Tag Archives: foreclosure

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 November 2011

Posted by on December 20, 2011 No comments

Well here we are in the Month of December and almost Christmas. November was a good month and  continued what I felt would happen in the last quarter of the year. I feel we have reached the bottom of the market in Tucson. October and November are showing improvement and December should be about the same as November which should finish out the year on a positive note.

Jun.
2011		 Jul.
2011		 Aug.
2011		 Sep.
2011		 Oct.
2011		 Nov.
2011
Average Sales Price
 $167,172 $173,141 $154,944 $150,699 $151,812 $158,434
Median Sales Price
 $126,000 $125,000 $122,200 $117,500 $120,000 $122,000
Total Units Sold*
 1312 1124 1106 1064 982 1015
Active Listings
 5566 5412 5167 5155 5290 5191
Days On Market
 79 76 73 80 74 78
Listings Under Contract**
 2163 2009 2121 2059 2070 1996
Sales Over $500,000
 51 52 24 19 21 33

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)

Everything shows improvement except the listings under contract went below 2000 units which gives me some concern. A large percentage of this number is Short Sale and REO homes which may be due to the Holidays coming up and people want to wait until January. I know I have a buyer that is thinking that way. I really think we are in a break out position as far as Tucson is concerned. Our Inventory has been very steady and we are not getting a large number of homes for sale. If you stop to think about that, you will see that not many homes will go on the market because most of the Sellers will owe more than what the home is worth today, so we do not see that upward or downward movement of Sellers to Buyers as in years past.

Now here is another thought. The people that lost their homes two years or more ago, and who have cleaned up their credit except for the Short Sale of their home, are entering the time frame where they may qualify for a FHA Loan. It will be available for those who can qualify. If you are in this part of your life and still want to purchase, start checking with a good Lender. As time goes by the numbers will increase and the inventory will go down as prices start back up, I hope at a modest increase. We do not need another 2005.

If our wonderful Government would only get their act together we might see National Improvement, which would bring people back to Arizona again, because we have a great place to live. All we need is a great place to work and Great Schools and we would all be better off. I know we all have our different opinions, but I ask you how good has this Administration been for you? They had it all for two years and squandered it all, for most of us. You do not create jobs by taxing and spending. You create jobs by helping businesses grow and hire which is not where we are today. Tax, tax and spend, spend(with money we do not have) on things that should not have the priority that was done.

Our freedoms are being taken and we just sit and argue about who is right. We must start reducing our countries expenditures to get back to a balanced budget. We now are a society of what I want, I want it today, even if I have to pay for many years. What happened to just plain CASH. No cash, no buy. I know credit is great, but manage it well within your means. You do need some credit to buy a home. No Credit, you may not be able to buy, but manage that credit well.

I guess one of these days I need to write a Blog about what I feel. I know it will cause some to not like me, but that is OK, as we should all be able to express our opinions. I spent 21 years in the Air Force and never worried about, was I liked. My job needed to be done and all I expected was RESPECT. Follow the Rules and we all get along. If you are paid for eight hours of work, give eight hours of work. Be on time, and by all means do your job right, so someone does not have to fix your mess. Your mess costs your employer and I question why you are still there!

I want to wish all my readers a MERRY CHRISTMAS and a Happy New Year. Make 2012 the best year of your life, and help anyone that you can, as so many are hurting. My small church in Vail, Grace Fellowship, takes this as their, shall we say Mission. They have partnered with many, to help others. They want to help the Vail Community and schools, so others may be able to get back on their feet.

I hope you noticed that I was not politically correct and wishing you Happy Holidays as I believe in the greatest history book out there which is the Holy Bible. What was good for our forefathers should still be good for us. Why are the few allowed to dictate to the many. There is space for each of our beliefs, so don’t try to shut down the other person.

Again Merry Christmas to all and to all a good night

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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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