Tag Archives: December

Tucson MLS Statistics December 2011

Posted by on January 11, 2012 No comments
I would say that December, which included the Holidays, turned out OK. Average Sales Price was up. Median Sales price was down to the October number but don’t forget that is just the middle number of the 961 units that closed. A lot of the other statistics were lower I think because of the Holidays. Again I think we have come very close to the bottom of our market and I expect to see positive results over the next quarter. Do not expect strong results but steady increases.
We still have a lot of Short Sale properties and Foreclosures to handle, but our Listing Inventory is still low.
Jul.
2011		 Aug.
2011		 Sep.
2011		 Oct.
2011		 Nov.
2011		 Dec.
2011
Average Sales Price
 $173,141 $154,944 $150,699 $151,812 $158,434 $161,471
Median Sales Price
 $125,000 $122,200 $117,500 $120,000 $122,000 $120,000
Total Units Sold*
 1124 1106 1064 982 1015 961
Active Listings
 5412 5167 5155 5290 5191 4911
Days On Market
 76 73 80 74 78 78
Listings Under Contract**
 2009 2121 2059 2070 1996 1903
Sales Over $500,000
 52 24 19 21 33 31

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) 

Interest rates are still low and will probably stay in that range for the next 3-6 months. You can get a monthly payment that is very close to renting an apartment.
Our Economy has really taken a hit over the last three to five years. The blame can go to any number of people on both sides of the political spectrum but unless this administration gets more in tune with businesses instead of chastising them, we will not come out of this for possibly another two to three years. The public really does not know how hard this Health Care bill will be on everyone and the cost to each and I do mean each of us. Seniors in about three years will be paying almost 3 times their current premium for medicare, but no offsetting raise to pay for it. Some will have to cut back on many things and just exist. Now who was it that passed this Bill?  Who was it that said now that we have passed it we need to find out what is in it.  Go Nancy!!
Vote, but please vote smart.
Call me if I can help you with your Real Estate needs at 240-7130
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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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TUCSON MLS Statistics December 2009 – February 2010

Posted by on March 24, 2010 No comments

I can not believe I let three months go by without updating the MLS Statistics. I know the reason, as we just changed our company name to Ability Realty. Yes, we did drop out of Century 21. Our office size did not work for us to remain in a Franchise, and I now feel a lot less pressure has been relieved on all of us. You can not believe what had to be done to change just the office name. It took us weeks to get almost everything accomplished.

Now to the Statistics. To be very honest February really does not show much change over the past three months except for a larger increase in Active listings. Listings under contract is the largest number since last June. Again that is probably reflective of the Tax Credit that expires on April 30th to be under contract, and close by June 30th.
Sep.

2009

 Oct.

2009

 Nov.

2009

 Dec.

2009

 Jan.

2010

 Feb.

2010
Average Sales Price
 $196,755 $195,258 $188,384 $201,216 201,219 $195,996
Median Sales Price
 $163,000 $158,000 $162,500 $154,000 $160,000 $150,000
Total Units Sold*
 945 1063 1011 919 712 741
Active Listings
 6008 6213 6350 6130 6618 6739
Days On Market
 80 71 73 73 73 68
Listings Under Contract**
 1333 1287 947 847 1155 1417

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)

There are a lot of Short Sale homes out there and the Lenders are staying very close to the fair market value. Make sure you know what you are paying and what will happen in the 3 to 4 months it will take to get approval from the lender on the contract. If it is Bank of America they will be doing a Broker Price Opinion (BPO) every month so they have a current value to make their decision on the price. Believe me this BPO can really cause a problem if the person doing the BPO is not good at it. We experienced one of our listings that the person said it was worth more than $30,000 over the offered price. Believe me it was priced right in the offer but the Lender wanted more money and the Buyer walked away. We are now two more months into it and no offers.
If you are about  to experience difficulty in making your mortgage payments be sure you talk to your lender as they are doing many more Loan Modifications now. If you do not qualify ask for a Short Sale Package and call Barry or David to help you make a good decision for your future. It really does mater if it is a Short Sale or a Foreclosure.  Do you know what HAMP and HAFA mean? You should if you are experiencing problems making your payments. We will talk more about HAMP and HAFA soon as the new requirements start in early April.
Call me any time at 240-7130 if you have questions
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