Tucson real estate : 2011 housing review (Catalina Foothills & Oro Valley)

Tucson real estate :  Below find the 2011 results for all single family home sales in the Foothills and Oro Valley. I have compared the 2011 housing results to 2010, to show changes in the housing market on a yearly basis.
 
Foothills
 
                        2010            2011
Avg. Price         $501k            $477k
# Sales             586               627
Days on Mkt.     130               97
 
Compared to 2010, in 2011 the average purchase price of single family homes in the Foothills declined 5% while the amount of sales rose 6%. Additionally, in 2011 homes sold 25% faster.  While the purchase price of homes in the Foothills declined in 2011, more home sold and at a faster rate.
 
Oro Valley
  
                       2010            2011
Avg. Price         $330              $287
# Sales             528               533
Days on Mkt.     137               98
 
Compared to 2010, in 2011 the average purchase price of single family homes in Oro Valley declined 13% while the amount of sales rose 1%. Additionally, in 2011 homes sold 28% faster. While the purchase price of homes in Oro Valley declined in 2011, more home sold and at a faster rate.
 
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley & Marana home sales. Contact Lisa for all your Tucson real estate needs
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