The Catalina Foothills

in contract last week, 8/3 - 8/9/2020

From Monday August 3rd thru Sunday August 9th - 27 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 9/13/2020)

11 were priced from $270,000 to $579,000
11 from $600,000 to $899,900
 and get this, 5 from $1,095,000 to $1,999,000 

an extraordinary number of  $$million++ contracts for any time of the year, but unheard of for August
and all 27 went to contract very fast - just 16 MDOM - median days on the market 

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

they're selling faster and for more $$$ - Catalina Foothills home sales this year

The following charts track the number of single family homes sold, median sold prices and days on the market in the Catalina Foothills of Tucson, AZ for the period of January 1st thru July 31st of each year from 2005 to this year, 2020. 

The home sales, sold price numbers and days on market are based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represent all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is the # of homes sold for up to $999,999, which represents about 93% of the Catalina Foothills Single Family Home Market. No real increase or decrease, pretty much on par with the last few years.

Next up is the # of homes sold for $1,000,000 and UP - same thing, more or less holding its own with recent years. 

Days on the Market -
they're selling faster this year than at any time during the last 15 years. 
The chart is based on median days on market from Jan 1 - July 31 of each year. 

And finally median sold prices of single family homes sold in the Catalina Foothills, with a big jump this year - UP 11.6% over last year and UP 45% since hitting bottom in 2012.

If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.

Take care, stay well.

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

in contract last week, 7/27 - 8/02/2020

From Monday July 27th thru Sunday August 2nd - 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 9/3/2020)

 
8 were priced from $314,000 to $599,900
7 from $614,000 to $885,000
3 at $1,495,000 and another $1,495,000 & a biggie at $3,495,000

If this keeps up the $$million+ market may finally pull out of its slump this year, imagine, this year, of all years...

this slump


Take care, stay well.

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

in contract last week, 7/20 - 7/26/2020

From Monday July 20th thru Sunday July 26th - 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ
(link expires 8/28/20)

5 were priced from $375,000 to $599,000
8 from $625,000 to $909,000
2 at $1,150,000 & $1,325,000

this is the lowest number of weekly contracts since the week of April 20th when just 11 homes found buyers
Hmmm?

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

Catalina Foothills Home sales this year, last year and the year before

The following sales numbers are for single family homes sold in the Catalina Foothills of Tucson, AZ from January 1st thru July 20th of 2018, 2019 and good old 2020.

First up is homes that sold from $1 up to $999,999

Year	# Homes Sold	Median Sold $$	Median CDOM
2018	450	$475,000	35
2019	467	$475,000	35
2020	444	$534,750	22

Median CDOM = Median Cumulative Days On Market

Sales this year are down just -5% from last year - did anyone expect sales to hold up that well - I sure didn't.
And, even more unexpected, prices are UP 12.5%, and no one I know claims to have seen that coming either.
Other than this years big jump in sold prices and drop in days on market it is also remarkable (to me) that everything else is so similar, nearly the same, across the last 3 years - with all that has and is happening this year. 

And then there's the $1,000,000 & UP niche market - also holding its own thru thick and thin. 

YEAR	# Homes Sold	Median Sold $$	Median CDOM
2018	36	$1,267,000	105
2019	32	$1,324,383	55
2020	32	$1,232,500	47

Coincidentally, this morning in Bloomberg I saw the following chart showing declining sales in various locales around the world.

Take care, stay well.

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

in contract last week, 7/13 - 7/19/2020

From Monday July 13th thru Sunday July 19th - 22 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires 8/19/2020)

10 were priced from $399,900 to $598,000
  9 from $620,000 to $825,000
  3 from $1,495,000 to $1,925,000

Wow, not bad for the middle of July ...

Take care, stay well.

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

 

in contract last week, July 6th - July 12th, 2020

From Monday July 6th thru Sunday July 12th - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ (link expires  8/13/20)

10 were priced from $348,000 to $530,000
  8   from $665,000 to $992,000
  2   at $1,200,00 & $1,395,000

Fewer contracts than in recent weeks, so hang in and we'll see where that goes, 

Take care, stay well.

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

in contract the last 2 weeks, June 22nd - July 5th, 2020

From Monday June 22nd thru Sunday July 5th - 54 single family homes went to contract in the Catalina Foothills of Tucson, AZ  
(link expires 8/07/2020)

29 were priced from $310,000 to $599,000
18 from $620,000 to $999,000
7 from $1,099,000 to $3,500,000

YIKES, what a haul for the middle of summer in the middle of everything ...
If this keeps up the $million+ market may finally pull out of its 10 year slump.

And how prescient of Realtor.com, who last December predicted that in 2020 Tucson would be one of the 10 hottest real estate markets in the entire USA.  I don't know about the other 9 contenders but, here we are.

Take care, stay well.

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

 

January - June Catalina Foothills Single Family Home Sales Numbers

The following charts track the number of single family homes sold and median sold prices in the Catalina Foothills of Tucson, AZ for the period of January 1st thru June 30th of each year from 2005 to this year, 2020. 

The home sales and sold price numbers are based on sales thru the Tucson Association of Realtors® Multiple Listing Service and represent all the homes sold by all Realtors® in the Catalina Foothills of Tucson, AZ (zips - 85718 & 85750)

First up is sales up to $999,999, which represents the lion's share, about 93%, of the Catalina Foothills Single Family Home Market.
We're not breaking any records this year, not for home sales anyway. But, hey, considering the situation here on the ground I think sales have done exceedingly well - because, come hell or high water, people want to be here..

Sales at $1,000,000, well, they're holding their own, even if 'their own' is somewhat less than it used to be.  

The star of the show is sold prices.
After years of a long, slow climb topped off by a nearly a 13% jump this year (of all years) sold prices are finally within 2% of where they were in 2006.


If you have a question or would like my help, I look forward to hearing from you.

Take care, stay well, and have Happy 4th. 

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

June sales slip as sold prices rise

Here's a look at key sales numbers for single family homes sold in the Catalina Foothills Tucson, AZ, this June 2020 v. last June 2019.  June 2020, the most troubling and tumultuous June in memory ....

	June 2019	June 2020	+/- v. 2019
# of Homes Sold	100	73	-27%
Median Sold Price	$508,500	$580,000	+14%
Median DOM	34	22	-35%

 

 

 

 

 

 

 

Even with all the tough stuff that occurred in June the sold numbers are still OK.
But keep in mind that most of the homes that sold in June are trading on deals that were made in May or April. And while the median sold price looks awfully nice - wow! way up there, even higher (by $20k) than it was in June 2006, our tiptop peak year for sold prices - it's just one month (30 days), not bad but not long enough to reset the bar on sold prices. Though, they are up this year...

And if I can pull it together today I will gather the YTD sales numbers and post them along with the usual charts, etc., hopefully? by end of the day today. Ha!

Take care, stay well.

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