Tucson Area Sales Statistics

Have you wondered what this year's sales statistics vs. last year's sales statistics actually look like?  Well, here it is.  Here is the truth plain and simple.  The Tucson real estate market has been doing better than it did in 2009, with one exception... JUNE.  June just wasn't a pretty month.  It was hot, we had absolutely no rain, sellers were fairly stubborn in their home prices, and buyers were annoyed.  But fear not.  July has been a different month for everyone.

Once the MLS has produced its monthly Tucson area sales statistics for the month of July, we will post the updates.  So, stay tuned!

JUST LISTED- La Paloma Home

We have done it again! This is our 3^rd home listed this year in the community of Las Palomitas, located in the subdivision of La Paloma. On to getting it SOLD!
 John and I were homeowners in Las Palomitas and John was on the board for the community. We truly know the Catalina Foothills and La Paloma well. This is a very quiet, charming, and established community with large mesquite trees and palo verdes shading the homes and streets. Just a beautiful neighborhood to enjoy the Catalina Mountain views. Take a look at the home and if you are interested or know someone who might be, let us know. We are more than happy to give your further information about the home or if you would like, you can set up a time to view the home with us.

 4069 E. Via Del Buho

$319,000

3 bedroom

3 bathroom

1,575 square feet

Home backs up to common area

North facing backyard with clear views of the Catalina Mountains

Foreign Investors Flock to U.S. Housing Market

As the news is reporting, foreign real estate investors are heading to the U. S. to snap up cheap, inexpensive homes… in the hopes of selling them for a profit. Tucson, Arizona is seeing many of those foreign real estate investors making their mark, right here in our own city. In fact, NAR (National Association of Realtors) reports that roughly 28% of realtors have completed a real estate transaction with a foreign investor in the past year. Want to read more?

You can find the article in its entirety at HERE

Tucson Home Sales Statistics

KEY CURRENT MONTHLY STATISTICS
Key Prior Month Statistics: JUNE 2010 Statistics 

Total
Tucson
Home Sales Units:
1,170
 Increased 2.72% from June 2009
Decreased 7.87% from last month.


Total Tucson  Pending Sales: 1,145
 Decreased 20.04% from June 2009
Increased 18.90% from last month.

Tucson
Average Sale Price: $189,231
 Down 9.44% from $208,952 in June 2009 

Total
Tucson
Active Listings: 6,852
Up 9.44% from 6,261 in June of 2009

Total
Tucson
New Listings: 1,505
Down 387 units from 1,892 in June of 2009
**********************************************

Northwest Tucson Average Sale Price: $265,124
Up from $237,880 last month

Northwest Tucson Active Listings: 1,745
Up 9 units from last month

Northwest Tucson New Listings:  378
 Up 35 units from last month
************************************************

Catalina Foothills
Average Sale Price:  $424,172
Up from $404,201 last month

Catalina Foothills Active Listings: 716
 Down 12 units from last month 

Catalina Foothills New Listings: 132
 Down 73 units from last month


CONCLUSIONS

Positive Market Indicators this month   More buyers are out than last year.  In fact, year to date, 98.08% more homes have been sold than in 2009.  That is 3,114 more homes that have already been SOLD!  Pending contracts are up almost 19% over last month.  Compared with June of 2009, new listings have declined by 20.45%  And, 33% of homes sold in June sold in 30 days or less.  Great news! 

Negative Market Indicators this month Unit sales are down about 8% from last month.  Active listings are up 1.63% over May.  New listings are up slightly over last month by 2.87%.

QUESTIONS ABOUT TUCSON HOUSING MARKET CONDITIONS?
Email John or call him today at (520) 247-4459

* All statistics were obtained from the Tucson Association of Realtors June 2010 report *