July 2, 2009 by Donna Anderson.

There are 47 high- end Tucson Foothills Luxury homes list -priced between 500K and 3.5 million that are in the prime Foothills zip codes of 85750 and 85718 that are UNDER CONTRACT. There are 11 homes under contract that are list- priced between 600-700K. I have my Placita Alhaja listing range-priced between 675K -700K also under contract, so I personally know how challenging this price-range has been. We Foothills agents are taking a sigh of relief that homes aggressively priced do, indeed, move. In the past few months there have been no Foothills homes sold in this 600-700K price range, so this represents a tremendous increase in the number of sales.

Here is how the stats fall:

500-600K        8

600-700K        11

700-800K          7

800-900K          3

900-1mil            4

1 mil -1.5 mil     9

1.5 mil-3.5 mil    5

Keep in mind, I have done my best to accurately reflect the Tucson MLS stats, but minor mistakes could have been made.

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July 2, 2009 by Donna Anderson.

In June the Long Foothills office sold 15 homes priced from 500K - 1.5 million. (Remember this represents sides–with each sale there are 2 sides–1 for the buyers’ agents’ sale and 1 for the sellers’ agent sale). These sales represent sales all over Pima County, and do not represent just the Foothills zip codes.

This is how the sales fell:

500-600K               4

600-700K              2   

700-800K             2

800-900K            1

900 - 1 mil           1

1 mil - 1.5 mil     5

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July 2, 2009 by Donna Anderson.

Here are the stats for June Tucson Foothills sales (only zips 85750, 85718): 78 sales (representing sides)– in each sale there are two sides (one representing the listing agents’ sale and the other representing the buyer agents’ sale. ) Last month there was 88 sales. It should also be noted that last month the Foothills had 28 sales over 500K; this month there were only 16 sales in this range. This is par for the course–as the Summer progresses, sales go down.  Of these 78 sales, the Long Real Estate Foothills office sold 30 of them. I have done my best to accurately compile the sales, but minor mistakes could have been made. All stats were taken from studying Tucson Multiple Listings, and do not reflect any sales that do not involve realtors. This compilation should prove to those listing homes, especially in the high-end, that they should either offer their homes at fair market prices, or take their homes off the market! I am amazed at how many high-end Foothills homes are over-priced, and  I am equally  surprised that agents continue to list them when they have little chance of selling and pull the rest of the market down.

less than 100K     3

100-200K            17

200-300K            15

300-400K            13

400-500K            14

500-600K            5

600-700K            0

700-800K            2

800-900K           5

900-1 mil             1

1 mil - 1.5 mil      3

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