We sold 19 homes last year and amazingly enough sold the same number last year. However there are some positive changes from last year to this year. In 2014 we had no short sales and only one foreclosure (Crested Saguaro $1,225,000). In 2013 there were 2 short sales and 2 foreclosures, and as I predicted in last year’s newsletter, there would be less distressed sales this year. The Catalina Foothills (and Sabino Mountain) has very few distressed properties showing that it is on its way to more appreciation. This year the 19 sales had prices ranging form 305K – 1.225 million; last year the range was 257K-1.374 million. It is notable that in 2013 there were 2 homes priced under 300K and then there were 4 homes prices 305K – 308.5K. This year there was only 1 home sold as low as 305K, however, there were 9 sales in the 300Ks. In 2014 we also had 9 luxury homes sell from 640K – 1.225 million. The one home that sat in a price range all by itself was an Outpost built, 2,600 square foot home that sold for 440K which was a true bargain! I predict there will be few bargains in 2015 since the market is moving more towards a Balanced Market from a Buyers’ Market which it is currently in now.
To view the 19 homes that sold this year-click on the link-
19 Sold in 2014