Tag Archives: 2010

Tucson MLS Statistics February 2011

Posted by on March 17, 2011 No comments

What a difference a month makes. Everything went in the correct direction and I am praying that it starts a trend. I am seeing it in the properties I am showing and the properties that are going under contract during March. I have been very busy, which is great, but tiring.

Interest rates have gone back down below 5% which is also good, but I would not count on it staying there. Markets will be in a turmoil because of happenings in Japan and Lybia. Gas prices are up for what reason I do not understand except, it again is the speculators driving the prices up.

I am short on time so I will give you the new table and try to write another blog next week if time permits.

Sep.
2010		 Oct.
2010		 Nov.
2010		 Dec.
2010		 Jan.
2011		 Feb.
2011
Average Sales Price
 $181,612 $177,133 $180,736 $186,399 $166,998 $182,388
Median Sales Price
 $145,855 $140,000 $139,900 $139,500 $134,250 $137,000
Total Units Sold*
 873 752 800 907 780 879
Active Listings
 7217 7412 7455 6859 7147 6947
Days On Market
 93 97 96 106 108 107
Listings Under Contract**
 1515 1899 1900 1760 2013 2272

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)

If I can help you Buy or Sell call me. I can do Short Sales, sell you a HUD Foreclosed home or just a regular Foreclosure (REO). Call me at 520-240-7130.

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Tucson MLS Statistics January 2011

Posted by on February 16, 2011 No comments

Wasn’t that cold snap a lot of fun for warm Tucson. I got caught at my office for a few hours until I could get the pipe thawed. I saw water everywhere around the East side. I was lucky and my gas did not go out as it did in many places including Rita Ranch. I guess we will all look to what happened and possibly get better prepared for a next time.

Well speaking of getting prepared I see prices having gone down in January and interest rates going up to just above 5%. The one good thing I saw is that 1648 contracts were written in January with a total of 2013 contracts still in Escrow at the end of January. I think this is a positive thing. The last high month for contracts written in that month was April 2010. Don’t forget December was a little slow and it may have caused January to show a pick up.

Aug.
2010		 Sep.
2010		 Oct.
2010		 Nov.
2010		 Dec.
2010		 Jan.
2011
Average Sales Price
 $186,562 $181,612 $177,133 $180,736 $186,399 $166,998
Median Sales Price
 $150,750 $145,855 $140,000 $139,900 $139,500 $134,250
Total Units Sold*
 882 873 752 800 907 780
Active Listings
 7170 7217 7412 7455 6859 7147
Days On Market
 91 93 97 96 106 108
Listings Under Contract**
 1378 1515 1899 1900 1760 2013

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)

The bad part of January was Average and Median Sales Price both went down, while Days on Market and Active listings went up. We are still getting a large number of Foreclosures and Short Sales and this is really hurting our market.

There are some good buys out there and I have four clients with contracts in progress, two Foreclosures (REO) and 2 Short Sales. I fully believe all four will close from March through May.

If I can help you purchase a home or Sell your home call me at 240-7130. Interest rates will start climbing soon from what I see.

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Tucson MLS Statistics December 2010

Posted by on January 11, 2011 No comments

With the Holidays in the month of December, I think we did pretty well.We had 907 Sold Units but a lower number of Listings under contract which I can see is probably the result of the Holidays. Days on market went way up to 106, but Median and Average Sales price did well.

Jul.
2010		 Aug.
2010		 Sep.
2010		 Oct.
2010		 Nov.
2010		 Dec.
2010
Average Sales Price
 $192,072 $186,562 $181,612 $177,133 $180,736 $186,399
Median Sales Price
 $150,000 $150,750 $145,855 $140,000 $139,900 $139,500
Total Units Sold*
 792 882 873 752 800 907
Active Listings
 6668 7170 7217 7412 7455 6859
Days On Market
 87 91 93 97 96 106
Listings Under Contract**
 990 1378 1515 1899 1900 1760

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)

I am working with more buyers since the 1st of the year and think this will continue. Rates are still low but I am not counting on it staying below 5% for much longer. Short Sales and REO property are still dominating the market but this month and last month at least showed us in a holding pattern. If the inventory drops as it did this month we might see a small increase in pricing.

Many of the Banks are taking their time before foreclosing on properties and this will hold the listings down for a month or so. If the unemployment decreases and jobs start up again, I think we will slowly come out of this economic crisis we have been in. The more homes that sell in other states gives us a good chance to pick up some buyers that want warmer climates and are ready to retire. It has happened many times in the past 30 years and it will happen again.

I am still available to assist you in buying or selling. I have Short Sale experience to assist you, if you are in that unfortunate position. Call me at 520-240-7130.

I wish you all a great new year.

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