Tag Archives: real estate - Page 3

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.

Share

Tucson MLS Statistics March 2011

Posted by on May 10, 2011 No comments

I can not believe so much time has gone by since I looked at the statistics below. I have been very busy showing property and trying to get Escrows to close. Let the Buyer beware!!

If you are doing a contract that is an as-is, do not expect to get much done on repairs. Make your price reflect the repairs in your initial contract and be sure you have the funds to do the necessary ones. If you are buying an REO with FNMA, DO NOT expect them to pay anything that they have not agreed to in their addendum. They will walk you down to closing and not pay for anything that is not called out in the Appraisal.

And speaking of appraisals… I just had one that we provided the appraiser a proposal to replace 30 broken and missing roof tiles, and fix roof due to water stain on front roof exterior. The appraiser did not write it up and said they do not have to do roof certs anymore. That was a $1200 repair. Let the Buyer Beware!!

We had a number of closings in March, but some of the other statistics did not hold up to improvement. BUT just wait, as that will change. I see maybe six more months of small decreases and then upward movement. Interest rates and housing prices will start up so I suggest you have purchased by December so you can lock in payments that are lower than renting. This will probably be the lowest pricing you will see for a number of years. When demand picks up the new homes will still be more expensive for about six months into 2012 and then they will get closer, but higher.

Oct.
2010		 Nov.
2010		 Dec.
2010		 Jan.
2011		 Feb.
2011		 Mar.
2011
Average Sales Price
 $177,133 $180,736 $186,399 $166,998 $182,388 $163,590
Median Sales Price
 $140,000 $139,900 $139,500 $134,250 $137,000 $125,000
Total Units Sold*
 752 800 907 780 879 1169
Active Listings
 7412 7455 6859 7147 6947 6703
Days On Market
 97 96 106 108 107 84
Listings Under Contract**
 1899 1900 1760 2013 2272 2152

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 you have the ability to get going on your home purchase, call me soon so you can get into your own Home before rates change and they will.

Share

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.

Share