The Catalina Foothills

in contract last week, 1/24 - 1/30/2022

From Monday January 24, thru Sunday January 30,  20 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(85718 / 85750)  (link expires 3/6/2022)

 5 were listed from $505,000 to $599,000
10 from $625,000 to $925,000
 5 from $1,395,000 to $4,900,000

Of this group of 20 homes, 8 of them were listed and structured with the expectation that they would receive multiple offers - the listings contain language in the Agent Only section of the listing providing the date (usually 2 - 4 days from when it first appears in the MLS) when offers need to be submitted by and when the seller will respond to those offers. Thereby allowing a few days for multiple buyers to view the property and multiple buyers to submit offers, setting up a competitive silent auction scenario. A what are you willing to pay for this home, put your best foot forward.  

This is becoming more common, and why not, there are more buyers than there are desirable homes for sale, is there a better, more fair way to do it. And, an unintended consequence, since it delays by a few days the acceptance of the winning offer it also increases the number of days on market (DOM) that will be showing up in the data. 

Take care, stay well

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

see my website TheFoothillsToday.com 
to find your Catalina Foothills Home

real estate 2022 / hopes, dreams, expectations

Following are a few articles from Bloomberg and FORTUNE addressing the big question, what to expect from the 2022 residential real estate market. 

Dwindling inventory

From Bloomberg Wealth
Available Homes Shrink More Than 30% in Hottest Housing Market
It would take less than a week to sell all the inventory in Seattle, and about 9 days for San Jose and Denver at current prices, according to Redfin.

By Allison McNeely

January 18, 2022, 10:35 AM MST

 

The time it would take to sell all available homes in some of the hottest U.S. housing markets continued to shrink in December as active listings fell. 

Seattle had the fewest months of supply, with San Jose and Denver close behind. Active listings in those markets fell by more than 30% in December compared to the previous month, according to data from Redfin Corp. It would take less than a week to sell all the inventory in Seattle, and about 9 days for San Jose and Denver at current prices.
Continue Reading Here

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From Me:

A comment about the 30% figure - there's a seasonal effect that comes into play in December ((hello Holidays, jingle jingle) that causes some would-be sellers to not list their homes in December + the surging Omicron virus may have given some sellers cause to pause. 30% drop, sure, but due to what?

 

In the foothills our current months of inventory varies from -1 to 1.5 months for homes priced up to $1,999,999 and jumps to 9 months for those priced $2M & UP.

In the foothills our inventory is way down;
January 2018  / 308 homes for sale
January 2019  / 310 
January 2020 /  228 
January 2021 /  82 
January 2022 /  70 
In 2021 the inventory bounced around from the mid 60's up to the mid 80's for most of the year. 

Check out the Catalina Foothills Market Snapshot for the number of homes for sale, in contract and sold + months of inventory broken down into 8 price ranges

 

_____________________________________________________________________________________________________

 Prices still rising 

From Bloomberg Wealth

A Typical U.S. Home Is Now Valued at $320,662 — 20% More Than a Year Ago

Low inventory and unrelenting demand are continuing to fuel price growth in the American real estate market. 

By Claire Ballentine

January 21, 2022, 9:48 AM MST

Mortgage rates are creeping higher, yet the U.S. real estate market is still breaking records. 

Home values on average jumped almost 20% in the past year, the most ever, according to a new report from Zillow. A typical house is now worth $320,662 — an increase of more than $50,000 from December 2020. 

After two years of surging prices for homes across the country, anxious buyers had hoped 2022 would bring some relief, as policy makers plan interest rates hikes that could cool down the market. That’s yet to happen though, with strong demand from millennials and a shortage of available homes still propping up prices. Mortgage rates just reached their highest level since the pandemic began, but at 3.56% are still historically low.
Continue Reading Here

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

From Me;
The Catalina Foothills median sold price for Q4 2021 was $700,000, up 21.7% over Q4 2020 at $575,000. 

And, for what it's worth, the median sold price so far this January is $736,250, $710,000 (updated 2/5/22)
More sales will close on Monday the 31st and others that have already closed but have not yet been turned in to the MLS will likely bring that figure up or down.

______________________________________________________________________________________________________

will it ever get back to normal

From FORTUNE
Homebuyers: Buckle up for another brutal spring housing market

BY LANCE LAMBERT

January 18, 2022 4:31 AM MST

It's usually around this time of year, with the holiday season firmly in the rearview mirror, that homebuyers and sellers alike begin to make their way back into the market. That will continue to pick up each week until March arrives. At that point, the industry's busy season—known as the spring real estate market—will be off to the races.

But this year there is more unease than excitement coming from the home shopper side of the equation. For one thing, last year's spring housing market, which was arguably the fiercest in history, is still seared into the collective memories of unsuccessful 2021 home shoppers. To understand how far the deck was stacked against buyers last year, just look at the data. The number of homes for sale last spring hit the lowest level in more than 40 years. Bidding wars hit an all-time high—with 72% of homes getting multiple offers in April 2021. And that frenzy saw home appreciation climb to the highest level in tabulated history.

That raises a question: Should homebuyers expect to find a spring housing market in 2022 that is friendlier when compared with 2021? After all, the rate of home price growth over the past year—up 19.1% between October 2020 and October 2021—just can't be sustained forever.
Continue Reading Here

          ----------------------------------------------------------------------------------------------------------------------------------
From Me

I see no signs of a more normal market coming anytime soon. There's been no meaningful increase in listings, nothing that comes even close to beginning to satisfy the demand. Meanwhile buyers have gotten into the swing of things and are participating in the silent auctions that have become more common these days. And when 8, 10 or 12 buyers bid on a property it's a pretty sure bet that that property is going to sell for over list price and that the 7 or 8 buyers that didn't get it this time are probably going to up their game the next time they make an offer.                            And up-up go prices. 

