sold price of $286/sf. 

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

in contract the last 2 weeks, 8/27 - 9/9/2018

From Monday August 27th thru Sunday September 9th -  29 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link  expires 10/13/2018)

18 were priced from $315,000 to $595,000
 8 from $650,000 to $894,900
 3 from $1,075,000 to $1,325,000 

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

in contract last week, 8/20 - 8/26/2018

From Monday August 20th thru Sunday August 26th -  18 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 9/30/2018)

15 were priced from $235,000 to $599,000
 3 from $650,000 to $995,000
 and that's it! 

Once again, a pretty good haul for the dead of August

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

in contract last week, 8/13 - 8/19/2018

From Monday August 13th thru Sunday August 19th -  15 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 9/25/2018)

8 were priced from $299,900 to $565,000
4 from $674,900 to $975,000
3 from $1,025,000 to $1,195,000

Impressive numbers for the dead of August

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

in contract last week, 8/6 - 8/12/2018

From Monday August 6th thru Sunday August 12th -  8 single family homes went to contract in the Catalina Foothills of Tucson AZ (link will expire 9/18/2018)

7 were priced from $269,000 to $415,000
1 at $689,000
and that is it!

August strikes again ... 

The numbers for the previous week are HERE

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

12 years later and we’re still not there

Median sold prices in the overall Catalina Foothills market peaked in 2006 at $570,000, and bottomed out in 2012 at $380,000 - a 33% drop.  And now, thru July of this year, median sold prices are at $495,000 - UP 30% from 2012, but still well below where they were in 2006 - 12 years ago. 

But the foothills market is wide and varied and prices in individual subdivisions have performed differently, often wildly different, from the overall market. See for yourself, I've pulled the numbers and done the math for a selection of popular  Foothills subdivisions; 

The median sold prices are for January – July of each year. 
The +/- % reflects the drop in median sold prices from 2006 to 2012 and the change, up or down, from 2012 to 2016. (click any subdivision name to see all the homes currently for sale – continuously updated)

Shadow Hills 
2006 – $646,500 
2012 – $420,000 (-35%) 
2018 – $592,500 (+41%)

Catalina Foothills Estates 1 –9 
2006 - $665,000
2012 - 529,250 (-20%) 
2018 - $628,750 (+19%)

Catalina Foothills Estates 10 
2006 - $1,092,500
2012 - $843,500 (-23%)
2018 - $1,094,500 (+30%)

Sin Vacas 
2006 - $895,000 
2012 - $675,000(- 24%) 
2018 - $650,000 (– 4%)

Pima Canyon 
2006 -  $2,050,000 
2012 - $1,075,000 (- 47%) 
2018 - $1,150,000 (+ 7%)

Cobblestone 
2006 – 0 sales 
2012 - $1,004,965 (1 sale) 
2018 - $887,500( -12%)
 

La Paloma 
2006 - $625,000 
2012 - $400,000 (- 36%) 
2018 - $460,000 (+15%)

Hacienda del Sol Est 
2006 - $1,550,000  
2012 - $800,000 (- 48%) 
2018 - $744,000 (-7%)

Pinnacle Ridge 
2006 - $1,005,000  
2012 - $651,000 (- 35%) 
2018 - $802,500 (+ 23%)

Skyline CC Estates 
2006 - $1,082,500 
2012 - $641,000 (- 41%) 
2016 - $912,500 (+42%)

Skyline Bel Air 
2006 - $597,250 
2012 - $350,000 (- 41%) 
2018 - $481,000 (+31%)

Cimarron 
2006 - $745,000 
2012 - $478,000 (-36%) 
2018 - $510,000 (+7%)

Fairfield/Sunrise 
2006 - $543,750 
2012 - $335,000 (- 38%) 
2018 - $451,750 (+35%)

Ventana CC 
2006 - $1,036,250 
2012 - $425,000 (- 59%) 
2018 - $740,000 (+74%)

Sabino Mountain 
2006 - $914,250 
2012 - $268,400 (-70%) 
2018 - $533,750 (+ 99%)

Every subdivision took a hit – some much bigger than others and, except for Cat 10, none are back to where they were, or even reasonably close to where they were, 12 years ago. 

