Last year between January 1st – September 8th we have 11 home sales in Sabino Mountain; this year we only have had 7 home sales within the same time period.
Last year we had 7 homes sold that were priced from almost 300K – 390K and then one sale at 460K and one sale at 788K and two sales over a million–at $1,155,000 and $1,200,000. This year the home sales flow like this- 4 were priced from 318K – $363,500; two were priced at 845K and $846,600 and then only one home priced over a million at $1,070,000.
The luxury homes sales market in Sabino Mountain, with homes priced 750K or over, as I have witnessed all over the Catalina Foothills, has not recovered. Prices remain low and it usually takes at least 6 months on the market to sell luxury homes. Statistics reveal that homes priced below 750K have seen more sales in the Catalina Foothills versus last year, although the appreciation has been limited.
To make sure your home sells as quick as possible at the highest price make sure you list your home with a knowledgeable agent. Professional photography is a must; it is sad to see homes that look much better when viewed in person than on the many real estate websites that folks typically explore before they are enticed to look at your home for potential purchase.
If you are thinking of selling, I am a phone call away at 520-615-2598 or email me at Donna@DonnaAnderson.com.