And there's also no way to build our way out of the lack of homes for sale. 
Why? Because there are very few lots available (33 currently for sale from $19,500 to $1,450,00 scattered all across the foothills) and no big chunk of land to build a sizable number of homes, 40, 100 or more homes, in one spot. The foothills is pretty much built out.
Recently a few builders that years ago had built 40 or 50 or more homes on what large tracts of land remained in the foothills have acquired a lot here or a few lots there to build homes. But that's not nearly enough to make even dent in the demand. Currently there are 13 new homes listed for sale from $693,900 to $4,595,000 that are not yet built and that may not be built until a buyer comes along who is willing to wait a long time for the finished product. 

That's it.
Thank you for stopping by, I look forward to your comments, questions and suggestions. 

Take care, stay well

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

see my website TheFoothillsToday.com 
to find your Catalina Foothills Home

in contract last week, 1/17 - 1/23/2022

From Monday January 17 thru Sunday January 23,  12 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(85718 / 85750)  (link expires 3/1/22)

3 were priced from $525,000 to $599,000
6 from $625,000 to $995,000
3 from $1,150,000 to $2,650,000

a pretty slow week, hmmm ?, could it be, little or nothing for buyers to choose from, meanwhile, the 12 that did go to contract went fast, in 5 median DOM

 

Take care, stay well

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

see my website TheFoothillsToday.com 
to find your Catalina Foothills Home

 

more buyers, fewer listings = more competition

With winter visitor/snowbird season in full bloom it's no surprise the real estate market in the Catalina Foothills is now even more busy, more competitive and more frustrating for buyers than it was last year. And, to put it politely, last years market was very challenging.

In the last few weeks there have been a constant stream of buyers at showings that I've attended. Constant. And the number of offers being tossed at anything that's halfway decent combined with a dearth of new listings is making it very difficult to buy a home. 

And the 22% increase in median sold prices for the 960 homes that sold last year does not appear to be putting even a dent in buyers enthusiasm to further bid up the price of homes. Also we're seeing more new listings that are structured to create a silent auction. They contain specific information as to when the seller will review and respond to offers. Yes, increasingly it is now assumed that the listing will receive multiple offers.

For instance; a new listing appears in the MLS on Thursday March 10th with the following information;
Please submit your offer by Sunday March 13 and allow adequate time for the Seller to review and respond to offers on Monday March 14.  

They're setting up the conditions for a silent auction and inviting a bidding war. And because there are more buyers than there are homes for sale it is becoming more commonplace to do so. And since there are more buyers out there with cash, more sellers are looking only at CASH offers. They don't want to and don't have to deal with the contingencies and uncertainties of an offer that comes with a mortgage.

In those circumstances it boils down to making the best offer you are willing to make for that home, period. Because it is likely you will get just one shot at it. And if your offer isn't the best offer the house is going to go to someone else. And if you don't get it, with so few homes for sale, how long will it be before you find another home that you like as much. And if and when you do find another one, is it going to be less $$ or more, than this one. Harsh, grim, yep kinda, but that's the market. 

Checkout the Market Snapshot for the latest numbers on what's for sale, in contract and sold 

Take care, stay well

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

see my website TheFoothillsToday.com 
to find your Catalina Foothills Home

 

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 2/20/22)

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

Catalina Foothills Rental Home Market

I don't do rentals, I handle only buyers and occasionally sellers of single family homes in the Catalina Foothills.

But Foothills Management specializes in rental property and they approached me about doing a guest blog post. And I thought why not, given the short supply of homes for sale it may be just the right thing at the right time. So without further ado, here's a blog post from Foothills Management

Catalina Foothills is a community located in the southern foothills of the Santa Catalina Mountains, north of Tucson in Pima County, Arizona. The area has an elevation of 785m and includes some of the most expensive lands and houses in Arizona. This small region of 41.92 mi² offers the best sights and recreational experiences to be found in Arizona.

Catalina Foothills is one of the most affluent communities in the state of Arizona. Here you will find some of America’s most celebrated art galleries, breath-taking golf courses, memorable dining experiences, and lots of great places to shop. Located on the doorstep of the Sonoran Desert, Catalina Foothills offers easy access to the most satisfying natural landscape in Tucson.

The best place To live and retire in Arizona

As Foothills Management says, Catalina Foothills location gives residents the best view of the spectacular Santa Catalina Mountains. A chance to  connect with nature is one reason this community is consistently voted as the number one suburb to live in Arizona. The presence of several excellent schools makes Catalina Foothills even more attractive to families with young children.

Also, family-friendly community spaces and energetic suburban lifestyles create that rare combination of serenity and economic opportunities. The area is just twenty-minute drive from downtown Tucson. Its above-average healthcare, soothing weather, and abundant leisure activities make it one of the best places to live and retire in the USA.

For owners and operators of rental properties, Catalina Foothills offers one of the best housing markets to invest in. The average rent in the Foothills is $1,127 for an 807 sq. ft. apartment. This figure is more accurate for one-bedroom apartments since they are closer in size to the quoted average. Two-bedroom and three-bedroom apartments rent for a lot more than the average rent. Apart from size, rental rates are also affected by location and the quality of the apartment. If you are a property investor thinking of buying a rental property in the Catalina Foothills, or a renter thinking of moving to the area, here is what you can expect to pay or earn as rent. The figures quoted should be used only as a guide.

Here is a sample of the rental homes we found

Single-family houses
Homes with four bedrooms and square footage of between 1,569sqft - 3,716sqft, and two to four bathrooms, rented for between $2,000 - $4,500 a month. Three-bedroom homes of between 1,400sqft - 2,400sqft, and two bathrooms, were slightly lower at $1800 - $4,500 a month. Apart from the location of the houses, the number of floors also mattered.

Townhomes
Most of the townhomes were of the three-bedroom variety with two bathrooms, on average. The size of the homes ranged from 1,400sqft to 2,500sqft. The monthly rent for a townhome is between $1,500 and $4,000 a month. Though we did find a townhome that rented for $9,000/month, this is an exception; it probably costs that much because of its location.

