For Immediate Release: October, CONTACT: Judith Grammond MLSSAZ President (5) 7 Sean Murphy Executive Vice President (5) 7 Randy Rogers CEO, MLSSAZ (5) 374 Multiple Listing Service of Southern Arizona Monthly Statistics In 7, The MLS of Southern Arizona made a significant change in the geographic areas used for classifying listings in the service area of the Tucson Association of REALTORS. With the 7 Sales Statistics produced for TAR, MLSSAZ recalculated and adjusted figures dating back to April of 4 to compensate for the area boundary changes. A detailed description of the changes can be found on the last page of this report. Below are some highlights from the Residential Sales Statistics: Total Sales Volume of 7,,7 is a drop from 3,,4 in resulting in a 7.7% decrease. The Average Sales Price of 4,76 is a decrease of 4.% from,6 last month. Average List Price of 53,4 is a decrease of 4.5% from,3 in. Total Under Contract of, is a decrease of 3.3% since s number of,. Total Unit Sales of,55 is a decrease of 4.% since last month s number of,346 and a decrease of 4.7% since 7. The Median Sales Price of, is a decrease of 3.% from 6,5 in but up.% from last year s number of 6,5. Average Lifestyle List Opportunities: Price increased.% in No matter what area or type of home you are interested in, you have a variety of options. Financial: Multiple financing opportunities are available Talk to a REALTOR! With the complexity of a real estate transaction, you need a REALTOR. New Listings of,7 is an increase of.4% from,755 in. Total Active Listings of 3, is an increase from,44 in and a decrease of.5% since last year. Average Days on Market remained at this month, the same as last month. Conventional loan sales of.% exceeded Cash Sales of.%. Judith Grammond Ginny Huffman MLSSAZ President TAR President The MLS of Southern Arizona is a wholly owned subsidiary of the Tucson Association of REALTORS, dedicated to providing a reliable real estate database for members and the public. The Association represents the interests of 5,4 professionals in the real estate industry, and is affiliated with the National Association of REALTORS. REALTOR is a registered collective membership mark which may only be used by professionals who are members and subscribe to its strict code of ethics.
Recap by Month and Year % of Change Total Sales Volume Total Unit Sales 7,,7 3,,4 7.7% 7 3,5, 3,376,7 6.6% 4.%.75% 4,76,6 4.% 7,6,7 3.7%.%.75% 53,4,3 4.5% 7 5,6 44, 3.%.4%.3%,, 3.3% 7,65,4.4%.3% 3.77% Average Sales Price 7,,346.6% 4.7%.%, 6,5 3.% 7 6,5, 7.77%.%.%,7,755.4% 7,46,56.% 3.%.36% 3,,44.4% 7 3,7 3,5.%.5% 5.% Median Sales Price Average List Price,55,346 4.% New Listings Total Under Contract Active Listings Active and Sold by Zip Code Zip Code 5 5 56 56 56 5 566 56 56 5 56 5 # Active # Sold 7 5 6 %.%.%.%.%.%.%.% 3.33%.%.% 5.%.% 3.34% Zip Code 56 5 5653 56 3 4 5 6 # Active # Sold 3 7 6 3 3 65 5 3 7 4 %.%.% 3.%.% 3.5%.% 44.% 4.7%.3%.%.7% 54.%.% Zip Code 3 4 5 6 7 3 34 35 36 37 # Active 6 # Sold 4 5 6 3 4 4 7 6 4 5 7 3 4 5 56 7 3 %.4% 46.67% 46.77%.55%.% 4.74%.76%.%.%.53% 34.6%.3% 37.% Zip Code 4 4 4 46 4 5 55 56 # Active # Sold 5 4 7 6 5 6 6 6 5 5 3 4 %.% 7.4% 3.%.%.%.46%.56% 36.3%.55% 4.4%.4% 65.%.7%
Tucson Association of REALTORS, Real Estate Trend Indicator Tucson, AZ From: // to /3/ Statistics generated on: /5/ Residential Listing Statistics Active Listings Days on Market Total Active Total Contingent Total Pending Total Inventory Total Sold Area # Per Area of Units Sold Under, 4 7 C 47 3 Days 7 3, to, E 5 36 Days 7 4, to, 7 3 N 4 6 Days 5 5, to, 4 7 4 5 NE 7 Days 6 6, to 6, 33 NW 75 Days 7, to 7, 5 36 3 S Over Days 6, to, 4 34 4 SE 5 Avg. Days on Market, to, 5 4 5 7 SW 3, to, 5 UNW Avg. Sold Price, to, 76 USE 4,76 4, to, 5 46 5 W 3 Median Sale Price 6, to 7, 7 6 46 34 XNE 5,, to, 3 4 3 44 6 XNW 7 New Listings, to, 43 77 XSE 5,7 5, to, 44 6 4 XSW 3 3, to, 544 53 4 7 4 XW 6 4, to, 3 7 55 Sold Units per Area Sales Volume by Area 5, to 7, 3 53 7 4 C 7 33,7,5 75, to, 7 4 4 E 5,365,,, and over 35 6 N 3 46,, NE 56 7,,6 NW 6,33,4 S 7,46, SE 36,,36 SW 7,5,7 UNW,46, USE 7,,5 Totals 3,,33 3 4,3,55 W 6,,36 XNE 4, Sept Sept7 % Change YTD YTD 7 % Change XNW,6, Home Sales Volume 7,,7 3,5, 4.