The Catalina Foothills

in contract last week, 1/10 - 1/16/2022

From Monday January 10th thru Sunday January 16th,  19 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(85718 / 85750)  (link expires

5 were listed from $455,000 to $599,000
9 from $625,000 to $975,000
5 from $1,029,000 to $2,499,000

 all 19  went to contract in 9 median DOM - while 8 of them went in 3 days or less

 

Take care, stay well

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

see TheFoothillsToday.com 
to find your Catalina Foothills Home

 

2021 was an Extraordinary Year for Catalina Foothills Upper-End Home Sales

182 homes sold from $1,000,000 to $4,063,564 - way more sold than in any other year, ever.
Where did most of them sell
the following were the top 11* subdivisions + unsubdivided sales for high-end sales in 2021
(*based on # of homes sold)
Click any subdivision name to see all the homes that are currently for sale = Active + Active Contingent = 1st stage of in-contract. 
if you get 0 results it is because there is nothing for sale at this time. 

Catalina Foothills Estates (1 - 9)
16 sold $1,047,098 to $2,610,000
$1,422,500 MSP / 7 DOM / @  $334/sf 

Catalina Foothills Estates 10
12 sold $1,100,000 to $1,695,000
$1,399,520 MSP / 12 DOM / @ 280/sf

La Paloma (including Ridge, Estates)
9 sold $1,200,000 to $2,500,000
$1,294,300 MSP / 6 DOM / @ $304/sf

Pima Canyon
25 sold $1,020,000 to $3,175,000
$1,595,000 MSP / 8 DOM / $383/sf

Ventana Canyon (including CC, Estates, Mountain Est, Whaleback)
11 sold $1,000,000 to $4,063,564
$1,371,000 MSP / 24 DOM / $270/sf

Skyline CC
10 sold $1,000,000 to $3,337,500
$1,525,500 MSP / 32 DOM / $348/sf

Flecha Caida
5 sold $1,104,700 to $1,400,000
MSP  $1,225,000 / 45 DOM / @ $288/sf

Alta Vista 
6 sold $1,050,000 to $1,400,000
MSP  $1,087,500 / 10 DOM / $282/sf

Sabino Mountain
4 sold $1,280,000 to $1,590,000
MSP  $1,335,000 / 2 DOM / $347/sf

Canyons (The)
5 sold $2,600,000 to $3,795,000
MSP  $3,200,000 / 28 DOM / @ $470/sf

Finisterra
5 sold $1,325,000 to $2,950,000
MSP  $1,895,000 / 137 DOM / @ $335/sf

last but not least,
Unsubdivided 
foothills homes that are not located in a subdivision, no ccr's, no hoa, no hoa meetings, fees. Unsubdivided homes are located in different areas throughout the foothills. 
Unsubdivided    (link will expire 2/17/22)
13 sold $1,025,000 to $3,250,000
MSP  $1,535,000 / 17 DOM / @ $399/sf

That should be 121 of the 182 homes sold at $1,000,000+ last year, the remaining 61 are located here and there in a variety of subdivisions throughout the foothills.

To sum it up,
182 sold $1,000,000 to $4,063,564
MSP  $1,347,400 / 10 DOM / $320/sf

Wow!

Best year for upper-end sales before 2021?,  long time ago, 2006

Have a look, this first chart is 2005 to 2020

and this one is 2015 thru 2021, POW out of the park

 

Take care, stay well

John Schneider, Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
(520) 271-4164
johnschneiders@gmail.com

see thefoothillsToday.com 
to find your Catalina Foothills home

what’ll it be, 85718 or 85750

THIS IS A RE-POST OF A BLOG POST I WROTE IN 2015, 
this new version is updated here and there, the graphs and the numbers, the # of homes for sale, in contract, sold etc, 

The Catalina Foothills is divided into two zip codes, 85718 and 85750, with Craycroft Rd the east/west dividing line between the two. 

Most of the buyers I meet have a preference for one or the other or they quickly develop a preference as they investigate the two areas.  And aside from the homes that are for sale in each zip their preference is often based on the look, feel, geographic, topographic, tempo and convenience features of the two areas - which are fairly distinct.

85718 is more developed, with more plazas, restaurants, bars, boutiques, shopping and, some would say, more pizzazz.  718 is also closer to downtown Tucson, to Banner Medical Center and to the University of Arizona.  And if you’re looking for an older adobe home or a Joesler, you are, with some exceptions, talking about 718. 718 is where John Murphey and Josias Joesler first established the Catalina Foothills Estates, the very first development in the Catalina Foothills in the 1930’s. 85750 came much later. And though not to everyone’s taste, 718 also has many more gated communities than 750.

But 85750 has its charms as well. With its main shopping, restaurant and retail plaza at one location, at Kolb & Sunrise, it’s less developed, less busy with fewer vehicles coming and going and has a calmer, more tranquil atmosphere than 718. For recreation and rejuvenation 750  is home to the hard to beat combination of  Sabino Canyon, Canyon Ranch and Ventana Canyon Golf & Racquet Club.