Condominiums
The monthly rental for condos varied from $1,600 to $2,700 a month. Most were two to three bedroom homes with one to two bathrooms, and square footage of 1,409sqft - 2,395sqft (three bedrooms) or 1,077sqft - 1,258sqft (two bedrooms). Meanwhile, three-bedroom condos may rent for as high as $3,800/month but the average rent hovered at $2,500/month.

Studio apartments
Expectedly, studio apartments were the most affordable at $635 - $955 a month. Some studio apartments cost more to rent than one-bedroom apartments, possibly because of their location. Average rent for a one-bedroom apartments is $690 - $1,907 a month. The one-bedroom apartments we looked at ranged in size 418sqft – 759sqft.

The biggest factor in how much a home rented for is the subdivision where it is located. Some of the luxury subdivisions in the area include Pima Canyon, Cobblestone, and Sin Vacas. Homes in these places, along with those located near the golf courses like Ventana Canyon, Skyline Country Club, and La Paloma attract the highest rents.

 Foothills Management can help with all your rental needs

in contract the last 2 weeks, 11/22 - 12/05/2021

From Monday November 22 thru Sunday December 5, 35 single family homes went to contract in the Catalina Foothills of Tucson, AZ 
(85718 / 85750)  (link expires 1/08/2022)

12 were priced from $349,000 to $597,000
12 from $617,500 to $950,000
11 from $1,199,000 to $4,000,000

That is a lot of activity for 2 weeks in middle of the holiday season, particularly for the 1$mil+ market. The market used to slow down, take a break at this time of year and upper-end buyers would show up and start kicking tires after the holidays, in Jan/Feb of the new year. 

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

 

 

Catalina Foothills Home Sales / January thru November 2021

Hello and welcome

If you've been following my monthly sales reports for 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 most of this year. 

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 the period of January 1st thru November 30th of each year from 2015 to this year, 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 80% of all the homes sold in the Catalina Foothills. It's a market that had been fairly stable, 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 of 2020 and has continued and worsened since then. The drop in sales is not due to lack of motivated buyers. No. There are plenty of buyers, there are not nearly enough homes for sale to satisfy demand.
 

today, there are just 84 single family homes for sale
For perspective, in December of previous years there were;
320 for sale Dec 2017
307 in Dec 2018 
258 in Dec 2019 
and by Dec of 2020 we were down to around 120 homes for sale, and dropping
For much of this year, during spring & summer, the number of homes for sale hovered in the 60's to 80's range.

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

On the other hand at $1,000,000 & UP sales are Way UP.  How? Why?
A glut of unsold $$Mil+ homes from the luxury building/selling frenzy of 2003 - 2006 that quickly fizzled in 08 (like everything else did) and remained fizzled from then to 2019. Sales perked up in 2020 and then really took off this year - and with no signs of stopping - contracts at $$Mil+ remain strong. 

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

With high demand and very short supply homes are selling quickly

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

All of which is resulting in higher sold prices, across the board

higher than ever
                        ------------------------------------------------------------

Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

 

the latest numbers, November sales

November sales were strong, 77 single family homes sold in the Catalina Foothills of Tucson, AZ (85718 / 85750)

77 79 Sold at $720,000 MSP in 7 median DOM (updated 12/5)

                       V.

November 2020

67 Sold at $585,000 MSP in 4 median DOM

 It is likely there are at least a few sales that have not yet been entered into the MLS for November 2021,  I will check and update the numbers in a few days. 

Take care, stay well

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

in contract last week, 11/15 - 11/21/2021

From Monday November 15th thru Sunday November 21st, 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 12/24/2021)

4 were priced from $460,000 to $525,000
8 from $624,950 to $935,000
3 from $1,095,000 to $1,375,000

And that's it. 
Happy Thanksgiving, Enjoy it!

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

in your favorite Catalina Foothills Subdivision, November 2021

Rather than looking at the entire Catalina Foothills real estate market, which is quite diverse, the following snapshot focuses on a variety of popular individual subdivisions across the Catalina Foothills. It includes the key data, the number of homes currently for sale, number in contract and the number sold from Jan 1 to Nov 15 in 2019, 2020 and 2021 along with median sold prices and days on market. Which makes for a more focused comparison of the market in different subdivisions in different areas of the foothills and at different price points. 

Also, Click any highlighted subdivision name to see all the homes currently for sale + those that are Active Contingent (the first stage of a property going to contract) – from the MLSSAZ (Multiple Listing Service of Southern Arizona).
MSP = median sold price / DOM = days on market

The sold numbers include all single family home sales from Jan 1 - Nov 15 of each year noted.

Alta Vista
1 home currently for sale at $1,285,000
2 in contract $989,000 & $997,500

2021 - 15 sold / $856,929 MSP /  5 DOM
2020 - 14 sold / $745,000  MSP / 91 DOM
2019 - 19 sold / $784,500  MSP / 41 DOM

Foothills Clusters
2 homes for sale $575,000 & $645,000
3 in contract $478,000 to $549,000

2021 - 12 sold / $428,500 MSP / 8 DOM
2020 - 10 sold / $420,000 MSP / 4 DOM
2019 - 17 sold / $354,500 MSP / 20 DOM

Skyline Bel Air
2 homes for sale $597,000 & $850,000
0 in contract

2021 - 20 sold / $734,500 MSP / 3 DOM
2020 - 25 sold / $580,000 MSP / 30 DOM
2019 - 22 sold / $525,434 MSP / 60 DOM

Shadow Hills 
1 home for sale at $1,200,000
4 in contract $750,000 to $900,000

2021 - 26 sold / $757,500 MSP /  4 DOM
2020 - 21 sold / $608,000 MSP / 45 DOM
2019 - 23 sold / $582,000 MSP / 19 DOM

Pima Canyon
0 homes for sale
2 in contract $1,349,000 & $1,475,000

2021 - 23 sold / $1,595,000 MSP /  8 DOM
2020 - 16 sold / $1,362,500 MSP / 35 DOM
2019 - 19 sold / $1,250,000 MSP / 121 DOM

