Tag Archives: January

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 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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