Brenda's Tucson Housing Market Report
December 2015

Welcome Home Snow Birds

Our Annual Snow Bird Migration is in Full Swing - Market is Hopping!

Average Days On Market = 58 ~ Sales Price as a % of List Price = 97.67%

Market Activity: the market seemed a tiny bit soft in November this year. Don't know why, just acted like it wanted to take a little breather. However, December is starting off Gang Busters and we're slammed with new listings coming in and of course the influx of early snow birds looking for that beginning of the season deal.

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 December 2015 Report show:

Total Tucson Homes Sold: 909, Increased 12.08% from November of 2014. Decreased 23.48% from last month.

Total Tucson Homes Under Contract: 1,824, Increased 24.51% from November of 2014. Decreased 0.44% from last month.

Tucson Median Sale Price: $169,000, Up 2.42% from November of 2014.
Oro Valley Median Sales Price: $282,500, Up 20% from November of 2014.
Catalina Foothills Median Sales Price: $349,500, Down 5% from November of 2014.

Total Tucson Active Listings: 5,096, Down 12.44% from 5,820 in November of 2014.
Northwest Tucson Active Listings: 1,390, Up 20 units from last month.
Catalina Foothills Active Listings: 618, Up 18 units from last month.

Total Tucson New Listings: 1,749, Down from 1,809 New Listings in November of 2014.
Northwest Tucson New Listings: 464, Down 99 units from last month.
Catalina Foothills New Listings: 193 Down 27 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 fractionally (.37%)over November 2014. Average Sales Price was up 1.26 over November 2014. Median Sales Price was up 2.42% over last year. Total Homes Under Contract was up 24.51% over last year, Average Days on market declined to 58

Negative Market Indicators this month: Total Unit Sales down 0.87% from last year. New Listings down 3.32% from last year and Active Listings down 12.44% from last year.

Market Outlook: We continue to expect this Fall/Spring to be stronger than last year. We are well ahead of our last year's production with another month of activity still to go before the end of the year.

The focus is changing slowly from economic conditions to the current election cycle. I think people are getting bored with the slow improvement in the National Economy and the drama of the election is slowly taking center stage. Interest rates are still historically low although almost all economists expect the FED to begin slowly raising rates very soon.

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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