The Dan Adler Team
Keller Williams Southern Az
2506 E. Vistoso Commerce Loop #100
Oro Valley, Az 85755
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There are obviously a bunch of great answers already posted and I would like to add to the mix. Alta Vista is one of the premier North Tucson neighborhoods I specialize in which is part of 85750 and District 16, which is one of the premier school district in the area.
In Alta Vista alone, there are currently 8 actives, 3 contingent and 4 homes that have closed in the last six months averaging less than two months on market. Also, the average sales price is just under 800k.
For the entire zip code, 85750, average days on market increases to 72 which is fairly typical for this area. Please let me know if I can be of further assistance!
HOT SHEET: Today (the 21st of March) Look at your hot sheet. 50 New Listings and 28 Closed sales. No matter how you slice it- it still means 22 more listings we added to the inventory.
MLS STATS: Here are the MLS stats for January 2013 as taken and copied from TARMLS:
Januaryâ€™s Average Sales Price of $182,378 is a 0.35% decrease from Decemberâ€™s number $183,011.
ï‚· The Median Sales Price in January of $145,000 fell slightly from $147,500 in December, but has increased 16% since last January.
ï‚· Average List Price decreased .12% in January and is up 15.17% from January 2012.
ï‚· Total Sales Volume dipped slightly in January, resulting in a 6.48% decrease since December.
ï‚· Total Under Contract rose significantly in January to 2,415 from 2,022 in December, which brought about a 19.44% increase.
ï‚· Total Unit Sales of 884 decreased by 6.16% from last month.
ï‚· Total Active Listings of 4,459 increased by .22% over December.
ï‚· New Listings increased 39.5% to 1,893, from Decemberâ€™s number of 1,357.
ï‚· Average Days on Market increased to 57 in January, an increase of 2 days since last month.
ï‚· Percentage of cash sales was 36.7% in January compared to 33.1% in December.
Unless I'm reading this incorrectly, DOM is up, List price is down, Sales Volume is down, Sales price is down. You can study these numbers all you want but if the daily hot sheet shows more new listings than closings we are ADDING inventory.
I am starting to see if the property is priced right or market value then 60 - 90 days is pretty common. If you have any questions please feel free to ask me or just follow me at http://www.azrealestate-tucson.com
I look forward to assisting however I can.
This information is not intended to be an indication of loan qualification, loan approval or commitment to lend. Other limitations may apply.
Minette Goldsmith-Fairway Independent Mortgage Corp. 5401 N. Oracle Road Tucson AZ 85704
L.O. NMLS# 261487 AZ L.O. License #0912618, FIMC # 2289, AZ BK #0904162 Equal Housing Lender
The area that encompasses the 85750 zip code is a wonderful area of Tucson to live in. I happen to live in this area so I am very partial to this part of Tucson. I broke down the Alta Vista neighborhood three ways to give you the average days on the market over the last six months. For all homes in this neighborhood, the average days on the market was 63 days. For homes that were priced from $187K to $725K the average was 14 days on the market. Two homes sold over $800K in the last six months and their selling time was longer at 210 days on the market. I hope that answers your question sufficiently. Please let me know if there is any additional information that I can provide for you.
Keller Williams Southern Arizona