Category Archives: Statistics - Page 3

Tucson MLS Statistics September 2011

Posted by on October 24, 2011 No comments

Well, September has come and gone and now we are in the last quarter of the year. Is my prediction of hitting the bottom and starting back up going to happen? To be very honest I question that, but I am still seeing signs of a small housing recovery in many areas of the US which will eventually filter down to Tucson. I am not talking new homes but Resale homes in Tucson. Our Inventory continues to go down over the last six months which means we are keeping up with the homes coming on the market.

Again we have had some changes that were not for the good, but the changes were small. Sales of homes over $500,000 numbers are still dropping. This has more effect on the Average Sales price than the Median, but our Median did drop almost $5000 from August which surprises me as Sales were down by just 42. This next month will probably be key to our recovery for the last quarter.

Apr.
2011		 May
2011		 Jun.
2011		 Jul.
2011		 Aug.
2011		 Sep.
2011
Average Sales Price
 $173,981 $168,453 $167,172 $173,141 $154,944 $150,699
Median Sales Price
 $132,000 $127,000 $126,000 $125,000 $122,200 $117,500
Total Units Sold*
 1152 1247 1312 1124 1106 1064
Active Listings
 6269 5795 5566 5412 5167 5155
Days On Market
 83 80 79 76 73 80
Listings Under Contract**
 2610 2239 2163 2009 2121 2059
Sales Over $500,000
 51 45 51 52 24 19

The figures on this table are subject to change due to late reportings and corrections. These changes are reflected in the next months statisical blog post after we receive the updated information. For this reason you will find inconsistencies if you compare the data on multiple tables.

* Closed during the month.
** For the current month (not the total listing under contract)

Again I have seen some good statistics on spending which can work its way into housing. Interest rates are still at all time lows, but do not expect them to stay this low for much more than six months.

Jobs are still the prime factor of when we will really start out of this terrible spot we are all in. If you have a good job that is safe, you better be very thankful, as you are part of the lucky ones. I think a lot of our lives could change if we just looked at our Tax Code, Taxes and OIL. WHY, when we sit on more of the worlds reserves do we continue to buy from other countries? Do not believe what is said by the administration that we only have 2% of the world reserves, as the statement is flatly false, based on our own governments statistics. Just another scare tactic to stop us from drilling. We have the technology to drill and protect the environment but we do not create the jobs in that area and produce much cheaper Oil for the US, that the money stays in the US.

Call me at 240-7130 if I can help you with a owner occupied home, or you want to buy investment homes. We have a Lender right here in Tucson that will allow, I believe up to 10 homes, that the Lender keeps in their portfolio.

Have a safe Halloween.

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Tucson MLS Statistics August 2011

Posted by on September 19, 2011 No comments

Our Average and Median Sales prices went down again, but I really attribute this to more lower priced homes selling than higher priced homes. I will have to look at last months statistics to see how many higher priced homes sold. I may have to quote that number to show how it affects the Average and Median Sales prices.

I did look this up and I feel I am right as there were only 24 homes that closed above $500,000 in August as compared to 52 in July. I will add these numbers to our table and watch this statistic also. This will have a bigger factor in the Average Sales Price and a small factor in the Median Sales Price.

Total units Sold was 18 less sales than the previous month, still OK. Active listings has continued down over the last 7 months, which is also OK. Listings under Contract went back up from a low in July, which is OK. Average for, Tucson Days on Market, dropped 3 days, which is OK.

Mar.
2011		 Apr.
2011		 May
2011		 Jun.
2011		 Jul.
2011		 Aug.
2011
Average Sales Price
 $163,590 $173,981 $168,453 $167,172 $173,141 $154,944
Median Sales Price
 $125,000 $132,000 $127,000 $126,000 $125,000 $122,200
Total Units Sold*
 1169 1152 1247 1312 1124 1106
Active Listings
 6703 6269 5795 5566 5412 5167
Days On Market
 84 83 80 79 76 73
Listings Under Contract**
 2152 2610 2239 2163 2009 2121
Sales Over $500,000
 33 51 45 51 52 24

The figures on this table are subject to change due to late reportings and corrections. These changes are reflected in the next months statisical blog post after we receive the updated information. For this reason you will find inconsistencies if you compare the data on multiple tables.

* Closed during the month.
** For the current month (not the total listing under contract)

All in all I would not call August a bad month, but a good solid average month, for where we are. I am still thinking this last quarter of 2011 will see us start to level out and price and sales pick up slightly.

I keep track of Notices of Sale, which become Short Sales or Foreclosures, and the number that was in the paper was much higher than my count (838). I did not keep the article but I know my number was lower. I am just looking at Residential and that may be the difference in the numbers, but not sure. Next month I will start posting my count so we all can see how the Notices of Sale are affecting our Tucson Market. These number are for Pima County and include areas not in the Tucson Metro Area, but should be a good way to measure where we are and how soon we might start out of the bottom.

With prices where they are, and interest rates hovering around 4.5%, I can not stress how important the next few months are if you are ready to purchase. Why not call me to discuss what to do. Call me on my cell at 240-7130.

 

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Tucson MLS Statistics July 2011

Posted by on August 12, 2011 No comments

Well here we are again. We just got our Debt Ceiling increased and some Spending cuts in the out years. That is not what we need. We need cuts in spending now to stop this upward spiral that will cost all of us for many rears to come. We as the public can not operate this way because we can not print money. We need comprehensive tax reform that cuts out subsidies, reduces tax rates, eliminate capital gains tax, and the death tax. I am sure I left some things out but we need to have a solid plan so businesses know what to expect 10 years from now. These are the Businesses that are going to hire our Millions of unemployed.

This Administration took their eye off the ball and worked only on Heath Care. I am sure there are many that think this was a great thing and in ways it is, but there is so much tax law in this Bill that it will all come out after this current President is gone. The cost to all of us will be so much higher than projected that I really hurt when I think what is coming down the pike. I will be retired when the sh…hits the fan and it will if this program remains. We need smaller government that works for us not their political future.

Now the July statistics. We are again just in a holding pattern but not going down. What has gone down is the interest rate. We are under 4.5% for the moment and you need to act soon as it will probably stay under 5% for a few months. Some of the important numbers are down some but that has changed each month for this past year. I am still looking at a more stable market in the last quarter.

Feb.
2011		 Mar.
2011		 Apr.
2011		 May
2011		 Jun.
2011		 Jul.
2011
Average Sales Price
 $182,388 $163,590 $173,981 $168,453 $167,172 $173,141
Median Sales Price
 $137,000 $125,000 $132,000 $127,000 $126,000 $125,000
Total Units Sold*
 879 1169 1152 1247 1312 1124
Active Listings
 6947 6703 6269 5795 5566 5412
Days On Market
 107 84 83 80 79 76
Listings Under Contract**
 2272 2152 2610 2239 2163 2009

The figures on this table are subject to change due to late reportings and corrections. These changes are reflected in the next months statisical blog post after we receive the updated information. For this reason you may find inconsistencies if you compare the data on multiple tables.

* Closed during the month.
** For the current month (not the total listing under contract)

I have had a great month and I hope this shows up for all of our Real Estate community and we really get up for that last quarter of 2011.

If I can help you do call me at 240-7130. We sell Real Estate and my son David does East side Property Management. David and I also do Short Sales for Owners who are underwater. Call us.

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