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

in contract last week, 7/3 - 8/05/2018

From Monday July 30th thru Sunday August 5th -  11 single family homes went to contract in the Catalina Foothills of Tucson AZ (link expires 9/07/2018)

8 were priced from $300,000 to $590,000
3 from $674,900 to $950,000
and that's it, nothing with 7 figures.

that's August for you... the slowest time of year

The numbers for the previous week are HERE

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

$1,000,000+ Home Sales in the Catalina Foothills & Oro Valley/Northwest

This is an updated version of a post I did in 2016.

A reader of this blog wondered if the lukewarm recovery of the $1,000,000+ home market in the Catalina Foothills was perhaps due to an increasing number of high-end buyers choosing Oro Valley/Northwest over the Foothills.

Hmmm, being a dedicated Foothills aficionado it was hard for me to imagine buyers choosing OV/NW over the Catalina Foothills. But anything is possible, so to clear the air I pulled the sales numbers for the Foothills and OV/NW and here is what I found;

 

Well, as you can see, at first glance, it does not appear to be the case that large numbers of buyers are choosing OV/NW over the Foothills. What did happen is that after exploding briefly during the boom years the Catalina Foothills market nose-dive-crashed and has bumped along the bottom ever since. And during that same time the OV/NW market rose, but rose gradually and very gently. And likewise when the OV/NW market fell it was more of a gentle easing of sales rather than an actual fall. 

And because the Foothills market fell so dramatically, and has yet to get back on its pre-2008 feet, while sales in OV/NW slipped very gently, the effect has been that since Foothills sales tumbled a higher percentage of $1,000,000+ homes have been selling in OV/NW. 

As follows;

In 2004 OV/Marana captured just 20% of all sales at $1,000,000 and UP
In 2006 OV/Marana captured just 17% of all sales at $1,000,000 and UP.
In 2008 OV/Marana's share jumped to 39% of sales.
In 2010 OV/M captured 36% of sales
In 2012 OV/M captured 27% of sales
In 2014 OV/M captured 35% of sales
In 2016 OV/M captured 33% of sales
and so far in 2018 it is 23%

And if buyers are choosing OV/Marana over the Catalina Foothills they are doing so for at least one reason, the abundance of newer homes available up there v. here in the Foothills. 

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

 

in contract the last 2 weeks, 7/16 - 7/29/2018

From Monday July 16th thru Sunday July 29th -  42 single family homes went to contract in the Catalina Foothills of Tucson AZ (link will expire 8/31/18)

25 were priced $275,000 to $579,000
16 from $649,900 to $890,000
 1 at $1,076,400

The numbers for the previous week are HERE

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

36 sales at $1million & UP so far this year

36 homes have sold for $1million & UP so far this year (thru 7/20/2018) 
Where did they sell?

In alphabetical order by Subdivision; (click highlighted subdivision name to see all homes currently for sale)

1 sold in Alta Vista for $1,005,000 - list price $995,000 in 18 days (though it was on the market before & failed to sell)

 1 sold in Canyon Ranch for $2,400,000 - list price $2,750,000  in 449 days

1 sold in Catalina Foothills Estates 3 for $1,000,000 - list price $1,150,000 in 48 days

1 sold in Catalina Foothills Estates for $1,273,000 - list price $1,325,000 in 150 days

2 sold in Catalina Foothills Estates 10
one sold for $1,284,000 - list price $1,349,000 in 91 days
the other for $1,800,000 - list price $1,995,000 in 441 days

1 sold in Cobblestone for $1,300,000 - list price $1,395,000 in 503 days

1 sold in Cobo Catalina Hills for $1,200,000 - list price $1,195,000 in 94 dayys

 2 sold in Coronado Foothills Estates
one sold for $1,017,500 - list price $1,195,000 in 468 days
the other sold for $1,018,000 - list price $989,000 in 68 days

