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Tucson Real Estate Statistics released for July 2011

Tucson Realtor - Michael Krotchie — Thu, 18 Aug 2011 15:49:40 +0000

Below are some highlights from the July Statistics courtesy of the Tucson Association of Realtors:

Total Sales Volume dipped a little this month by 11.27%, but is up 27.93% from July 2010.
Average Sales Price increased by 3.57% from June.
The Average List Price of $181,603 is up 4.21% from June’s number of $174,262.
Total Unit Sales decreased 14.33% from June, but increased 41.92% from July 2010.
Median Sales Price decreased slightly to $125,000.
Active Listings showed a slight decrease of 2.77% from June.

Overall the market continues to improve. Total unit sales is significantly up from last year and a rise in list price signals higher competition from buyers.

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Tucson Real Estate Statistics released for Februrary 2011

Tucson Realtor - Michael Krotchie — Mon, 14 Mar 2011 13:59:32 +0000

Below are some highlights from the February Statistics courtesy of the Tucson Association of Realtors:

Total Sales Volume increased significantly from $130,258,440 in January to $160,319,228 in February, an increase of 23.08%!
Average Sales Price is up 9.22% from January.
Average List Price of $191,957 showed an 8.43% increase over January.
Total Under Contract had a 12.87% increase from January.
Total Unit Sales rose by 12.69%, from 780 in January to 879 in February, and by 18.62% compared to January 2010.
The Median Sales Price went from $134,250 in January to $137,000 in February with a total increase of 2.05%

Overall the market continues to improve. Total volume is significantly up and a rise in list price signals higher competition from buyers. Although median sales price rose only slightly it is expected to lag statistically until higher list price homes close escrow.

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Current Tucson Market Stats: Active, Sold & New Listings

Tucson Realtor - Michael Krotchie — Tue, 19 Oct 2010 19:12:39 +0000

	Active Listings	New Listings	Sold Listings	Months Inventory
Sep – 2010	9,204	2,099	950	9.69
Aug – 2010	9,025	2,110	966	9.34
Jul – 2010	8,840	2,101	873	10.13
Jun – 2010	8,601	1,976	1,285	6.69
May – 2010	8,366	1,877	1,359	6.16
Apr – 2010	8,793	2,388	1,349	6.52
Mar – 2010	9,047	2,486	1,274	7.10
Feb – 2010	8,942	2,271	831	10.76
Jan – 2010	8,590	2,609	776	11.07
Dec – 2009	8,565	1,496	974	8.79
Nov – 2009	8,544	1,713	1,120	7.63
Oct – 2009	8,497	2,221	1,126	7.55
Sep – 2009	8,452	2,016	1,028	8.22
Aug – 2009	8,422	1,982	1,055	7.98
Jul – 2009	8,592	2,004	1,285	6.69
Jun – 2009	8,804	2,065	1,249	7.05
May – 2009	9,099	1,864	1,084	8.39
Apr – 2009	9,475	1,873	982	9.65
Mar – 2009	9,604	2,229	960	10.00
Feb – 2009	9,648	1,955	727	13.27
Jan – 2009	9,553	2,542	625	15.28
Dec – 2008	9,811	1,627	839	11.69
Nov – 2008	9,867	1,732	681	14.49
Oct – 2008	9,881	2,181	878	11.25

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Tucson Real Estate Statistics released for August 2010

Tucson Realtor - Michael Krotchie — Tue, 28 Sep 2010 03:43:41 +0000

Below are some highlights from the Tucson August Statistics:

The number of homes sold are up 11.36% from last month
The median sales price is around $150,000 where it has been since May (of this year)
New listings have decreased 21.82% over July
Active listings are the highest to date this year at 7,170, an increase of 7.53% over July
Total sales volume of $164,547,474 is an increase of 8.17% over July’s sales volume
Total listings under contract increased by 39.19% over July

Click here to download the full .pdf report

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Why Does the Arizona Daily Star Use Zillow Statistics?

Tucson Realtor - Michael Krotchie — Mon, 09 Aug 2010 20:55:52 +0000

It really does drive me crazy. Why don’t they call up one of the 5,000 agents in Tucson and ask them for concrete statistics and evidence of housing activity in Tucson?

