YTD home sales for the Tucson Foothills

Here's a comparison, by price range, of single family homes SOLD in the Tucson Foothills for the period of January - October 2006 vs.
January - October 2007. This is for homes SOLD through the Tucson Association of Realtors MLS.
Keep in mind that the Tucson Foothills is a niche market, and that during this period there was an average of just 320 homes for sale priced from $500,000 & UP.

Price Range	Jan-Oct 06 # Homes Sold	Jan-Oct 07 # Homes Sold	+/- %
$500 - $750K	191	179	-6%
$750 - 1mil	91	71	-21
$1mil - $1.5mil	76	51	-32
$1.5 - $2.0mil	16	18	+12
$2.0mil & UP	17	11	-35
Total Homes SOLD	391	330	-15
*Avg List Price	$741,742	$722,655	-2.57
Avg SOLD Price	$711,603	$689,601	-3
Median List Price	$598,000	$569,940	-4.69
Median SOLD Price	$580,000	$549,950	-5.18
$$ Value of Homes SOLD	$446,174,884	$372,384,794	-16.5

*The Avg. & Median List and Sold prices, and the Total $$ Value figures, include ALL homes SOLD in ALL price ranges in the Tucson Foothills - not just those from $500K & UP
Ouch! Home sales in the Foothills hit a real snag in October.
As a result, the gap in sales between 2006 & 2007 has widened to it's lowest point so far this year. Much of this is due to the mortgage mess, which in addition to temporarily choking off mortgage funding, led to a lot of confusion and concern, and caused many home buyers to step back and take a wait and see approach.
That crisis atmosphere has passed, and home loans are now widely available from reputable lenders at very low rates. So I expect to see some improvement in sales during November, and for the coming months, as we get further into the prime home selling season here in the Tucson Foothills.
Also, as you can see, there are big differences in how sales are doing depending on your price range, so keep that in mind when you're buying or selling.
For sales numbers through the end of September, see (surprise surprise, YTD home sales in the Tucson Foothills) At that point I was surprised and pleased, but skeptical, that sales had shown some improvement, despite the mortgage mess, and now we see that the fallout just took a bit longer to work it's way through the system.