Tag Archives: real estate

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 October 2011

Posted by on November 30, 2011 No comments

I think October was good month with all the statistics looking better. I still believe we will hit bottom before the end of the year. Prices and Interest rates are at all time lows and we are seeing more calls to look at properties. Total units Sold did come down but Listings under Contract went up a small amount.

May
2011		 Jun.
2011		 Jul.
2011		 Aug.
2011		 Sep.
2011		 Oct.
2011
Average Sales Price
 $168,453 $167,172 $173,141 $154,944 $150,699 $151,812
Median Sales Price
 $127,000 $126,000 $125,000 $122,200 $117,500 $120,000
Total Units Sold*
 1247 1312 1124 1106 1064 982
Active Listings
 5795 5566 5412 5167 5155 5290
Days On Market
 80 79 76 73 80 74
Listings Under Contract**
 2239 2163 2009 2121 2059 2070
Sales Over $500,000
 45 51 52 24 19 21

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 some Bond programs out there for 2.99% that you should look into. Family Housing Resources offers some down payment assistance if you qualify. Did you know you can buy almost any home in the Vail zip code of 85641 with no money down. Closing costs are still required. Call me if you what to talk about this USDA program.
Thanksgiving is just around the corner so I want to wish all my readers a happy Turkey day.
Call me at 240-7130 if you need help.
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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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