In today’s AZ Daily Star there is an article (South side hit hardest by housing value drop) that has the following graphic:

Year over Year Statistics for Tucson Housing Market

Look I like Zillow.com and the service they provide, but their “Zestimates” and housing statistics in general are never going to be as solid as talking to a local agent who can run actual comparables for you.

If you ever have a question about a home’s value or price trending in a particular area please contact a local agent.

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Tucson Market Statistics for July 2010

Tucson Realtor - Michael Krotchie — Thu, 05 Aug 2010 18:36:41 +0000

July market statistics are in and the market did not have much movement. Days on Market (DOM) is up from last month and the absorption rate also had a slight uptick to 7.74 months, a nearly 20% improvement from July of 2009.

I anticipate the next couple of months being fairly productive as the fall season approaches before slowing down again during the winter lull.

To read the complete MLS report published by our local board click here.

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Tucson Real Estate Statistics – June 2010

Tucson Realtor - Michael Krotchie — Wed, 14 Jul 2010 13:40:56 +0000

With the surge in home sales this spring due to the home buyer tax credit, we are now seeing, as expected, a slight decline in the number of homes being sold. According to the National Association of REALTORS® Chief Economist, Lawrence Yun, we will likely see a decline in home sales in July and August as well. Yun also noted 4.4 million Americans took advantage of the now expired home buyer tax credit. Two-thirds of those were first time homebuyers who received up to $8,000 towards the purchase of their home. One third were repeat buyers and were eligible to receive a $6,500 credit. One million out of the 4 million bought a home due to the credit.

Below are some highlights from the June Statistics:

Year to date, we have sold 98.08% more homes, or 3,114 more homes than in 2009
Unit sales are down about 8% from last month while Pending Contracts are up almost 19% over last month
Active listings are up 1.63% over May
New listings are up slightly over last month by 2.87% but compared to June of 2009, they have declined by 20.45%
33% of homes sold in June sold in 30 days or less

For the complete eleven page report shoot me an email and I’ll send it right over.

On a side note, the weather here in Tucson is killing me! I know it’s monsoon season but I’d much rather have the rain pouring down than the heat with the humidity hanging around. This weekend is supposed to be fairly stormy though and with showings lined up for Fri/Sat/Sun I hope my words don’t come back to bite me!

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Pima County Distressed Property Report November 15 – December 15

Tucson Realtor - Michael Krotchie — Wed, 16 Dec 2009 23:56:21 +0000

	ACTIVE	SHORT SALES	REO	% DISTRESSED	SOLD	SHORT SALES	REO	% DISTRESSED
By County
Maricopa County	34,446	12,575	4,473	49.49%	6,768	1,421	2,759	61.76%
Pima County	7,745	1,604	815	31.23%	988	149	285	43.93%
Pinal County	4,144	1,714	655	57.17%	961	195	438	65.87%

Phoenix Area
Ahwatukee-Foothills	678	265	61	48.08%	112	23	31	48.21%
Anthem	235	136	10	62.13%	58	19	15	58.62%
Apache Junction	469	128	80	44.35%	82	17	39	68.29%
Avondale	541	314	101	76.71%	198	39	111	75.76%
Buckeye	921	386	175	60.91%	236	52	123	74.15%
Chandler	1,665	755	206	57.72%	365	87	120	56.71%
Carefree-Cave Creek	596	135	37	28.86%	59	12	23	59.32%
Fountain Hills	607	107	52	26.19%	57	11	19	52.63%
Gilbert	1,810	977	181	63.98%	397	118	109	57.18%
Glendale	1,421	677	267	66.43%	417	94	183	66.43%
Goodyear	715	319	109	59.86%	201	50	79	64.18%
Mesa	3,365	1,225	481	50.70%	663	135	279	62.44%
Paradise Valley	523	54	19	13.96%	23	6	6	52.17%
Peoria	1,363	610	192	58.84%	282	68	116	65.25%
Phoenix	8,768	3,497	1,438	56.28%	1,987	374	936	65.93%
Queen Creek	1,168	682	132	69.69%	370	103	130	62.97%
Scottsdale	4,909	1,078	369	29.48%	581	112	171	48.71%
Sun City	1,492	109	75	12.33%	178	9	24	18.54%
Sun City West	577	24	17	7.11%	76	0	5	6.58%
Surprise	1,546	748	179	59.96%	352	88	126	60.80%
Tempe	926	256	129	41.58%	97	16	28	45.36%

