when was the last time a house went to contract in

Pima Canyon
How does July 7th sound. And that was for the foreclosure at 2112 E Sentry Ridge that had been listed as high as $5.9 and was eventually foreclosed and listed for $1,999,999 & sold quick-as-a-bunny for $1.765. Two other sold in the  last six, one for $1.9 the other for $2.0(20 for sale in PC, running the gamut in size, style and $$$$ from $898,500 to $4,950,000)

Cobblestone
July was good to Cobblestone too. They had contract for a $999,000 listing that sold for $887,500 that, back in the day, was asking $1,425,000. Two other sales up there this year; one for $1.1 in January and a short sale that went for a million even in August.  
(just 2 for sale in Cobblestone - $1,399,000 & $2,649,000), then again, both are higher $$$ than anything sold in there this year.

Cat 10
Cat 10 sure has pulled out of its slump recently. The last contract in there was last week. That was on a $1,990,000 listing where I represented the buyers. Unfortunately the deal fell through. The week before that 3860 E SUMO NOVENO went to contract listed at the bargain price of $1,195,000 – it was scooped up within 36 hours of showing its face in the MLS. Before that, in mid August, 4440 N Via De La Granja and in mid July  4705 N Via De La Granja went to contract and sold for $1,450,000 in August.
( still a hefty supply though, 11 for sale in Cat 10 )

La Paloma Estates
Finally. Until 2 weeks ago, when 5730 N Calle Mayapan listed at $925k went to contract, there’d been nothing in contract in the big La P since last December. Yes, that’s December 09. At that time 3407 E Via Palomita sold for $975k.
(5 for sale in the big La P, and a few have been at it for a many moons)

The rest of La Paloma
That is, the ridge estates, etc, located on the north side of Sunrise thru the Via Palomita gate.  There is nothing under contract at the moment in this section of La P, on the other hand 5 have sold in the last six months and with just two for sale, supplies are mighty thin. 
So this La Paloma is doing just fine, thank you. 

Hacienda del Sol Estates
One month ago –  5106 N Avenida De Castilla, the house of many steps and a short sale listed for $549,000, down from its all time high of $1,199,000 – went to contract. And it looks like it’s sticking.
Before that, 4941 N Avenida De Castilla went to contract in late July and closed on 9/1 for $580,000. Before that, 4911 N Avenida De Castilla went to contract in April and closed in late May for $600k as a foreclosure. And at about the same time 4920 N Avenida De Vizcaya went to contract at $899,000 and sold for $753,500. So some sales in HdS, but at the very low end of the scale. ( 4 homes currently for sale )

the Canyons
Nothing in contract or sold since June 08.
(but 6 for sale, from $1,990,000 to $13,500,000 -Get the picture)

Alta Vista 
6260 E Placita Del Nido, a short sale originally priced at $1,189,000, went to contract in mid September and closed the other day for $850,000. And 5855 E Placita De La Zuerencia went to contract in August and closed in early September for $1.2.
Before that it looks like 6542 N Placita Alta Reposa is next in line. It went to contract in May at $975 and closed in June at $900K.
With just 4 sales in six months & ( no waiting, 17 for sale in Alta Vista ) we’re looking at about a 2 year supply of homes in AV.

Cimarron
Cimarron has been hanging in there, though sales have slowed lately.  6279 E Placita Chiripa went to contract in early July at $525k and closed in early August at $500k. 5936 N Via Verdosa went to contract in early June at $849 and closed in late June at $730.  + 4 other sales earlier this year. Yeah Cimarron. (but there are still 12 for sale in Cimarron)

Shadow Hills
Shadow Hills on the other hand has been a beehive of activity.
6100 N Camino Arturo & 1781 E Placita Padre Isidoro both went to contract on 9/23. Plus, get this, 12 sales in Shadow Hills in the last 6 months – with the latest closed last week. (there are 14 homes for sale in Shadow Hills – so a relatively lean 7 month supply)

Fairfield
Since Fairfield has a fair (ha-ha) number of townhomes, in addition to single family homes, I’ve included both in this tally. Doing so, we see there are 5 homes currently  in contract, with latest having been snagged on 9/29. And 18 sold in the last six months. (and 35 for sale in Fairfield, including townhomes & sfr’s) So quite a few sales but also a lot for sale = a one year supply in the ever-popular Fairfield.

Ventana Canyon Estates
Zero under contract at the moment in the big V. And the last and only contract & sale in the last 6 months was for an even million in May. There are, however, should the pendulum swing and buyers suddenly appear, 10 for sale in Ventana Canyon Estates – ranging from $849,000 to $1,999,900. 

Ventana Canyon Mountain Estates
And ending in an unexpected sweet spot, the mountain estates are going great guns lately. There’s one home in contract at the moment at around $1.5 and three others have sold this year – @ $1.7, $2.2 & another just last week for $2.1. (and, better yet, just 3 for sale)
The listing link will show 4 for sale but the one on Eagle Ridge is a short sale that is in contract but not yet totally nailed down.

see thefoothillsToday.com
to find your Foothills home

Comments

[john schneider]

And west of Swan you are also closer to St Phillips Plaza with all it has to offer & Casas Adobes Plaza + the big boxes, etc of Oracle Rd. No contest.

[Stuart]

No doubt you are correct...the out of town buyers...no doubt mostly snowbirds...looking for a second or 3rd home in "Paradise"..would look for areas with more choices of restuarants and shopping. Thus, West of Swan towards Campbell and La Encantada is where the action is.

Those that love to hike Sabino Canyon may prefer the further east location..but no one can compare the shopping center at Kolb and Sunrise shopping with the area 'round Sunrise and Campbell!

[john schneider]

Stuart, many of the homes in Alta Vista are upper-end in $$$ and, as almost everywhere else in the foothills, are not selling well. Unfortunately I have no sharper insight or better explanation.

My clients tend to be from out of town, are often 2nd, 3rd or retirement home buyers, and seem to prefer the area from about Swan and west. So La Paloma, cat 10, cobblestone, Pima Cyn and the old foothills, et. I think one reason for that is that that area has quicker, easier access to more restaurants, shopping, galleries, etc, than does the area east of Swan. La Encantada and the development of the three surrounding corners contributed significantly to that convenience and attraction.
JS

[Stuart]

An excellent summary, JS...though it should be noted that in Alta Vista the Del Nido home was either a foreclosure or short sale at $850,000, down from I think close to $1.2 miilion.

Speaking of Alta Vista, for some reason the inventory of homes in that area are near all time high levels...with few sales to show for it. Any thoughts on why this is...or are the prices just too high for the market? There was also some homes in this area that were on the market last year...did not sell...and were withdrawn...so we have a "shadow inventory" in that area as well.

Do you or most of your clients have a "favorite" area in the foothills or is a very individual thing. Obviously one cannot compare Fairfield or Cimarron to Pima Canyon or Ventura Mtn. Estates since the price differentials are quite significant..and some areas are just out of many buyers reach. Difficult to compare apples and oranges.