The Housing Report

Tucson Metro | October 2014

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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 10/03/2014 is believed to be reliable, but not guaranteed.

In the Tucson Main Market area, September 2014 active inventory was 5,466, a 22% increase from September 2013.There were 1,026 closings in September 2014, a 7% decrease from September 2013. Months of Inventory was 5.3, upfrom 4.0 in September 2013. Median price of sold homes was $166,012 for the month of September 2014, up 7% fromSeptember 2013. The Tucson Main Market area had 1,269 new properties under contract in September 2014, up 3% fromSeptember 2013.

Kathy Vallee - Vallee Gold Team | (520) 730-7493Kathy@kathyvallee.com | KathyVallee.LongRealty.com

The Housing Report

Tucson Metro | October 2014

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 10/03/2014. 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 $155,150 4.500% $746.82 2014 $166,012 4.250% $775.85

Source: Residential median sales prices. Data obtained 10/03/2014 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

10/2009 04/2011 10/2012 03/2014

6.00

5.33

4.67

4.00

3.33

2.67

2.00

30%

70%

MEDIAN SOLD PRICE AND MEDIAN LISTED PRICE – TUCSON

20%

80%

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Kathy Vallee - Vallee Gold Team | (520) 730-7493Kathy@kathyvallee.com | KathyVallee.LongRealty.com

The Housing Report

Tucson Metro | October 2014

Statistics based on information obtained from TARMLS and using Brokermetrics software on 10/03/2014. 3 month trend in months of inventory is the average of closed sales and active listing data from 07/01/2014 - 09/30/2014. 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

152 59 53 45 42 42 34 4.5 3.7 Seller

207 74 55 74 63 63 60 3.5 3.3 Seller

278 91 104 89 73 88 74 3.8 3.6 Seller

317 169 145 140 115 123 107 3.0 2.8 Seller

470 187 164 192 173 171 148 3.2 2.9 Seller

509 176 164 163 166 165 127 4.0 3.4 Seller

545 126 114 119 124 110 117 4.7 4.5 Slightly Seller

343 102 91 95 89 80 64 5.4 4.2 Slightly Seller

411 95 86 84 88 72 66 6.2 4.9 Slightly Seller

265 54 59 62 53 43 39 6.8 5.5 Balanced

313 49 46 53 59 39 37 8.5 6.7 Slightly Buyer

349 52 57 65 57 61 42 8.3 6.5 Slightly Buyer

272 28 35 54 30 38 40 6.8 7.6 Slightly Buyer

289 43 44 55 36 35 25 11.6 9.2 Buyer

201 18 21 22 26 18 15 13.4 9.3 Buyer

123 14 10 11 10 6 10 12.3 12.6 Buyer

73 8 6 5 3 8 6 12.2 12.5 Buyer

66 3 4 8 2 3 7 9.4 15.3 Buyer

40 4 3 3 3 1 0 n/a 27.8 Buyer

158 3 8 9 6 10 4 39.5 23.9 Buyer

5,381 1,355 1,269 1,348 1,218 1,176 1,022 5.3 4.6 Slightly Seller

MARKET CONDITIONS BY PRICE BAND – TUCSON METRO

ActiveListings

Last 6 MonthsClosed Sales

Apr-14 May-14 Jun-14 Ju1-14 Aug-14 Sep-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

Kathy Vallee - Vallee Gold Team | (520) 730-7493Kathy@kathyvallee.com | KathyVallee.LongRealty.com

The Housing Report

Tucson Metro | October 2014

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 10/03/2014 from TARMLS using BrokerMetrics software for all closed residential sales volume between 10/01/2013 – 09/30/2014 rounded to the nearest tenth of one percent and deemed to be correct.

857398575585658

8574285653

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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 July-September 2013 to July-September 2014 by zip code.

Percentage of Change

CHANGE IN MEDIAN SALES PRICE BY ZIP CODE

JUL-SEP 2013 TO JUL-SEP 2014

These statistics are based on information obtained from the TARMLS and GVARMLS on 10/03/2014. Information is believed to be reliable, but not guaranteed.

12.8%

9.0%

6.4%

6.4%

2.5%

Long Realty Company

Tierra Antigua Realty

Keller Williams Southern Arizona

Coldwell Banker Residential Brokerage

Homesmart Advantage Group

32.5%

Realty Executives Tucson Elite

Kathy Vallee - Vallee Gold Team | (520) 730-7493Kathy@kathyvallee.com | KathyVallee.LongRealty.com