Sin Vacas 
1 for sale $765,000
1 in contract $785,000

2021 -  7 sold / $925,000 MSP /  5 DOM
2020 -12 sold / $706,500 MSP / 40 DOM
2019 -10 sold / $682,500 MSP / 190 DOM

Foothills II
0 for sale
0 in contract 

2021 - 6 sold / $956,000 MSP /  8 DOM
2020 - 4 sold / $704,638 MSP /  5 DOM
2019 - 4 sold / $797,000 MSP / 45 DOM

La Paloma 
3 for sale $535,000 to $2,750,000 
5 in contract $525,000 to $795,000

2021 - 59 sold / $625,000 MSP /  6 DOM
2020 - 55 sold / $532,530 MSP / 25 DOM
2019 - 43 sold / $447,800 MSP / 29 DOM

Flecha Caida
4 for sale $650,000 to $1,475,000
3 in contract $500,000 to $1,050,000

2021 - 21 sold / $750,000 MSP /  8 DOM
2020 - 26 sold / $566,050 MSP / 35 DOM
2019 - 19 sold / $475,000 MSP / 26 DOM

Skyline Country Club
4 for sale $800,000 to $1,399,000
2 in contract $1,275,000 & $1,700,000

2021 - 16 sold / $895,500 MSP /   7 DOM
2020 - 26 sold / $785,000 MSP /  37 DOM
2019 - 12 sold / $635,000 MSP / 124 DOM

Coronado Foothills Estates
6 for sale $750,000 to $1,475,000
3 in contract $700,000 to $900,000

2021 - 20 sold / $767,500 MSP / 5 DOM
2020 - 26 sold / $615,000 MSP /12 DOM
2019 - 14 sold / $543,000 MSP / 65 DOM

Cimarron 
2 for sale $749,000 & $1,497,000
4 in contract $675,000 to $874,900

2021 - 18 sold / $841,500 MSP / 4 DOM
2020 - 18 sold / $675,000 MSP / 22 DOM
2019 - 24 sold / $538,500 MSP / 56 DOM 

Catalina Foothills Estates 10 
1 for sale $1,500,000
0 in contract

2021 - 12 sold / $1,299,500 MSP / 12 DOM
2020 - 10 sold / $1,100,000 MSP / 71 DOM
2019 -   6 sold / $874,000    MSP / 13 DOM

 Fairfield
1 for sale $624,950
3 in contract $375,000 to $540,000

2021 - 25 sold / $672,500 MSP / 5 DOM
2020 - 23 sold / $532,500 MSP/ 11 DOM
2019 - 27 sold/ $488,000 MSP / 12 DOM

Sabino Mountain
0 for sale 
3 in contract $460,000 to $1,350,000

2021 - 19 sold / $530,000 MSP /  6 DOM
2020 - 17 sold / $425,000 MSP / 15 DOM
2019 - 19 sold / $370,000 MSP / 19 DOM

Ventana Country Club
0 for sale
3 in contract $895,000 to $1,595,000

2021 - 40 sold / $890,000 MSP / 12 DOM
2020 - 24 sold / $730,000 MSP / 18 DOM
2019 - 24 sold / $644,500 MSP / 39 DOM

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

In October 2018 I posted a blog similar to this one which, if you're interested, may help provide further perspective on the market as it has evolved over the last few years. Notice in particular, the number of homes that were for sale back then.

That's it for now
Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

Take care, stay well

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

in contract last week, 11/08 - 11/15/2021

From Monday November 8th thru Sunday November 15th, 19 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 12/17/2021)

6 were priced from $375,000 to $575,000
9 from $600,000 to $985,000
4 from $1,050,000 to $2,850,000

... another busy week for contracts across a broad range of prices in the Catalina Foothills of Tucson, AZ (85718 & 85750)

 

Take care, stay well

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

in contract the last 2 weeks, 10/25 thru 11/07/2021

From Monday October 25th thru Sunday November 7th, 33 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 12/10/2021)

11 were priced from $362,500 to $540,000
16 from $600,000 to $997,500
  6 from $1,100,000 to $1,700,000

 ... another active 2 weeks for contracts across a broad range of prices is again a promising start to our upcoming winter-spring season. 

Take care, stay well

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

Catalina Foothills Home Sales Data / January thru October 2021

Hello and welcome

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 the period of January 1st thru October 31st of each year from 2015 to this year, 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 80% of all the homes sold in the Catalina Foothills. It's a market that had been fairly stable 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 of 2020 and has worsened this year. The drop in sales is not due to lack of motivated buyers. There are plenty of buyers, there are not nearly enough homes for sale.

today, there just 103 homes for sale
For perspective, in November of previous years there were;
341 for sale Nov 2017
305 in Nov 2018 
268 in Nov 2019 
and by Nov of 2020 we were down to a measly 130 homes for sale, and dropping

For much of this year, during spring & summer, the number of homes for sale hovered in the 60's to 80's range.

 

On the other hand at $1,000,000 & UP sales are Way UP.   How? Why?
A glut of unsold $$Mil+ homes from the 2003 - 2006 $$Mil+ luxury building/selling frenzy that fizzled quickly in 08 and remained fizzled from 2009 to 2017 when fewer than 50 $$Mil+ homes sold each year until 2016 when 53 sold.

This is how it was...


Put that together with an influx of motivated high-end buyers looking for an attractive and less congested and safer place to live and Voila!, sales boomed and continue to boom. So far this year 152 have sold at $$1Mil+

This is how it is

With high demand and short supply homes are selling quickly

Very quickly!

All of which is resulting in higher sold prices, across the board

higher than ever

That's it, a snapshot of YTD sales in the Catalina Foothills Single Family Home market.

For more recent info checkout my postings of ".... In Contract last week ..." which show recent contract activity and checkout the Market Snapshot for breakdown of what's happening in your price range. 

Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

 

Take care, stay well

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

October Market Data for Catalina Foothills

The following  is a snapshot of real estate activity in the Catalina Foothills single family home market for October 2021.

