The Catalina Foothills

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) 
**there was an error in last months charts. The data was correct for the period of January - October, but the charts were mislabeled as January - November.  I have deleted those charts along with the blog post for October. 

 

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 than in 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 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 nearly 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