Tucson Area
Central Tucson	954	134	110	25.58%	122	17	30	38.52%
East Tucson	483	106	58	33.95%	58	12	13	43.10%
North Tucson	763	57	27	11.01%	71	9	9	25.35%
Northeast Tucson	446	53	31	18.83%	45	6	8	31.11%
Northwest Tucson	2,023	401	170	28.23%	230	36	41	33.48%
South Tucson	528	210	115	61.55%	89	16	47	70.79%
Southeast Tucson	587	191	56	42.08%	90	14	18	35.56%
Southwest Tucson	597	178	100	46.57%	100	16	53	69.00%
West Tucson	423	81	48	30.50%	56	8	24	57.14%
Extended Northwest	139	22	21	30.94%	21	1	7	38.10%
Extended South	539	150	55	38.03%	78	13	29	53.85%
Extended Southwest	362	38	30	18.78%	40	5	11	40.00%
Extended West	74	14	11	33.78%	3	0	0	0.00%
All Tucson	6,014	1,249	669	31.89%	779	122	238	46.21%

Prescott MLS	2,446	221	262	19.75%	200	17	79	48.00%
Lake Havasu MLS	4,189	357	751	26.45%	382	28	190	57.07%
Green Valley MLS	921	43	24	7.27%	61	4	2	9.84%
White Mountains MLS	1,895	64	137	10.61%	81	4	28	39.51%

Information is taken from ARMLS, TARMLS, WARDEX, GV/SAH MLS, PAAR MLS & White Mntns MLS on 12/16/09 and includes All Residential Actives, all dwelling types. Solds are for the period 11/15/09 – 12/15/09. REOs are Foreclosures (Real Estate Owned)

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November 2009 Price Statistics: Pima County

