Luxury Home Market Update

From Jan 1 – June 8, 2011 there have been 29 homes in the Foothills and the Northwest (Oro Valley & Marana)┬áthat have sold for $1million or more. 12 of these sales have been in the Northwest; the remained in the Foothills.

Avg. price per sq foot is $256 and the average days on market was 122 days.

The average price was $1.3million and on average homes sold for 91% of the last list price.

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