Currently there are conflicting indicators, regarding the state of the luxury housing market in the Foothills and Oro Valley
$1 million plus homes sales in the Foothills and Oro Valley
1/01/10 – 3/15/10 1/01/11 – 3/15/11
# Sold: 13 6
Medium price $1,220,000 $1,383,625
Med$/sqft $265 $255
Avg. DOM 160 156
Med$/sqft has dropped 3.7% from last year and less than half the number of homes have sold. On the upside, the medium price is rising. Those who are buying million dollar homes are buying more expensive ones!
Tucson Real Estate Agent, Lisa Bayless, specializes in Tucson Foothills homes and Oro Valley homes.
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Fantastic. Please check out the 1st quarter 2011 market update I just posted. It compares 1st quarter 2011 results against 2010.
Home run! Great slugigng with that answer!
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