with summer officially over, and none to soon for most Tucsonan’s, including the real estate community, we can start dreaming about lower temperatures and rising home sales.
But while it was plenty hot it was also a surprisingly good summer for home sales, particularly at the upper-end – an unexpected improvement over what had been a slower year.
Here’s a look at single family home sales for summer of 2013 vs. summer of 2014;
June 1 – August 31, 2013
254 homes sold, with just 4 sold for $1,000,000 or more
June 1 – August 31, 2014
225 homes sold, with 12 sold for $1,000,000 or more.
So for June – August , overall sales are down 11% over last summer, while sales at $1,000,000+ are up 200%.
And that’s an improvement over how things were going until summer. Overall sales this year had been consistently lagging last year’s numbers by about 20%.
And until summer, sales at $1,000,000+ were also slower than last year’s dismal numbers.
But now, with uncharacteristically HOT summer sales, 2014 is up 12% over 2013. And there are 11 homes listed at $1,000,000+ in contract.
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