Brenda's Tucson Housing Market Report
November 2015

Fall in Arizona, FANTASTIC!!!

Warm Weather, Green Golf Courses, Lots to See & Do, Come on Down!

Average Days On Market = 63 ~ Sales Price as a % of List Price = 97.01%

Market Activity: As of this writing market appears to be picking back up dramatically. New listings are coming in almost daily as sellers are getting their homes ready for sale. Looks like we're going to have Lots of Exciting New Listings to show incoming buyers.

The weather's great for home shopping & Golf. Come on down and take a look, Fall is the best time to Visit Tucson! 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. Get your home Listed early in the Season for exposure to more buyers. The Snow Bird flock is arriving! 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 and the Catalina Foothills. 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 November 2015 Report show:

Total Tucson Homes Sold: 1,188, Increased 12.08% from October of 2014. Decreased 1.25% from last month.

Total Tucson Homes Under Contract: 1,832, Increased 7.89% from October of 2014. Increased 3.27% from last month.

Tucson Median Sale Price: $172,825, Up 3.80% from October of 2014.
Oro Valley Median Sales Price: $275,000, Up 15% from October of 2014.
Catalina Foothills Median Sales Price: $322,456, Down 7% from October of 2014.

Total Tucson Active Listings: 5,043, Down 10.73% from 5,649 in October of 2014.
Northwest Tucson Active Listings: 1,370, Up 100 units from last month.
Catalina Foothills Active Listings: 600, Up 23 units from last month.

Total Tucson New Listings: 2,034, Down from 2,052 New Listings in October of 2014.
Northwest Tucson New Listings: 563, Down 25 units from last month.
Catalina Foothills New Listings: 222 Up 5 units from last month.

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

Positive Market Indicators this month: Total Unit sales were up 12% year over year. Average Sales Price was up year over year. Median sales price was up 3.8% year over year. Total Sales Volume was up 12% year over year. Average Days on market is 63.

Negative Market Indicators this month: None, Market remains typically strong as we head into our annual Fall Selling Season.

Market Outlook: We continue to expect this Fall to be stronger than last year.

The National Economy continues to slowly (very slowly) improve, Almost all economic data points continue to slowly grind upward continuing to support improving real estate markets across the nation. Interest rates are still historically low.

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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