Monday, January 21, 2008

Tucson's December Sales Stats by Area

Here's the latest and greatest about Tucson home sales by area for December. As usual some areas saw sales price increases while others saw large declines. The average days on market increased while the number of active listings went down.


Once again a couple of Tucson's extended areas saw big price increases over November's numbers. The extended Northwest portion of Tucson recorded a December price increase of about 55% over November's numbers, but this number is a bit skewed. Many of the properties located in this extended area are manufactured homes, which generally carry a sales prices in the low $100K's. During December there were only eleven property sales in the extended NW Tucson area, and seven of them were manufactured homes. Four were single family residences, with one priced at $654K. This high sales price caused the average to make a big jump over November's average sales price of $156,417. This is also the reason for the large sales price increase in Tucson's extended West area as well. Out of four properties that sold in December, three were manufactured homes. One single family residence sold for $440K, which raised that month's average sales price by 34% over November's number.

In December Northeast Tucson saw a big sales price decrease from November's number of $447,632. There were 34 sales for the month, and about ten were town homes or condos that sold for anywhere from $60K to $250K. These low dollar sales really impacted the areas average sales price.


Tucson Average Sales Price by Area for December


Tucson's average days on market increased again in December, up to 76 from November's average of 72. Not surprising since it was the holiday season and most people were worried about shopping and parties rather then buying a home.


Tucson Average Days on Market by Area


The number of Active listings in Tucson dropped to 8,708 for December, down 5.7% from November. Northwest and Central Tucson still carry the highest number of active listings with 2,338 and 1,000 respectively.

Tucson Active Listings by Area for December


With the holidays over most people are shifting their focus onto the economy, politics and the Superbowl. I've heard a lot of people comment they don't feel the market will turn until we know who will be representing each party in November's election. It's amazing the impact politics can play in peoples decision to buy or sell homes. It's going to be a fun ride!

1 comment:

Anonymous said...

The average days on market increased while the number of active listings went down.


___________________
Julie
Free HD DVR Receiver Upgrade