Tucson Realtor - Michael Krotchie — Tue, 08 Dec 2009 16:28:25 +0000

November 2009 Price Statistics: Pima County
Active List Price Range	6,447 (# of Listings)	% of Market	Months supply of Inventory	DOM	1,031 (Sold # of Listings)	% of Market
$19,999 or under	0	0.00%	0.00	0	1	0.10%
$20,000 thru $29,999	8	0.12%	0.62	111	13	1.26%
$30,000 thru $39,999	30	0.47%	1.76	124	17	1.65%
$40,000 thru $49,999	70	1.09%	4.67	97	15	1.45%
$50,000 thru $59,999	88	1.36%	3.03	103	29	2.81%
$60,000 thru $69,999	105	1.63%	4.20	115	25	2.42%
$70,000 thru $79,999	159	2.47%	7.23	94	22	2.13%
$80,000 thru $89,999	191	2.96%	5.79	94	33	3.20%
$90,000 thru $99,999	174	2.70%	4.24	108	41	3.98%
$100,000 thru $119,999	341	5.29%	4.32	99	79	7.66%
$120,000 thru $139,999	487	7.55%	4.68	98	104	10.09%
$140,000 thru $159,999	526	8.16%	4.46	105	118	11.45%
$160,000 thru $179,999	458	7.10%	4.05	106	113	10.96%
$180,000 thru $199,999	419	6.50%	5.59	119	75	7.27%
$200,000 thru $249,999	821	12.73%	5.91	113	139	13.48%
$250,000 thru $299,999	595	9.23%	7.53	116	79	7.66%
$300,000 thru $349,999	356	5.52%	8.09	132	44	4.27%
$350,000 thru $399,999	285	4.42%	10.18	132	28	2.72%
$400,000 thru $449,999	167	2.59%	9.82	131	17	1.65%
$450,000 thru $499,999	198	3.07%	18.00	138	11	1.07%
$500,000 thru $549,999	126	1.95%	15.75	137	8	0.78%
$550,000 thru $599,999	142	2.20%	35.50	167	4	0.39%
$600,000 thru $649,999	76	1.18%	10.86	133	7	0.68%
$650,000 thru $699,999	85	1.32%	42.50	148	2	0.19%
$700,000 thru $749,999	59	0.92%	29.50	125	2	0.19%
$750,000 thru $799,999	65	1.01%	65.00	175	1	0.10%
$800,000 thru $849,999	36	0.56%	N/A	165	0	0.00%
$850,000 thru $899,999	50	0.78%	N/A	181	0	0.00%
$900,000 thru $949,999	17	0.26%	17.00	108	1	0.10%
$950,000 thru $999,999	37	0.57%	N/A	183	0	0.00%
$1,000,000 thru $1,249,999	60	0.93%	60.00	157	1	0.10%
$1,250,000 thru $1,499,999	77	1.19%	77.00	144	1	0.10%
$1,500,000 thru $1,749,999	33	0.51%	33.00	171	1	0.10%
$1,750,000 thru $1,999,999	29	0.45%	N/A	191	0	0.00%
$2,000,000 thru $2,249,999	11	0.17%	N/A	140	0	0.00%
$2,250,000 thru $2,499,999	20	0.31%	N/A	186	0	0.00%
$2,500,000 thru $2,749,999	9	0.14%	N/A	118	0	0.00%
$2,750,000 thru $2,999,999	12	0.19%	N/A	244	0	0.00%
$3,000,000 thru $3,249,999	1	0.02%	N/A	86	0	0.00%
$3,250,000 thru $3,499,999	7	0.11%	N/A	127	0	0.00%
$3,500,000 thru $3,749,999	1	0.02%	N/A	404	0	0.00%
$3,750,000 thru $3,999,999	7	0.11%	N/A	196	0	0.00%
$4,000,000 thru $4,249,999	0	0.00%	N/A	0	0	0.00%
$4,250,000 thru $4,499,999	0	0.00%	N/A	0	0	0.00%
$4,500,000 thru $4,749,999	2	0.03%	N/A	157	0	0.00%
$4,750,000 thru $4,999,999	1	0.02%	N/A	357	0	0.00%
$5,000,000 thru $5,999,999	4	0.06%	N/A	54	0	0.00%
$6,000,000 thru $6,999,999	1	0.02%	N/A	281	0	0.00%
$8,000,000 thru $8,999,999	1	0.02%	N/A	123	0	0.00%

Actives: The average price for the 6,447 properties is $331,419.
The average Market Time is 119 days
Solds: The average price for the 1,031 properties is $188,582.
The average Market time was 73 days

Property Type Residential Areas Extended Southwest, Central, Northeast, Extended Northwest, Extended West, Pima Northwest, Pima Far West, South, Extended Northeast, Southwest, West, Extended South, North, Northwest, Pima Southwest, Pima East, East, Southeast, Pima South Statuses Active, Active Capa, Active Contingent. Statistic from TARLS. Listings as of 11/7/2009. Information deemed reliable but not guaranteed.

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Pima Price Statistics for October 2009

Tucson Realtor - Michael Krotchie — Sat, 07 Nov 2009 13:55:57 +0000

Pretty typical results, the majority of market activity is occurring between $100k and $250k. Compared to a year ago the floor is a bit lower, mostly due to the rash of short sales and foreclosures.