(sold #'s updated 11/5)
62 single family homes sold at $685,000 median sold price in 7 median days on market
Lowest sale price was $380,000 / highest was $1,950,000...
Keep in mind that closed sales are a lagging indicator. Sales that took place in October are the result of deals that were made and the market as it was approximately 20 to 60 days ago - so, in this case, from August thru early October. 

86 new listings in October, listed at $717,500 median list price.
Lowest list price was $360,000 / highest was $4,000,000

83 homes went to contract in October (including 56 of the homes that were just listed in October)
median list price of the 83 in contract is $700,000 and they went to contract in 8 median days on market.

There are just 95 single family homes for sale in the Catalina Foothills (85718 & 85750) and they're priced from $386,000 to $9,995,000 which, as you might imagine, results in a very thin selection of homes in almost all price ranges and makes for a challenging time to be a home buyer.  

Check out the Market Snapshot to quickly see the number of homes for sale, in contract and recently sold in 8 price ranges.

Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

Take care, stay well

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

in contract last week, 10/18 - 10/24/2021

From Monday October 18th thru Sunday October 24th -- 27 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 11/25/21)

 8 were priced from $360,000 to $599,900
11 from $645,000 to $900,000
 8 from $1,100,000 to $3,795,000

WoW! a big week, lots of contracts and so many at big $$$$..
During the same week last year there were 17 contracts with just 1 at 1$mil+
During a similar 2 week period in 2019 there were 33 contracts over 2 weeks with just 2 at 1$mil+.

Even more so than the impressive contract numbers from the previous week this is a very auspicious start to our busy season for home sales in the Catalina Foothills. 

Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

Take care, stay well

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

in contract the last 2 weeks, 10/04 - 10/17/2021

From Monday October 4th thru Sunday October 17th -- 44 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 11/19/21)

20 were priced from $405,000 to $599,995
19 from $625,000 to $975,000
 5 from $1,375,000 to $2,400,000

The beginning of October is typically the soft opening of our busy season for home sales in the Catalina Foothills. The season begins now and builds thru the fall and thru winter into spring. Ending, typically, in late May. 

The number of contracts and the broad range of prices for the recent 2 week period suggests a healthy start to our upcoming in-season.

Though, like so many things that are in short supply these days, in order to satisfy home buyers needs we need more homes listed for sale.

At this moment (10:46am, Oct. 20) there are just 99 single family homes listed for sale from around $400k up to $9million or so - which, as you might imagine, results in a very thin selection of homes in almost all price ranges.

Check out the Market Snapshot for a glimpse of the current Catalina Foothills single family home market, showing how many homes are for sale, in contract and recently sold in 8 price ranges. 

Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

Take care, stay well

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

Catalina Foothills list & sold prices // 10/12/2021

The following are list and sold prices for the 31 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from September 27 - October 10, 2021 thru the Tucson Association of Realtors® MLSSAZ (Multiple Listing Service of Southern Arizona)

 

Listed	Sold
$400,000	$389,000
$465,000	$450,000
$450,000	$463,000
$450,000	$465,000
$497,300	$470,000
$525,000	$515,000
$550,000	$550,500
$595,000	$590,000
$599,900	$595,000
$569,000	$600,000
$629,000	$610,500
$650,000	$635,000
$675,000	$645,000
$725,000	$670,000
$675,000	$675,000
$659,000	$695,150
$697,000	$695,500
$700,000	$715,000
$725,000	$725,000
$749,000	$739,000
$799,000	$755,000
$789,000	$840,000
$900,000	$915,000
$975,000	$925,000
$991,000	$950,000
$875,000	$964,500
$1,075,000	$1,050,000
$1,100,000	$1,050,000
$985,000	$1,100,000
$1,749,000	$1,690,000
$1,795,000	$1,795,000

 

A noticeable change (drop, that is)  from the last Listed/Sold report (posted 9/17/21) when 15 out of 20 homes (75%) went for list price or more. For this group of 31 homes 12 homes (39%) went for list price or more. 

And an even bigger change from where things were earlier this past summer.

Of course it's still a very strong buyers market, just a little less strong than it was. Also, these sold numbers are based on deals that were made 3 to 6 or more weeks ago. And therefore they are informative of what the market was then. Not necessarily what it is now.

Now what? Does the market continue to soften or will it pick up as we enter our traditionally busy fall, winter and spring market and leave behind our traditionally slower (haha) summer market.  
Stay tuned

Take care, stay well.

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

in contract last week, September 27 thru October 3, 2021

From Monday September 27th thru Sunday October 3rd, -- 14  single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 11/10/2021)

4 were priced from $475,000 to $535,000
7 from $618,000 to $899,000
3 from $1,049,000 to $1,400,000

not great, but not a bad week. though it will be hard to beat (or match) the frenzied enthusiasm of last years fall market.

Take care, stay well

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

Catalina Foothills Single Family Home Sales January thru September from 2015 to 2021

Hi,

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru September 30th of each year from 2015 to this year, 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 the chart showing the number of homes sold for up to $999,999, which represents nearly 80% of all the homes sold in the Catalina Foothills single family home market. A market that has been fairly stable in recent years. I attribute the slight decline in sales this year to an all-time low supply of homes for sale, a predicament that began in the spring of 2020 and has worsened this year. Though, for the last few weeks the supply of homes for sale has inched UP a teeny bit... there are now 105 for sale. 
For perspective, in October of previous years there were:
Oct 2017 - 293 for sale
Oct 2018 - 287 
Oct 2019 - 272
and then Oct 2020 - 130


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

Meanwhile,  sales of homes at $1,000,000+ are thru the roof and selling more quickly than ever.

Why this year after so many years of pretty-poor sales. My experience in the last few months of 2020 and so far this year is that many affluent people are moving to the Catalina Foothills from more congested cities to steer clear of covid-19 while enjoying a more relaxed lifestyle.  

