See Tucson Real Estate Trends For 2006 To 2012
Tucson Real Estate Trends Are Improving Year To Year – See the Picture
[quickshare]
Tucson Real Estate trends improved after 4 years of decline in home average sales prices. 2011 was the low point in the Tucson Real Estate Trends from 2007. While not shown, the trends were moving up from 2000 to 2007. Then the big “bang” or “oops”. Down, down, down.
Viewing the “glass half empty” says Tucson Real Estate Trends are still down. Yep! However, 2012 is up from 2011.
For the “glass half full” crowd, Tucson Real Estate Trends seem to have stabilized. 2012 is the first “up tick” since 2008. Interest rates remain low and credit is available. The process to get it is more difficult, however.
The 2012 Recap –
Average Sales Price increased by 6% overall to $174,253. The Average Sales Price by “type” of home are;
| Home Type | 2012 | % Change |
|---|---|---|
| Single Family | $190,884 | + 7.3% |
| Townhouses | $129,692 | + 7.5% |
| Condominium | $ 76,306 | – 7.0% |
2012 saw a decrease in inventory – Total Active Listings – of about 12% over 2011.
A breakdown of buyers shows Cash Sales at 34%, Conventional Loans at 34% and FHA Loans at 27%. All other at 5%.
Take a look at the 2006 to 2012 stats – BELOW. Get out your calculator and check the trends. Review the 2013 data by month and 2014 YTD stats. If you want more data or information give us a call 866 316 5575 OR Submit our CONTACT FORM and we will get right to you!
Tucson Real Estate Trends data 2006 To 2012
| 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | |
|---|---|---|---|---|---|---|---|
| $ Avg Sales-ALL | $267,855 | $272,592 | $242,066 | $201,155 | $189,352 | $163,527 | $174,253 |
| Unit Sales-ALL | 16,058 | 12,840 | 10,578 | 11,661 | 11,802 | 13,418 | 14,236 |
| $ Avg Sales – SFR | $290,523 | $304,241 | $262,427 | $216,121 | $205,809 | $177,863 | $190,884 |
| $ Avg Sales – TH | $177,184 | $203,503 | $186,346 | $151,867 | $139,985 | $120,572 | $129,692 |
| $ Avg Sales – CND | With TH | $159,030 | $136,502 | $111,796 | $94,253 | $81,460 | $76,306 |
| Avg Listings/Month | 8,440 | 9,387 | 8,328 | 6,595 | 7,095 | 5,796 | 4,026 |
| Avg Day On Mkt | 50 | 67 | 78 | 78 | 88 | 82 | 59 |
| % Sale to List | 97.13% | 95.87% | 95.21% | 95.10% | 94.59% | 95.20% | 96.41% |
Interested in Tucson foreclosed homes for sale or daily email updates on Tucson real estate listings? We can help!
Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.
Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!
Sign UP to receive daily HOME TRACKER UPDATES - OR - Our Monthly NEWSLETTER. And get regular updates on the Real Estate Market and events in Tucson, AZ.
Questions about the Tucson Real Estate Market or Tucson Homes for Sale? Call Us - 520 940 4541 OR complete the - CONTACT FORM - and we will get right back to you!