Tucson Residential Real Estate Twenty Days in July 2008
July 20, 2008
Post Tags: British-Open , Chris-Evert , Greg-Norman , monsoon_season , residential_real_estate , tucson_real_estate
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We are twenty days into July 2008. We had a long holiday weekend and July historically is one of the slowest for Tucson real estate. I call it our:
Opposite of Winter
It is hot, triple digits and with the Monsoon Season it is also muggy. These are the six to eight weeks when we enjoy the winds, the thunderstorms, and street flooding reports : ) It is the time of year when for some reasons buyers don’t like getting in and out of their car when it is 107 degrees out side and many of the homes (usually vacant) are 130 degrees inside with no air moving.
Go figure for some reason buyers would rather be by the pool or in the movie theatre than out looking at houses. They figure “It will still be there to look at when it cools down” Sometimes it is, sometimes it isn’t (more than likely it is) : )
With all of this in mind here is another snapshot of the residential real estate market in a table breakdown format so you can see where we are. Don’t worry about the total number of closed transactions. Most are usually set to close in the last few days of the month. As far as our 1000 sales per month goal. I’m not sure July 2008 is going to get there. Close, but only time will tell at this point.
|
Type
|
Close Tran
|
Avg List Price |
Avg Sale Price | Avg Price Sq.Ft. |
|---|---|---|---|---|
| SFR |
355
|
$302,363
|
$287,735
|
$136
|
| TH |
44
|
$199,723
|
$189,474
|
$138
|
| CD |
20
|
$132,877
|
$126,196
|
$141
|
| MH |
1
|
$59,900
|
$57,000
|
$79
|
| MFR |
15
|
$108,495
|
$104,153
|
$72
|
| ALL |
433
|
$277,452
|
$263,963
|
$134
|
Finally, there are currently 1053 June Closed Transactions which break down as
- Average Asking Price $269,691
- Average Sale Price $256,497
- Average Price Per Sq.Ft. $135
July is shaping up to be Hot, Windy, Loud (thunder) and typical.
For those of you that can’t get enough statistics here is the breakdown for the first six months of sales in Tucson real estate
|
Month
|
Close Tran
|
Avg Sale Price |
Active List |
|---|---|---|---|
| Jan |
594
|
$266,450
|
9168
|
| Feb |
710
|
$262,155
|
9168
|
| Mar |
900
|
$259,120
|
9022
|
| Apr |
1008
|
$253,729
|
8808
|
| May |
748
|
$250,953
|
8708
|
June |
1053
|
$256,497
|
8140
|
Greg Norman is a class act we are sorry to hear he couldn’t pull of the win at The British Open. Third isn’t bad : ) We hope he enjoys the rest of his honeymoon with Chris Evert.