Active List Price Range	6,233 # of Listings	% of Market	Months supply of Inventory	DOM	1035 Sold # of Listings	% of Market
$19,999 or under	0	0.00%	0.00	0	2	0.19%
$20,000 thru $29,999	10	0.16%	0.91	100	11	1.06%
$30,000 thru $39,999	25	0.40%	1.39	121	18	1.74%
$40,000 thru $49,999	62	0.99%	3.10	100	20	1.93%
$50,000 thru $59,999	85	1.36%	4.05	104	21	2.03%
$60,000 thru $69,999	93	1.49%	4.04	115	23	2.22%
$70,000 thru $79,999	120	1.93%	3.43	104	35	3.38%
$80,000 thru $89,999	149	2.39%	4.38	94	34	3.29%
$90,000 thru $99,999	183	2.94%	3.89	106	47	4.54%
$100,000 thru $119,999	308	4.94%	3.38	101	91	8.79%
$120,000 thru $139,999	438	7.03%	3.56	98	123	11.88%
$140,000 thru $159,999	459	7.36%	4.50	107	102	9.86%
$160,000 thru $179,999	482	7.73%	4.73	108	102	9.86%
$180,000 thru $199,999	410	6.58%	6.61	111	62	5.99%
$200,000 thru $249,999	803	12.88%	6.32	107	127	12.27%
$250,000 thru $299,999	585	9.39%	9.44	110	62	5.99%
$300,000 thru $349,999	351	5.63%	7.98	132	44	4.25%
$350,000 thru $399,999	303	4.86%	8.42	134	36	3.48%
$400,000 thru $449,999	169	2.71%	9.94	135	17	1.64%
$450,000 thru $499,999	195	3.13%	21.67	133	9	0.87%
$500,000 thru $549,999	118	1.89%	9.08	122	13	1.26%
$550,000 thru $599,999	149	2.39%	12.42	160	12	1.16%
$600,000 thru $649,999	76	1.22%	25.33	121	3	0.29%
$650,000 thru $699,999	96	1.54%	16.00	124	6	0.58%
$700,000 thru $749,999	56	0.90%	14.00	120	4	0.39%
$750,000 thru $799,999	72	1.16%	24.00	163	3	0.29%
$800,000 thru $849,999	43	0.69%	43.00	155	1	0.10%
$850,000 thru $899,999	48	0.77%	48.00	173	1	0.10%
$900,000 thru $949,999	18	0.29%	9.00	110	2	0.19%
$950,000 thru $999,999	37	0.59%	37.00	165	1	0.10%
$1,000,000 thru $1,249,999	65	1.04%	32.50	162	2	0.19%
$1,250,000 thru $1,499,999	75	1.20%	N/A	117	0	0.00%
$1,500,000 thru $1,749,999	39	0.63%	N/A	184	0	0.00%
$1,750,000 thru $1,999,999	31	0.50%	N/A	189	0	0.00%
$2,000,000 thru $2,249,999	8	0.13%	8.00	69	1	0.10%
$2,250,000 thru $2,499,999	24	0.39%	N/A	184	0	0.00%
$2,500,000 thru $2,749,999	9	0.14%	N/A	90	0	0.00%
$2,750,000 thru $2,999,999	13	0.21%	N/A	220	0	0.00%
$3,000,000 thru $3,249,999	1	0.02%	N/A	53	0	0.00%
$3,250,000 thru $3,499,999	6	0.10%	N/A	111	0	0.00%
$3,500,000 thru $3,749,999	3	0.05%	N/A	242	0	0.00%
$3,750,000 thru $3,999,999	6	0.10%	N/A	173	0	0.00%
$4,000,000 thru $4,249,999	0	0.00%	N/A	0	0	0.00%
$4,250,000 thru $4,499,999	0	0.00%	N/A	0	0	0.00%
$4,500,000 thru $4,749,999	3	0.05%	N/A	205	0	0.00%
$4,750,000 thru $4,999,999	2	0.03%	N/A	282	0	0.00%
$5,000,000 thru $5,999,999	3	0.05%	N/A	155	0	0.00%
$6,000,000 thru $6,999,999	1	0.02%	N/A	248	0	0.00%
$8,000,000 thru $8,999,999	1	0.02%	N/A	90	0	0.00%

Actives: The average price for the 6,233 properties is $345,104
The average Market Time is 117 days

Solds: The average price for the 1035 properties is $195,326
The average Market time was 71 days

Property Type Residential Areas Extended Southwest, Central, Northeast, Extended Northwest, Extended West, Pima Northwest, Pima Far West, South, Extended Northeast, Southwest, West, Extended South, North, Northwest, Pima Southwest, Pima East, East, Southeast, Pima South Statuses Active, Active Capa, Active Contingent. Statistic from TARLS. Listings as of 11/4/2009. Information deemed reliable but not guaranteed.

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