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Tag Archives: Foothills homes for sale
Both buyers & sellers often enquire about the amount of supply/demand in a particular price range and area. Months of inventory provides good insight into this question. Months of Inventory (MOI), is the amount of current inventory (homes currently for sale) divided by average monthly sales. This is a good indicator of market health since it measures the amount of time it will take to eliminate existing inventory at the current rate of sales. In general, a market is considered “balanced” when MOI is around 6 months.
5151 N Calle Ladero , a short sale property located in the Tucson Catalina Foothills, has sold after 1,047 days on the market for $1,255,000. Continue reading
Tucson real estate 9/26/11 : The Villages of La Paloma is a part of the La Paloma community south of Sunrise Dr. Most of the home are located on small lots and built after 2000. The medium sales price, over the past 6 months is $475,000 Continue reading
Tucson real estate : As of August 2011 active inventory was 344, a 19% decrease from August 2010. There were 53 closings in August 2011, 43% above August 2010. Months of Inventory was 6.5, down from 11.5 in August 2010. Median price of sold homes was $219,900 for the month of August 2011, down 22% from August 2010. The Northeast and Extended Northeast area had 52 new properties under contract in August 2011, down 9% from August 2010.
Tucson real estate : Sin Vacas is a gated luxury subdivision in the Catalina Foothills just north of Campbell and Skyline. While it may be “without cows” it has had some decent sales in the past 6 months. Continue reading
The demand for big homes in the Tucson Catalina Foothills is a thing of the past. Buyers just don’t seem to want them. In the past 5 years, only one home 10,000 sqft or larger has sold in the Catalina Foothills Continue reading
Shadow Hills is a popular Tucson Catalina Foothills subdivision, located near 1st and Orange Grove. It’s a Foothills subdivision where homes actually sell! Continue reading
Tucson real estate : Over the past 30 days, 37 homes in the Tucson Catalina Foothills have sold with a medium sale price of $339,000. Currently, there are 355 homes for sale in the Tucson Catalina Foothills with an average asking price of $658,000.
Tucson Real Estate: Pricing your property properly when first listed can help you get a higher percentage of your list price and sell it in half the time. The majority of showings occur when a house is first placed on the market. If you price too high when you put it on the market, you run the risk of incurring higher holding costs and ultimately getting less for your property.
Months of Inventory (MOI) reflects the time period required to sell all the properties on the market given the number of closed transactions in the preceding month, provided no new product becomes available. This is an excellent benchmark to show the velocity of transactions in relation to the market inventories. This measurement is a broad one and will vary (in some cases dramatically) by price range, location and type of property Continue reading