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

High demand and low supply have contributed to sharply rising home prices at nearly all price ranges.
The current median sold price is $690,000, that's up 24% over last year at this time and up 39% over where it was at this time in 2019.

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

 

And median DOM is still a lightning fast 5 days.

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

I hope the market info is helpful.
Please contact me if you have a question or would like my help navigating the Catalina Foothills real estate market.
Thanks for stopping by

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

 

Take care, stay well

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

in contract last week, September 20 thru September 26, 2021

From Monday September 20 thru Sunday September 26, -- 16  single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/29/21)

4 were priced from $415,000 to $575,000
11 from $638,000 to $845,000
1 at $1,100,000

While the rest of the market has slowed somewhat, contracts at $1Mil+ have sure taken a drubbing the last few weeks.

 

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

in Contract the last 2 weeks - September 6 - September 19, 2021

From Monday September 6 thru Sunday September 19, 29  single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/21/21)

14 were priced from $360,000 to $599,900
11 from $650,000 to $991,000
 4 from $1,045,000 to $3,000,000

Wow! $3Mil, that's for a main house, a guest house and other out buildings on 20+ acres composed of 4 contiguous parcels on River Rd. 
What a find. Land like that is scarce in the Catalina Foothills and with that much acreage there are a number of possibilities for developing the property. 

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

Catalina Foothills list & sold prices

The following are listed and sold prices for the 20 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from September 1 - September 14, 2021 thru the Tucson Association of Realtors® MLSSAZ (Multiple Listing Service of Southern Arizona)

Listed	Sold
$385,000	$385,000
$410,000	$410,000
$419,900	$419,900
$429,900	$429,900
$425,000	$442,500
$485,000	$507,000
$525,000	$535,000
$529,900	$545,000
$509,000	$555,000
$569,900	$560,000
$570,000	$577,000
$600,000	$615,000
$635,000	$681,000
$750,000	$735,000
$780,000	$808,000
$850,000	$835,000
$799,000	$845,000
$850,000	$931,575
$985,000	$976,000
$1,075,000	$1,062,000

Click HERE to see the 20 homes sold 9/1 - 9/14/2021
(link expires 10/17/2021)

Some pullback but still hot hot market, 15 out of 20 homes sold at or above list price - and they sold in just 4 median DOM at a median sold price of $568,500.. which is appreciably lower than the $712,000 median sold price from the last report. And just one sale at $1Mil+ this period (contributing to lower median sold price) v. 4 sales at $1M+ at the last Listed/Sold report  and 12 sales at $1Mil+ for the July Listed/Sold report

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

Take care, stay well

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

Catalina Foothills Single Family Home Sales January thru August 2021

Hi,
The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru August 31st of each year from 2015 to this year, 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 the chart showing the number of homes sold for up to $999,999, which represents nearly 80% of all the homes sold in the Catalina Foothills single family home market. A market that has been solid and fairly stable in recent years. I attribute the slight decline in sales this year to an all-time low supply  of homes for sale, a predicament that began in the spring of 2020 and has worsened this year. Though, for the last few weeks the supply of homes for sale has inched up. 


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

Yet sales of homes at $1,000,000+ are way up and selling more quickly than ever before.
More homes sold for $1,000,000+ during this Jan - August than did in the same period of 2018 + 2019 + 2020 combined.

Why this year after so many years of pretty-poor sales. My experience in the last few months of 2020 and so far this year is that many affluent people are moving to the Catalina Foothills from more congested cities to steer clear of covid-19. 

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

High demand and low supply have contributed to sharply rising home prices at nearly all price ranges.
The current median sold price is $690,000, that's up 24% over last year at this time and up 39% over where it was at this time in 2019. 

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

 

And while the DOM has also inched up in the last few weeks, the YTD numbers, Jan 1 thru August 31, are still holding at  5 median DOM. 

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

I hope the market info is helpful for you. If you have a question or would like my help navigating the Catalina Foothills real estate market, I look forward to hearing from you.
Thanks for stopping by

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

Take care, stay well

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

in contract last week, August 30 - September 5, 2021

From Monday August 30 thru Sunday September 5  - 18 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/13/21)

3 were priced from $499,000 to $595,000
11 from $600,000 to $850,000
 4 from $1,075,000 to $1,250,000

18 contracts is in keeping with the slower pace we've seen in recent weeks, noticeably fewer contracts than earlier this summer. Meanwhile, DOM is now up to 16 days on market, when for most of the summer we were seeing 5 or 6 DOM. So the market has slowed somewhat. Though another and perhaps more accurate way to put it would be to say it is not moving quite as fast. 

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

in contract last week, August 23 thru August 29, 2021

From Monday August 23 thru Sunday August 29 - 16 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 10/04/2021)

 3 were priced from $370,000 to $465,000
12 from $618,500 to $980,000
 1 at $1,649,000

The market, particularly at $1.0mil+, appears to have slowed a bit in the last few months - fewer contracts, fewer sales and a modest increase in the number of homes for sale. Traditionally, the Catalina Foothills residential market does slow down in the summer (when it's hot as hell). But since last summer, when the market actually picked up rather than slow down, we've grown so accustomed to our red hot market that a very normal seasonal slowdown may appear to be more than it is. 

That said, there is no way of knowing whether this is the normal slowdown that happens (almost) every summer or the cooling, for other reasons, of our red hot market. By the way, even though the market has slowed or cooled a tiny bit, at most price points it still meets every description of a red hot sellers market. 

Take care, stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

Catalina Foothills listed & sold prices

here we go,
listed and sold prices for the 21 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from August 12 - August 25, 2021 thru the Tucson Association of Realtors® MLSSAZ (Multiple Listing Service of Southern Arizona)

List Price	Sold Price
$402,000	$402,618
$390,000	$405,000
$465,000	$470,000
$500,000	$481,000
$499,000	$499,000
$540,000	$530,000
$549,000	$559,000
$625,000	$621,500
$649,900	$635,000
$700,000	$700,000
$725,000	$712,000
$775,000	$740,000
$749,900	$808,000
$795,000	$830,000
$795,000	$845,000
$900,000	$900,000
$799,000	$960,000
$1,000,000	$1,000,000
$1,100,000	$1,100,000
$1,075,000	$1,250,000
$1,350,000	$1,350,000

So, still frothy, with 15 out of the 21 sales sold for list price or higher, including a couple a doozies - listed $749,900 went for $808,00 and listed $799,000 went for $960,000. Overall, 21 homes sold in 4 median days on market at $712,000 median sold price. 