1 sold in Finisterra for $1,020,000 - list price $1,099,000 in 162 days

1 sold in Flecha Caida for $1,250,000 - list price $1,450,000 in 201 days

1 sold in La Paloma Ridge Estates for $1,040,000 - list price $1,099,999 in 773 days

7 sold in Pima Canyon Estates
1 sold for $1,038,000 - list price $1,049,000 in 251 days
1 for $1,240,000 - list price $1,250,000 in 5 days
1 for $1,060,000 - list price $1,110,000 in 0 days (went to contract the first day it was listed)
1 for $1,500,000 - list price $1,699,000 in 185 days
1 for $1,325,000 - list price $1,395,000 in 223 days
1 for $1,175,000 - list price $1,175,000 in 6 days 
1 for $1,125,000 - list price $1,125,000 in 0 days (went to contract the first day it was listed)

1 sold in Rockcliff for $1,360,000 - list price $1,495,000 in 11 days

5 sold in Skyline Country Club Estates
1 sold for $2,152,700 - list price $2,399,000 in 14 days
1 for $1,100,000 - list price $1,195,000 in 32 days
1 for $1,200,000 - list price $1,249,000 in 112 days
1 for $1,400,000 - list price $1,500,000 in 851 days
1 for $1,261,000 - list price $1,495,000 in 722 days

1 sold in Skyline CC Heights for $1,025,000 - list price $1,099,000 in 35 days

1 sold in Summit Ridge for $1,250,000 - list price $1,289,000 in 0 days (went to contract the first day it was listed)

1 sold in Sunset Canyon for $1,900,000 - list price $1,600,000 (not a typo) in 25 days. Cash sale it may have included personal items, furniture, art, etc., rather than a $300k bidding war - which I doubt but it is possible.

7 sold in Ventana Country Club, 6 of which were in the Mountain Estates
1 for $1,450,000 - list price $1,499,000 in 189 days
1 for $2,200,000 - list price $2,495,000 in 52 days
1 for $3,000,000 - list price $295,000 in 1473 days (previously listed for as high as $7,000,000)
1 for $1,435,000 - list price $1,650,000 in 141 days
1 for $1,405,000 - list price $1,595,000 in 435 days
1 for $3,250,000 - list price $3,499,000 in 19 days (previously listed as high as $8,250,000)
1 for $1,897,000 - list price $1,995,000 in 98 days

 And that's it, 36 sales at $1million & UP so far for 2018.
At this point;
in 2017 there were 32 sales 
in 2016 27 sales 
in 2015 17 sales 
in  2014 22 sales 
in 2006 79 sales!!!

Also, please note - many of the homes listed above were on the market previously - some for months or years and at higher list prices too. If a home was on the market previously and taken off the market for 30 days or longer before being re-listed for the current sale, that previous period is not counted in the days on market noted above - because the MLS sets the clock back to zero if a home is relisted after being off the market for 30 days or longer.

So, in some cases, the above data and details are merely a snapshot of what transpired during the latest listing and sale and are not a complete history of each property. 

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

 

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

in contract last week, 7/9 - 7/15/18

From Monday July 9th thru Sunday July 15th -  18 single family homes went to contract in the Catalina Foothills of Tucson AZ.

16 were priced from $300,000 to $567,000
 1 at $765,000
 1 at $1,225,000

 

Welcome to the hot, moist, middle of a Tucson summer. 

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

in contract the last 2 weeks, 6/25 - 7/8/ 2018

From Monday June 25th thru Sunday July 8th -  34 single family homes went to contract in the Catalina Foothills of Tucson AZ. (link will expire 8/8/2018)

21 were priced from $225,000 to $575,000
  9 from $600,000 to $959,000
  4 from $1,150,000 to $1,650,000

Yes, the lion's share of the market is still under $600k, but, and especially but for the dead of summer, plenty of deals are happening above and way above $600k. 

The numbers for the previous week are HERE

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