Monthly Archives: September 2010

The Canyons divide even greater!

Currently, there are 6 homes in The Canyons for sale with an avg. asking price/sqft of $557.71. The medium price of a home in The Canyons is $3.49 million.

Problem is, there have only been 2 homes, in all of Tucson that have sold for over $2million in all of 2010. Neither of these homes sold for more than $2.2million.
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The Pima Canyon divide!

Currently there are 19 homes for sale in Pima Canyon with an average asking price of 402.09/sqft. Only 3 of there homes are below $1mm.

Problem is, only 3 homes have sold in, in Pima Canyon, over the past 6 months with an avg. selling price of $324.52/sqft. Two of the homes that sold had a price reduction of over $1mm.
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Tucson luxury housing mkt. July 2010

As of July 2010 active luxury inventory was 338, a 23% decrease from July 2009. There were 7 luxury closings in July 2010, 36% below July 2009. Luxury months of Inventory was 48.3, up from 39.9 in July 2009. Median price of luxury sold homes was $915,000 for the month of July 2010, down 33% from July 2009. There were 15 new luxury properties under contract in July 2010, down 6% from July 2009.

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Tucson main mkt. July 2010

As of July 2010 active inventory was 7,047, a 14% increase from July 2009. There were 792 closings in July 2010, 32% below July 2009. Months of Inventory was 8.9, up from 5.4 in July 2009. Median price of sold homes was $150,000 for the month of July 2010, down 11% from July 2009. There were 1,296 new properties under contract in July 2010, up 21% from July 2009.

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Foothills housing market July 2010

As of July 2010 active inventory was 713, virtually unchanged from July 2009. There were 70 closings in July 2010, 23% below July 2009. Months of Inventory was 10.2, up from 7.9 in July 2009. Median price of sold homes was $360,350 for the month of July 2010, down 9% from July 2009. There were 95 new properties under contract in July 2010, up 23% from July 2009 Continue reading

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