The Latest - Tucson Foothills Home Sales, 3/28

Here's a look at the sales activity for single family homes in the Tucson Foothills during the past two weeks - that's 3/15 - 3/28/07. This activity took place against an average of 450 homes listed for sale during this period -priced from $235,000 to $22,000,000.
Here's how it is.
New Listings = 54 (priced from $279,900 - $2,590,000)
Homes gone under contract = 30 (priced from $295,000- $2,950,000)
Homes Sold = 22 (priced $277,000 - $2,500,000)
Price Reductions = 50
Price Increases = 4
Expired Listings = 3
Withdrawn Listings = 19
The 22 homes that SOLD during this period, sold for an average of $240.95/sq. ft, and for an average of 94.43% of their list price.
As compared to the last two week period, 3/1 - 3/14, this time round there have been: 15 fewer New Listings, 5 fewer homes gone under contract, and exactly the same # SOLD, 22. Very little change. Once again the sales numbers are disappointing given that we are at the pinnacle of our season for home sales in the Tucson Foothills.
In 2006, during this same time period 32 homes SOLD. In 2005 29 SOLD, in 2004 40 SOLD, and in 2003 44 SOLD during this same two week period.
This is a buyers market, big time.
Go to my website thefoothillsToday.com  and click on Just Listed/Just Sold to see all the homes that have SOLD in the Tucson Foothills during the last 30 days, including List Price, Sale Price, $/sq. ft and more, updated daily.
For sales numbers during previous two week periods this year, please see:
The Latest - Tucson Foothills Home Sales, 3/14
As always, the source for this data is the Tucson Association of Realtors Multiple Listing Service.