And beyond that there are also price differences between the two zips, with more higher priced homes in 85718. And, in general, you probably get a bit more home  for your money in 750. Though, with the current crazy market, who knows. 

Below on the left side is 85718 with a grand total of 42 single family homes for sale – bordered on the north by the Coronado National Forest, Craycroft Rd on the east - River Rd on the south and 1st Ave on the west.

And on the right is 85750 with an equally meager selection of 38 single family homes for sale –  bordered on the north by the Coronado National Forest then Sabino Canyon and Sabino Creek on the east, River Rd on the south and Craycroft Rd on the west.

When this post originally appeared in 2015 there were 206 homes listed for sale in 718 and 192 in 750... those were the days when you could find a home that you liked and sleep on it and it would still be there in the morning. Now, not so much.

For you number crunchers, 85718 v. 85750 by the numbers.
The number of homes for sale, in contract and the number sold in the last 6 months, along with median list and sold prices and DOM.

85718
42 homes for sale
$1,237,500 - Median List Price

44 homes in contract
$774,500 - Median List Price

239 homes sold in the last 6 months
$750,000 - Median Sold Price
8 - DOM  

85750
38 homes for sale
$1,299,000 - Median List Price

38 homes in contract
$699,500 - Median List Price

194 sold in last 6 months
$635,000 - Median Sold Price
5 - DOM

Why are the median list price numbers so much higher than median sold prices.

There are more homes listed for sale at $1Mil+ (44 ) than there are listed for up to $999k (35), which puts the median list price up in the $1Mil+ range.
In terms of sales though, homes listed for up to $999k sell many more (53 in the last 30 days) than sell at $1Mil+ (20 in last 30 days), which puts the median sold price at well under $1Mil. 

Check out the Market Snapshot for a closer look at the number of listings, contracts and sales by price range.

85718 & 85750, they’re both in the Catalina Foothills but the look, feel and tempo of each are  different. If you’re new to town be sure to check out both areas.

 

Take care, stay well

John Schneider, Realtor®
Tierra Antigua Realty
Catalina Foothills Homes
(520) 271-4164
johnschneiders@gmail.com

see thefoothillsToday.com 
to find your Catalina Foothills home

 

in contract the 1st week of 2022, 1/3 - 1/9/2022

From Monday January 3rd thru Sunday January 9th,  19 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(85718 / 85750)  (link expires 2/10/2022)

5 were listed from $525,000 to $595,000
9 from $600,000 to $879,000
5 from $1,089,000 to $1,850,000

and, as has been the case for the last 12 months or so, the 19 homes went to contract in a flash, in 5 MDOM (median days on market)

 

Take care, stay well

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

see TheFoothillsToday.com 
to find your Catalina Foothills Home

a rip roaring start to the New Year

9 new listings in last 3 days and 5 of them, priced from $799,000 to $1,300,000, are already in contract - and 4 of the 5 went to contract on the same day they were listed. 

Take care, stay well. 

John Schneider, Realtor®
Catalina Foothills Homes
(520) 271-4164
johnschneiders@gmail.com

see thefoothillsToday.com 
to find your Catalina Foothills home

Catalina Foothills Home Sales Data 2015 thru 2021

Hello and welcome

If you've been following my monthly sales reports from previous months, this one is pretty much the same. A continuation of the same hectic, low-supply / high-demand, fast moving market we've seen for all of 2021. The only difference here is that this report includes the sales data for the full years from 2015 thru 2021. 

The following charts track the single family home market in the Catalina Foothills of Tucson, AZ and include the number of homes sold, median sold prices (MSP) and days on market (DOM) for each year from 2015 thru 2021.

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

First up is a chart showing the number of homes sold for up to $999,999, which comprises about 80% of all the homes sold in the Catalina Foothills. It's a market that had been fairly stable and slowly improving in recent years, that is, until everything changed in Feb-March of 2020.
The  drop in sales of homes sold for under $1Mil is due to the all-time low supply of homes for sale, a predicament that began in Feb-March 2020 and has continued and worsened since then. The drop in sales in 2021 was not due to lack of motivated buyers. No. There were and still are plenty of buyers. There are not nearly enough homes for sale to satisfy those buyers.

On the other hand sales at $1,000,000 & UP are Way UP. Huh?  How? Why? After peaking in 2006 at 126 homes sold, followed by the devastating market crash of Sept. 2008, by 2009 $Mil+ sales had dropped 68%, to 40 homes sold that year. Upper-end sales continued to bounce along the bottom - averaging about 46 homes sold/year from 2009 to 2019 - until 2020 when things perked up in the 2nd half of the year with 86 sold. As you might imagine, there were a lot of high-end homes unsold and left over from those stagnant years. And many of those homes, and others that recognized the opportunity, came back on the market in time for 2021 when the market really took off with a record shattering 182 homes sold from $1,000,000 up to $4,063,564. 

Next up, median sold prices for all homes sold. Prices are also Way UP. They're up 22.5% over 2020 and up 40% over 2019

Some of that price jump is due to the big increase in the number of homes sold for $1,000,000 & UP in 2021.
If we include only homes sold for up to $999,999 the 2021 price increase is 16% over 2020 and 32.8% over 2019. 