However, in the previous 2 week period in July that I reported HERE there were 44 sales v. 21 in the current 2 week period. Summer slowdown or frothy market losing a bit of froth, or both?

Click HERE to see the 21 homes sold 8/12 - 8/25/2021
(link expires 9/25/21)

Take care. stay well

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

 

in contract the last 2 weeks, August 9 thru August 22, 2021

From Monday August 9th thru Sunday August 22nd - 35 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 9/23/2021)

13 were priced from $450,000 to $599,900
16 from $619,900 to $975,000
 6 from $1,075,000 to $1,749,000

A pretty good haul for the middle of August, traditionally a very slow month.

Take care, stay well

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

 

homes for sale in 85718

Once again in a recent email I received from Zillow they claim there are 183 homes for sale in 85718, one of the two zip codes that comprise the Catalina Foothills. I say once again because a few months ago (on April 30th) I received an email from Zillow that made the same exact claim - 183 homes for sale in 85718.

I said it then and I'll say it now, it just isn't so. There are not nearly 183 homes for sale in 85718. Nope

In fact today there are 63 single family homes for sale in 85718, through the Tucson Multiple Listing Service. If we include townhomes at 11, condos at 5 , mobile homes at 0 & manufactured homes at 0 the total comes to 79 homes for sale in 85718. That's it. Perhaps there are a few homes for sale by owner, probably. Though I haven't come across any FSBO's in 85718. 

Like I asked in April, 'hey Zillow, you're up to bat, where are those 183 homes for sale in 85718, where are they hiding' 
We'd love to have them, we sure could use another 100 homes for sale in the Catalina Foothills. 

And isn't it a bit uncanny that Zillow claimed there were 183 for sale in April and 183 now, in August? 

The following graphic is a screen shot of the email I received from Zillow. 

 

Take care, stay well

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

in contract the last 2 weeks, July 26 thru August 8, 2021

From Monday July 26th thru Sunday August 8th - just  27 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 9/14/2021)

10 were priced from $385,000 to $560,000
11 from $600,000 to $985,000
 6 from $1,075,000 to $1,449,950

the somewhat slower pace of contracts that we've seen lately continues.. though hardly at all for homes priced at $1mil+

With fewer homes  going to contract there are now a few more homes listed for sale, now 99 single family homes for sale in the Catalina Foothills - more than there have been all year. Up til now the number of homes for sale ranged from the high 60's to the low 80's.

Take care, stay well

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

Catalina Foothills Home Sales Data January thru July 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru July 31st of each year from 2015 to this year, 2021.

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

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents about 80% of the Catalina Foothills single family home market, A market that has been solid and fairly stable in recent years. I attribute the slight decline in sales to an all-time low supply  of homes for sale, a predicament that began in spring of 2020 and has worsened this year.

yet sales at $1,000,000 & UP  are WAY UP.
At least part of the reason why more homes are selling at $1,000,000 & UP is that for so many years sales were so slow and so low and supply was so high, many homes that were listed did not sell, and now with much stronger demand many of those owners are listing their homes again. And selling them for prices they couldn't get back then..
Click HERE and scroll down to see how the $1,000,000+ market was doing from its high in 2006 to its low in 2015. 

Sold prices are up 40% from 2019 and 26% from 2020

And who knew that buyers and sellers could agree and make deals so quickly

 

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

Take care, stay well

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

Catalina Foothills listed & sold prices

here we go,
listed and sold prices for the 44 single family homes that sold in the Catalina Foothills of Tucson, AZ (85718 & 85750) from July 19 - July 30, 2021 thru the Tucson Association of Realtors® MLS

List Price	Sold Price
$359,000	$350,000
$381,000	$405,000
$425,000	$440,000
$450,000	$441,000
$450,000	$450,000
$457,000	$460,000
$560,000	$500,000
$499,000	$500,000
$479,900	$508,220
$535,000	$520,000
$525,000	$525,000
$539,900	$538,000
$590,000	$591,375
$599,000	$600,000
$649,900	$629,519.01
$590,000	$635,000
$635,000	$635,000
$525,000	$635,800
$595,000	$646,000
$650,000	$675,000
$679,000	$680,000
$699,000	$715,000
$729,000	$729,000
$775,000	$750,000
$670,000	$750,000
$799,900	$760,000
$749,000	$780,000
$850,000	$850,000
$865,000	$850,000
$875,000	$875,000
$925,000	$925,000
$875,000	$950,000
$1,100,000	$1,050,000
$949,900	$1,060,000
$1,000,000	$1,100,000
$1,165,000	$1,165,000
$1,150,000	$1,170,000
$1,225,000	$1,170,000
$1,249,950	$1,200,000
$1,175,000	$1,200,000
$1,425,000	$1,495,000
$1,682,999	$1,550,000
$1,595,000	$1,590,000
$2,575,000	$2,500,000

Still a pretty frothy market with a great many homes selling for list price or more and doing so in just 6 median days on market with a median sold price of $722,000, higher than it's ever been. (Jan - June median sold price was $685,000)

Most of these sales are the result of deals that were made in the previous 20 to 45 days or so, from the beginning of June thru the middle of July. A period that, in normal times, is our slower summer season. But there was no slowdown last summer and so far not much of a slowdown this summer either. 

