Tucson az real estate january 2015

The Housing Report

Tucson Metro | January 2015

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Properties Under ContractClosed Transactions Properties Under ContractClosed Transactions

Months of Inventory Active Listings

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CLOSED SALES AND NEW PROPERTIES UNDER CONTRACT – TUCSON METRO

ACTIVE LISTINGS AND MONTHS OF INVENTORY – TUCSON METRO

Properties under contract and Home Sales data is based on information obtained from the TARMLS using Brokermetrics software. All data obtained 01/06/2015 is believed to be reliable, but not guaranteed.

In the Tucson Main Market area, December 2014 active inventory was 5,611, a 9% increase from December 2013. Therewere 1,078 closings in December 2014, a 3% increase from December 2013. Year-to-date 2014 there were 13,075closings, a 7% decrease from year-to-date 2013. Months of Inventory was 5.2, up from 4.9 in December 2013. Medianprice of sold homes was $165,000 for the month of December 2014, up 5% from December 2013. The Tucson MainMarket area had 965 new properties under contract in December 2014, down 5% from December 2013.

Kathy Vallee - Vallee Gold Team | (520) [email protected] | KathyVallee.LongRealty.com

The Housing Report


DISTRESSED VS. NON-DISTRESSED SALES – TUCSON METROThe percentage of property sales that are distressed, meaning bank owned or short sales, for the current year as compared to the same time period last year. A lower percentage of distressed sales can lead to improving market conditions.

Distressed sales and market performance data is based on information obtained from the TARMLS on 01/06/2015. Information is believed to be reliable, but not guaranteed.

30 YEAR FIXED MORTGAGE RATEWhile mortgage rates have increased slightly recently, they are still well below 2009 levels.

MONTHLY PAYMENT ON A MEDIAN PRICED HOME – TUCSON METRO

Year Median Price Int. Rate MO. Payment 2006 $217,500 6.140% $1,257.48 2013 $157,900 4.500% $760.05 2014 $165,000 3.875% $737.10

Source: Residential median sales prices. Data obtained 01/06/2015 from TARMLS using Brokermetrics software. Monthly payments based on a 5% down payment on a median priced home. All data obtained is believed to be reliable, but not guaranteed.

Source: Bankrate.com

12/2009 06/2011 12/2012 06/2014

6.00

5.33

4.67

4.00

3.33

2.67

2.00

30%

70%

MEDIAN SOLD PRICE AND MEDIAN LISTED PRICE – TUCSON

19%

81%

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50,000

100,000

150,000

200,000

250,000Median List PriceMedian Sale Price


The Housing Report


Statistics based on information obtained from TARMLS and using Brokermetrics software on 01/06/2015. 3 month trend in months of inventory is the average of closed sales and active listing data from 10/01/2014 - 12/31/2014. Information is believed to be reliable, but not guaranteed.

$1 - 49,999

$50,000 - 74,999

$75,000 - 99,999

$100,000 - 124,999

$125,000 - 149,999

$150,000 - 174,999

$175,000 - 199,999

$200,000 - 224,999

$225,000 - 249,999

$250,000 - 274,999

$275,000 - 299,999

$300,000 - 349,999

$350,000 - 399,999

$400,000 - 499,999

$500,000 - 599,999

$600,000 - 699,999

$700,000 - 799,999

$800,000 - 899,999

$900,000 - 999,999

$1,000,000 - and over

TOTAL

154 43 45 37 50 29 55 2.8 3.5 Seller

210 63 63 63 53 41 60 3.5 4.3 Slightly Seller

258 74 89 80 82 66 79 3.3 3.6 Seller

350 116 128 112 105 114 111 3.2 3.1 Seller

495 173 174 155 162 133 155 3.2 3.4 Seller

561 168 167 131 143 127 110 5.1 4.4 Slightly Seller

555 124 110 123 95 100 96 5.8 5.8 Balanced

329 89 80 69 76 65 61 5.4 5.0 Slightly Seller

399 88 72 71 60 47 56 7.1 7.9 Slightly Buyer

289 53 44 42 66 38 68 4.3 5.3 Balanced

289 59 42 37 42 38 47 6.1 7.3 Slightly Buyer

364 58 62 46 56 38 61 6.0 7.2 Slightly Buyer

262 29 38 43 39 27 34 7.7 8.1 Slightly Buyer

295 36 35 26 37 32 35 8.4 9.0 Buyer

220 26 18 15 9 14 20 11.0 15.3 Buyer

121 10 6 10 16 7 10 12.1 11.7 Buyer

92 3 8 6 7 6 5 18.4 15.3 Buyer

67 2 3 7 4 4 2 33.5 20.9 Buyer

38 3 1 0 5 1 1 38.0 17.1 Buyer

173 6 10 6 6 8 6 28.8 26.3 Buyer

5,521 1,223 1,195 1,079 1,113 935 1,072 5.2 5.5 Balanced

MARKET CONDITIONS BY PRICE BAND – TUCSON METRO

ActiveListings

Last 6 MonthsClosed Sales

Ju1-14 Aug-14 Sep-14 Oct-14 Nov-14 Dec-14

Seller’s Market Slight Seller’s Market Balanced Market Slight Buyer’s Market Buyer’s Market

CurrentMonths of Inventory

Last 3 Month Trend Months of Inventory

Market Conditions


The Housing Report


The Tucson Metro Housing Report is comprised of data for residential properties in TARMLS for the Tucson Metro area. Real Estate remains very localized and market conditions can vary greatly by not only geographic area but also by price range. Please feel free to contact me for a more in-depth analysis.

MARKET SHARE – TUCSON METROLong Realty leads the market in successful real estate sales.

Data Obtained 01/06/2015 from TARMLS using BrokerMetrics software for all closed residential sales volume between 01/01/2014 – 12/31/2014 rounded to the nearest tenth of one percent and deemed to be correct.

857398575585658

8574285653

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85750 85749

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85614 85622 85629 85641

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This heat map represents the percentage of change in Tucson metro median sales prices from October-December 2013 to October-December 2014 by zip code.

Percentage of Change

CHANGE IN MEDIAN SALES PRICE BY ZIP CODE

OCT-DEC 2013 TO OCT-DEC 2014

These statistics are based on information obtained from the TARMLS and GVARMLS on 01/06/2015. Information is believed to be reliable, but not guaranteed.

13.0%

8.8%

7.0%

6.2%

2.6%

Long Realty Company

Tierra Antigua Realty

Keller Williams Southern Arizona

Coldwell Banker Residential Brokerage

Homesmart Advantage Group

32.4%

Realty Executives Tucson Elite


Tucson az real estate january 2015

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