Brenda's Tucson Housing Market Report
April 2016

April Continuing Strong Spring Season in 2016

April Warming up nicely, Golf Courses Full, Snowbird Season Winding Down

Average Days On Market = 57 ~ Sales Price as a % of List Price = 97.22%

Market Activity: March was another blockbuster month for us and April is looking good too.

The weather's perfect in the 70' & 80's. It's still cold in the northern tier of the country so come on down and enjoy some sunshine & golf. Swim Season is just around the corner:-). If you want a quick real estate tour, Contact us, we'd love to show you around!

If you've been thinking about selling your home, Now is the Time. We're in the height of our spring season. If you want to catch this spring season, you need to get listed right away. Remember, it usually takes a little time to get going on a new listing. You need to get your home ready for showing, the advertising needs to be created, and all the paper work needs to be completed. The Snow Birds are here and They're Buying Now so don't delay, they'll be leaving soon heading back home. If you're looking for a top producing agent, Please Contact us, we'd love to help you sell your home!

In The News: Interested in some fun things to do in Oro Valley / Tucson? Here's the current Calendar of Events

If you're looking for a No Hassle-No Pressure realtor to show you around we'd love to help. We specialize in Oro Valley Homes and Catalina Foothills Homes. We're experts on golf properties, retirement communities, vacation homes and investment properties. We sell about a hundred homes a year so we know what we're doing. We love meeting people and helping them find their Dream Home.

Feel free to contact us with your questions. We're easy to talk to and we can answer any questions you might have about current market conditions, interest rates or where home prices are headed. If you're interested in talking about listing your home we'd be happy to provide our recommendations on how best to proceed.

Key prior month statistics from the Tucson Association of Realtor’s April 2016 Report show:

Total Tucson Homes Sold: 1,480, Increased 16.08% from March of 2015. Increased 40.28% from last month.

Total Tucson Homes Under Contract: 2,549, Increased 11.12% from March of 2015. Increased 9.33% from last month.

Tucson Median Sale Price: $177,050, Up 2.94% from March of 2015.
Oro Valley Median Sales Price: $265,000, Up 4% from March of 2015.
Catalina Foothills Median Sales Price: $317,500, Up 2% from March of 2015.

Total Tucson Active Listings: 4,802, Down 16.06% from 5,721 in March of 2015.
Northwest Tucson Active Listings: 1,330, Down 43 units from last month.
Catalina Foothills Active Listings: 692, Down 62 units from last month.

Total Tucson New Listings: 2,208 Down from 2,387 New Listings in March of 2015.
Northwest Tucson New Listings: 600, Up 38 units from last month.
Catalina Foothills New Listings: 255 Down 55 units from last month.

Some quick conclusions we can draw from these Tucson home sales statistics are:

Positive Market Indicators this month: Total Sales Volume was up Month over Month & Year over Year, Average Sales Price was Up Month over Month and Year over Year, Median Sales Price was up Year over Year. Total Homes Under Contract was up Month over Month and Year over Year, Average Days on market sits at 57 (68 Days in March 2015).

Negative Market Indicators this month: NONE: All market indicators are flashing Green!

Market Outlook: Our Spring market is still looking extremely strong!

The Election cycle is going full blast heading for the conventions this summer and is taking attention away from the financials of the country at this time. The Stock Market got off to a Rough Start in the first quarter but has bounced back. Economic indicators continue to slowly improve however many people remain skeptical of the economy as historically we appear to be overdue for a recession. Concerns about how much longer this bull market can last are becoming more prevalent.

The Tucson Market Reports below will give you a detailed look inside the current Tucson Housing Market.

Questions about current Tucson Housing Market Conditions?
Email Brenda or call her Today at 520-918-5968
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