Next, DOM.. Homes sold faster, by a wide margin, in 2021 than in any other year

at the risk of beating it to death ...
The supply of homes is both very skimpy and also lopsided. 959 total homes sold in 2021
As I noted up above, home sales up to $999,999 comprise about 80% of the market - 777 sold in 2021
while home sales at $1Mil and Up comprise about 20% of the market - 182 sold in 2021

yet, of the overall skimpy supply, just 77 homes for sale at all prices
33 of them (43%) are listed for up to $999,999
while 44 of them (57%) are listed at $1Mil and UP

Which makes for a very tight market across the board, but even more so at under $1Mil.

Check out the Market Snapshot for a more detailed look at current supply and demand

Contact me if you have a question or would like my help navigating the market.  Thanks for stopping by.

Take care, stay well. 

John Schneider, Realtor®
Catalina Foothills Homes
(520) 271-4164
johnschneiders@gmail.com

Tierra Antigua Realty, Foothills Office
1650 E. River Rd
Tucson, AZ 85718

see thefoothillsToday.com 
to find your very own Catalina Foothills home

 

in contract last week, 12/20 - 12/26/2021

From Monday December 20 thru Sunday December 26,  13 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(85718 / 85750)  (link expires 1/28/2022)

 2 were priced at $349,000 & $475,000
10 from $629,000 to $880,000 
  1 at $1,300,000

 

Wishing you a happy, healthy New Year

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

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

10 hidden gem housing markets

and Tucson is one of them. 

According to a recent article in Market Watch
         -------------------------------------------------------------------------

These 10 ‘hidden gem’ housing markets are poised for major growth in 2022, Realtors predict

By
Jacob Passy

Home-price appreciation is expected to slow next year — but some markets will continue to stand out

Next year may not see the runaway home-price growth of 2021, but certain markets are set to see prices rise considerably in the new year.

The National Association of Realtors conducted a survey of more than 20 economic and housing experts to gauge their expectations of home-price growth, inflation and interest-rate movements in the year ahead. The group predicted that median home prices will rise by 5.7% in 2022, compared with a 4% rate of inflation overall.

Meanwhile, these experts projected that the Federal Reserve would opt to hike interest rates twice by 0.25%. On Wednesday, the Central Bank said it was projecting three interest-rate hikes next year, as well as three in 2023 and two in 2024.

Depending on whether the Fed’s current projection holds true, the rate of home-price growth could be even lower next year.

“Slowing price growth will partly be the consequence of interest rate hikes by the Federal Reserve,”

Lawrence Yun, chief economist at the National Association of Realtors, said. Higher rates will tamp down the pace of home sales, which Yun projects will fall to 5.9 million from the annual rate of 6 million estimated for all of 2021.

Some undervalued housing markets could attract buyers in 2022

Amid this backdrop, though, the National Association of Realtors expects some housing markets to see bumper price growth. The organization’s economists came up with a list of 10 “hidden gem” markets where price appreciation will outpace the national average. These markets include,
in alphabetical order:

• Dallas-Fort Worth, Texas
• Daphne-Fairhope-Farley, Ala.
• Fayetteville-Springdale-Rogers, Ark.-Mo.
• Huntsville, Ala.
• Knoxville, Tenn.
• Palm Bay-Melbourne-Titusville, Fla.
• Pensacola-Ferry Pass-Brent, Fla.
• San Antonio-New Braunfels, Texas
• Spartanburg, S.C.
• Tucson, Ariz.

              ---------------------------------------------------------------------------------

Continued from Market Watch

I agree, Tucson is a gem. But a hidden gem?, it sure doesn't seem like it to those of us trying to help buyers find a home. For the last 18 months buyers have been coming here from all over the country in greater numbers and with bigger appetites to find a home to buy. And with the market as hot as it's been, with homes selling faster than ever before and at much higher prices it is hard to see how anyone could/would call Tucson hidden. But maybe, we'll soon see. January, traditionally the beginning of our snowbird busy season is right around the corner.

Take care, stay safe

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, 12/06 thru 12/19/2021

From Monday December 6 thru Sunday December 19 , 31 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(85718 / 85750)  (link expires 1/20/2022)

 8 were priced from $395,000 to $598,000
15 from $600,000 to $925,000
 8 from $1,065,000 to $1,495,000

and with no let up for the Holiday Season many of them they flew off the shelf and went to contract in 6 median DOM (days on market)

 

Take care, stay well

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

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

64 single family homes sold in the last 30 days ....

what did they sell for ?
MSP = median sold price  // DOM = days on market

16 sold for list price
at $670,000 MSP in 5 DOM

26 sold for less than list price
at $687,500 MSP in 20 DOM

22 sold for more than list price
at $600,250 MSP in 4 DOM
(links will expire on 1/13/2022)

Take care, stay well

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

search TheFoothillsToday.com 
to see all the single family homes for sale in the Catalina Foothills, and only in the Catalina Foothills