06/12/09

03:01:57 pm 1st Half 2009 Sales Distribution 

06/10/09

01:11:58 pm Market Report for May, 2009 (including YTD & Year over Year) 

May MLS Statistics

At the end of May, 2009 there were 806 active residential listings. The average Days-On-Market (DOM) for active listings was 174. During May there were a total of 121 new residential listings in the Green Valley MLS. Residential areas with the highest number of active listings include: Tubac (53), Rio Rico (46), Quail Creek CC (45), Country Club Estates (19), Country Club Vistas (19), and Las Campanas (19).

In May, 2009, 65 properties sold. Another 98 sales are pending. The average list price was $270,106. The average sold price was $182,938. Notice that the sold average is only 2/3 (67%) of the average listing average. Forty one of the sold properties were sold by cooperating realty companies. Twenty four properties were sold in-house by the listing company. The non-cooperating sales were on the market for about half the time of cooperating sales. Thirty four sales were financed with conventional loans, twenty three were cash sales, three were FHA, four were VA and one was other. Country Club Vistas (6), Rio Rico (5), Tubac (4) were the highest selling residential areas.

YTD Statistics
Year to Date (YTD) there have been 354 sold listings. The average sales price was $187,880.

05/03/09

04:28:01 pm Market Report for April, 2009  

April MLS Statistics

At the end of April, 2009 there were 878 active residential listings. The average Days-On-Market (DOM) for active listings was 160. During April there were a total of 158 new residential listings in the Green Valley MLS and 67 properties sold. The average list price was $373,541. The average sold price was $193,591. Notice that the sold average represents just 51% of the new listing average. However, the sales price was 92.5% of the asking price at the time of sale.

The data suggest that properties priced under $250,000 are out selling those over $250,000 by a wide margin. A telling statistic is that the number of expired listings under $200,000 represented 37% as many as the new listings. For list prices over $300,000, the ratio was over 75%.

YTD Statistics

Year to Date (YTD) there have been 679 listings and 279 properties have sold. The average new list price was $204,392 and the average sales price was $188,331 (92% of the average new listing price). The average list price of the unsold properties is $309,686. As you can see, the unsold average is 64% higher than the sold average.

Year Over Year Comparisons

Surprisingly, 2009 year-to-date sales quantities are up 4% over the same period in 2008, but the dollar total is down 3%. The average sales price is down 7%. Active listings are up 51%.

04/10/09

11:54:52 am Market Report for Period Ending March 31, 2009 

1st Quarter Totals & Trends

The Green Valley MLS reported the first quarter of 2009 saw 208 residential properties sell at an average sales price of $186,033. For the same period a year ago, there were 243 sales at an average sales price of $215,896. Both the number sold and the average sales price decreased 14% from the prior year. The total sales volume decreased 26% year over year.

North of Duval Mine Road the average sales price decreased 9%. Green Valley Northwest saw an 18% decrease. Green Valley Northeast dropped 11%. Green Valley Southwest fell 19% and Green Valley Southeast experienced an 11% decline. South of Canoa Ranch the average sales price dropped a whopping 41% on eight sales versus 14 in 2008.

March Only Totals

At the end of March, 2009 there were 952 active listings. The average list price was$282,444. Average time on the market was 166 days. During March, 165 new residential listings were taken and 95 properties sold. The average sales price was $209,042, which was 92.13% of the asking price.

11:52:27 am February 2009 Market Analysis 

In February, 2009, 152 residential listings were added to the Green Valley MLS database. The average listing price was $255,698. Fourteen properties were placed under contract at an average sales price of $170,621. Two residential listings sold in February at an average sales price of $224,580.

Current Market Analysis
There are currently 934 active residential listings in the Green Valley MLS. Three Hundred Fifty One listings became active in 2009, the balance were active at the beginning of the year. The average listing price is $283,901. The average time on the market is 168 days. At the beginning of March, there were 121 residential properties under contract at an average price of $207,012. The average Days-On-Market was 118.

Year-To-Date Market Analysis
One Hundred and Eleven properties have sold thus far in 2009 at an average price of $180,516 after an average time on the market of 167 days. Those figures compare to 243 sales in the same time period in 2008 at an average price of $215,896. The year over year price decline was 14%.

02/18/09

01:55:56 pm January 2009 Market Analysis 

Active Listings

The first month of 2009 ended with 959 active listings at an average list price of $285,530. 631 were single bedroom; 252 had two bedrooms; 73 had three bedrooms, and three had more than three bedrooms.

Sold Listings

42 properties sold during January 2009, at an average sales price of $198,159. The sales price was 91.6% of the asking price. That compares with an average asking price of $239,824 for those properties that did not sell.

Year over Year Comparisons

Compared with the same period in 2008, January of 2009 had 19 fewer sales and the average sales price decreased by 10%. New active listings decreased by a whopping 71% in January over the preceding year.

01:18:27 pm December 2008 Market Analysis 

29 listings sold in December at an average price of $220,569, which was a discount of 6% from the average list price. The average time on the market was 136 days. Sales were highest in Las Campanas with 3: Canoa Estates, Continental Vistas, Desert Hills 2, Los Arroyos, Quail Creek and The Springs all had two.

Fourteen sales were financed with conventional loans, twelve were cash deals, and three were financed by other means. The distribution of price ranges is shown below for both December sales and active listings. An absence of sales in the higher price bracket is noteworthy.

There were 938 active listings at the beginning of 2009. The average list price was $291,946. On average the active listings have been on the market for 169 days. That compares with an average of 136 days for those sold in December. The higher price range listings are driving that difference. Tubac with 60 active listings, Rio Rico with 49, Country Club Vistas with 28 and Country Club Estates with 21 are inventory leaders.

01/13/09

09:42:24 am 2008 Market Summary 1 

09:40:59 am 2008 Market Summary 2 

09:37:24 am 2008 Market Summary 3