Tucson real estate : 2012 Oro Valley & Catalina Foothills housing market review

Below find the 2012 housing results for all single family home sales in the Foothills and Oro Valley. I have compared the 2012 housing results to 2011, to show changes in the housing market on a yearly basis.
Foothills

Year                    2011                   2012
Avg. Price           $477                   $459
# Sales                     627                         810
Days on Mkt.          97                           73
In 2012, the average purchase price of single family homes in the Foothills declined 3% while the amount of sales rose 29%. Additionally, in 2012 homes sold 24% faster. While the purchase price of homes in the Foothills declined in 2012, more home sold and at a faster rate.
Oro Valley
Year                                               2011                   2012
Avg Price                                      $287k              $279K
# Sales                                            533                    627
Days on Mkt.                                98                       72

In 2012, the average purchase price of single family homes in Oro Valley declined 2% while the amount of sales rose 17%. Additionally, in 2012 homes sold 26% faster.While the purchase price of homes in Oro Valley declined in 2012, more home sold and at a faster rate.

In 2013, the housing market is expected to improve. Hurray! Considering buying or selling a home? Contact Lisa Bayless (668.8293) for a free market evaluation.
Realtor Lisa Bayless specializes in Tucson Catalina Foothills, Oro Valley and Marana home sales.  Contact Lisa with allyour Tucson real estate needs.

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