Click HERE to see the 44 homes sold
(link expires 9/02/2021)

and HERE to view the previous list & sold report

see TheFoothillsToday.com 
to see all the homes for sale in the Catalina Foothills

in contract last week, July 19 - July 25, 2021

From Monday July 19th thru Sunday July 25th - 20 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/27/2021)

11 were priced from $390,000 to $599,000
 7 from $625,000 to $850,000
 2 at $1,075,000 & $1,100,000

A slight uptick in contracts last week,

Take care, Stay well

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

 

 

in contract last week, July 12 - July 18, 2021

From Monday July 12th thru Sunday July 18th - 14 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/22/2021)

5 were priced from $381,000 to $590,000
7 from $600,000 to $900,000
2 at $1,195,000 & $2,500,000

 The slower pace of summer sales continues. And with it we're now seeing a slight rise in inventory - 87 single family homes for sale in the foothills today - a few more than we've seen at any time this year. 

Take care, Stay well

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

in contract last week, July 5 - July 11, 2021

From Monday July 5th thru Sunday July 11th - 15 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/15/2021) 

6 were priced from $425,000 to $539,900
7 from $650,000 to $949,900
2 at $1,250,000 & $1,535,000

Since June 21st this is the 3rd week with fewer contracts than previous weeks. 
Last week I wondered, 'Summer slowdown? We'll see...'  
Now it is looking more like, yes, it is a summer slowdown. However, these 15 homes still went to contract quickly, just 5 DOM. And if this is a slowdown it is occurring later than usual. 

Summer slowdowns happen every year starting in late May or early June. It's the beginning of our off-season. Last summer, Covid summer of 2020, was the exception, as buyers came pouring in from other more congested cities, regardless of how hot is was here. 

Take care, Stay well

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

Catalina Foothills Single Family Home Sales Data for Jan 1 - June 30 2021

The following charts track the number of single family homes sold, median sold prices (MSP) and days on market (DOM) in the Catalina Foothills of Tucson, AZ for the period of January 1st thru June 30th of each year from 2015 to this year, 2021.

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

First up is the chart showing the number of homes sold for up to $999,999, which, this year, represents about 80% of the Catalina Foothills single family home market with 20% going to homes sold at $1,000,000 and UP.
A market that, other than last years pandemic induced slump, has been quite stable in recent years.

 

After years of scraping bottom the $million+ market has broken out and is doing astonishingly well this year. 

Median sold prices of homes that sold for up to $999,999 this year are 30% higher than in 2019 ($470k v. $616k) And when we look at the entire market, including the boost from so many $million+homes selling this year, the median sold price is Up 38% since 2019 - which is the number reflected in this chart. 


Combine quickly rising prices with the **lowest number of homes for sale in the last 20 years and you have frenzied buying and listings going to contract in a flash while attracting multiple offers. 

**(June 2021 avg. 75 homes for sale // June 2020 avg. 185 homes for sale // June 2019 avg. 273 homes for sale //
June 2016 avg. 464 homes for sale)

Take care, Stay well

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

in contract the last 2 weeks, June 21 - July 4, 2021

From Monday June 21 thru Sunday July 4 - 38 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 8/6/21)  **3 other homes went to contract but those deals have since fallen thru

11 were priced from $449,000 to $599,000
19 from $625,000 to $997,000
 8 from $1,100,000 to $1,999,000

Fewer contracts than we've seen in previous weeks. Summer slowdown? We'll see...

Take care, stay well

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

in contract last week, June 14 to June 20, 2021

From Monday June 14 thru Sunday June 20 - 28 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 7/25/2021)

 7 were priced from $390,000 to $599,000
15 from $610,000 to $899,000
 6 from $1,000,000 to $1,399,000

28 homes to contract, and quickly too, (in 5 median DOM) in the middle of a sizzling hot June is not a market showing signs of slowing down, as I mentioned last week that it probably would. Not yet anyway.
DOM = days on market

Take care, stay well

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

another record broken

Home sales in the Catalina Foothills have broken a few records so far this year;
the record for highest ever median sold prices, currently $761,000 // the fastest home sales ever, currently 5 median days on market // the most sales at over $1million, 95 so far // the most sales over $3million, 7 so far // and now the first sale ever at over $4,000,000, at $4,063,564 in the Mountain Estates at Ventana. 

Click Here to see all the single family homes sold in the Catalina Foothills in the last 30 days (link expires 7/19/2021)

 

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

Take care, stay well

 TheFoothillsToday.com 
to easily search all Catalina Foothills homes for sale 

in contract for the last 3 weeks, from 5/24 to 6/13/2021

From Monday May 24 thru Sunday June 13 - 63 single family homes went to contract in the Catalina Foothills of Tucson, AZ  (link expires 7/15/21)

28 were priced from $325,000 to $599,000
24 from $600,000 to $959,000
11 from $1,100,000 to $2,490,000

The market's still barreling along, or it was 2 or 3 weeks ago. 
Let's see how  many of those homes went to contract last week, 6/7 - 6/13.

21 contracts last week, priced from $325,000 to $959,000 
So, still barreling along, but worth noting that that is the first week in a very long time with no contracts at $1,000,000 & UP. 

It is very likely that with summer here in full bloom the market will slow down a bit, or more.

Take care, stay well

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

 

 

Big sold numbers for the last 30 days

I was pulling the numbers for homes that sold in the last 30 days to update the Just Sold link on my website, TheFoothillsToday.com and while I wasn't  so surprised by the numbers, I sure was Wowed by them.

In the last 30 days;
94 homes soId (94 is way up there) at a median sold price of $740,000 (and $740,000 is too)
22 of them sold for over a $million, from $1,000,005 to $3,723,000 and all of them sold in just 6 median days on market. 
I don't think we've ever had a 30 day period with nearly that many sales at $1,000,000+.

And 3 of them sold at over $3,000,000, at $3,150,000, $3,337,500 and $3,723,000. 

To put that in perspective, in the previous 10 years combined, from 2011 thru 2020, a grand total of 8 homes sold at over $3mil.  8 in 10 years. v. 3 in the last 30 days.

See the 94 homes sold in the last 30 days, Wow!

 

Take care, stay well

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