Ability Realty
Barry Fotheringham, Broker
7360 E. 22nd Street,
Tucson, AZ 85710
The Statistics for June continue a modest increase of about 1% over the month of May. This is again good news that we are continuing to move properties to new owners.
| Jan 2015 | Feb 2015 | Mar 2015 | Apr 2015 | May 2015 | Jun 2015 |
|
|---|---|---|---|---|---|---|
Average Sales Price | $194,878 | $209,403 | $208,673 | $210,749 | $216,517 | $219,370 |
Median Sales Price | $160,250 | $167,000 | $172,000 | $167,500 | $171,250 | $173,000 |
Total Units Sold* | 805 | 935 | 1275 | 1383 | 1388 | 1481 |
Active Listings | 5803 | 5857 | 5721 | 5487 | 5250 | 4992 |
Days On Market | 70 | 69 | 68 | 67 | 62 | 60 |
Listings Under Contract** | 1764 | 1993 | 2294 | 2336 | 2252 | 2114 |
Sales Over $500,000 | 30 | 51 | 47 | 66 | 71 | 77 |
| The figures on this table are subject to change due to late reportings and corrections. These changes are reflected in the next months statisical blog post after we receive the updated information. For this reason you will find inconsistencies if you compare the data on multiple tables. * Closed during the month. ** For the current month (not the total listing under contract) |
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The bad news, if you can call it that, is that buyers are letting the prices go up without purchasing at still low interest rates. It will not stay at this low rate which is now up to 4.25% for much longer, as I see it heading back up towards the end of the year. Lower payments and lower prices give you more protection if we see another slow down in the economy or possibly another Recession that some are predicting. You need housing so why not get it on the low end before things change.
We see more Renters and Rentals and we are building our Property Management Department run by my son David. We need good properties to manage. We have years of experience to assist you in your investment. We are primarily East side but can recommend other companies.
Call Barry at 240-7130 or David at 240-4493
Jul 16, 2015 No comments yet Share