Below find the 2nd quarter (April – June), 2011 housing results, for the Foothills and Oro Valley. I have compared the 2nd quarter 2011 results to 2010, to provide an overview of the market’s current condition compared to the same time last year.
Foothills (April – June)
2010 2011
Closings 163 185
Days on Mkt. 133 92
Source: MLS
The Foothills real-estate market is showing signs of improvement relative to last year! Compared to the 2nd quarter of last year, the average price of homes, in the Foothills rose 4%, while the number of closing rose 13%, during the 2nd quarter of 2011. Average days on markets was 92, a 30% decline from 2010. This all suggests the Foothills real-estate market is moving upwards; hurray!
Oro Valley (April – June)
2010 2011
Closings 182 141
Days on Mkt. 156 115
Source: MLS
Compared to the 2nd quarter of last year, the average price of homes, in the Oro Valley declined 10%, while the number of closing declined 22%, during the 2nd quarter of 2011. Average days on markets was 92, a 26% decline from 2010. While prices and the number of homes sold, in Oro Valley has fallen, compared to last year, home are selling more quickly.
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