% 3,,3,,7,44,4.4% XSE, Home Sales Units,55, 4.7%,76,754.% XSW,,55 Average Sales Price (All Residential) 4,76,6.% 53,5 4,46 4.46% XW,,74 Median Sales Price, 6,5.%,7,6 5.5% Total Volume 7,,7 Average Days on Market: 4.5%.3% Average List Price for Solds: 53,4 5,6.4%, 46,73 4.% Types of Financing Totals SP/LP % 7.7% 7.% 7.4%.% FHA Total Under Contract,,65.3% VA 36 Active Listings 3, 3,7.5% Other New Listings,7,46 3.% Cash 5 Conventional 553 Cash/Loan Carryback 5 Please note: The data contained in this report is dynamic in nature and therefore subject to change and adjustment with the passage of time. These figures and charts are an approximation of the flow of business as observed through the Multiple Listing Service of Southern Arizona. This report does not represent all real estate activity in the area as it substantially correct, neither the Tucson Association of REALTORS nor the Multiple Listing Service of Southern Arizona guarantees nor is in any way responsible for its accuracy. Copyright Multiple Listing Service of Southern Arizona www.mlssaz.com 3
RESIDENTIAL SALES STATISTICS Total Unit Sales,,6,4,, 6 4 Unit Sales Breakdown by Type 4.7% M 4 3.55%.6% 5.6% 7,3,,4,37,,4 76 4 753 6 76 3,5,7,7 3 65 46 654 65 65 5,,5,35, 7,, 6 7 74,6,7,7,7 7 73 75 7 7 7,6,5,,3,4,6,,5 6 5,,7,76,,6,37,7,74 4 4 3 4 5,3,33,7,,,5,5,3 33, 4 54 6,3,,,7,7, 6 3 54 5 744,3,34,,365,36,,3,3 7, 6,3,346,6,47,,35,6,66,6,4 7,,3,4,33,,,,346,,,34,6 36,4,46,,,3,367,346,55 Total Unit Sales By Type Monthly Comparison 44.73% YTD Annual Comparison Breakdown by Type,4,, 6 4 4,,4,,,,, 6, 6 4, 4, Feb Mar Apr May Jun Jul Aug Sept 6,,,66,6,3, 44 3 6 4 5 6 6 7 3 56 M 4 6 6 6 66 5 4 5 7 Total 4 Total 5 Total 6 Total 7 YTD,73,7,,77,77,,,,3,44 6 6 777 4 M 54 7 656 6 54 4 7 4 5 Copyright Tucson Association of REALTORS 4
RESIDENTIAL SALES STATISTICS Total Sales Volume 4 35 3 5 5 5 7,6,4,56,5 36,7, 367,,7 5,,76 44,3,6 36,5, 6,,65,,33,44,467 6,, 3,6,336,675,37,,4 4,,7 55,75,6 6,7, 75,,555 4,37,46 7,6,75,76,4 6,356, 4,7, 6,44,3 6,74,54 53,7,36,33, 7,46,35,3,,,73,6,,,6,4,7 7,5,66,6,3 7,34,,,44,33,3 35,7,,,76 36,,7,4, 5,,,5,4,546,4 33,3,6 44,,77 6,, 3,,44 6,,,36,6,,3,6,7,33,75 4,6,3 7,367,73 6,3,46,7,7 6,,7 55,73,4,7,5 67,6,5 33,, 4,7,3,35,67,,67 6,,,4,7 7,755,4,,,444,77 7,6,6 3 6,,377 77,344,74 55,,6 54,,4 73,55,33 74,73,,37,65 3,6,5,3,66 7,4,776 7,5,6,3,53 4,46,,5, 6,74,4 37,746,7 3,4,,, 5,77,3,6,73 6,,7,45, 7,335,6 5,, 5,,6,7,6 4,,,5,653 4,4, 34,47,76,,74 4,3,674 37,, 35,,4 76,4,3,3,77 6 5,73,7,,66,4, 3,,76 33,5,5 3,37,5 6,,7 3,, 75,35,4 56,77,6 55,666,55,6,5 7,4,65 55,6,73 335,7,4 36,6,6 36,4,4 37,3, 7,,774 3,376,7 3,5,,, 7,46, 76,4,74 7,5,6 7,,5 36,44, 375,5,677,4,4 4,5,47 3,4,73 3,,4 7,,7 Total Sales Volume By Type Monthly Comparison Monthly Volume by Type 4 35 6,,5.5% 3,565,4 7.5% 5 M 4,3,6.7%,4.% 5 5 Apr May Jun Jul Aug Sept 334,7,34 3,7,76 366,536,66 33,, 3,37, 54,,56 4,,6,, 6,,67,3,,3,7,565,4,4,,3,75,,7 7,74,774 6,7, 6,,5 M 7,,75,,5 7,6, 6,4,6,,6 4,3,6 7,5 44,5 653,5 54,5 6,,4 54,,56.% Copyright Tucson Association of REALTORS 5
RESIDENTIAL SALES STATISTICS Average Sales Price 35, 3, 5,, 5,, 5, 7 7,35,56 7, 7,7 7,6 3,4 67, 73,53 7,66,5 66,74,6 65,7 6,7,5 5,7 5,6,7 54,54 35,755 6,76 6,5 5,,3 6,5,54 3,7,53,46 7,,76,34 6,365 5,,4,376, 5,6,7,6 4,,3,7 6,56,6 77,33,736 6, 66,,, 73,,3 67,7 73,4 54,44 5,6 5,,4 6,,,53,53 75,766 73,7 74,73,7,3,4 75,5,5 3, 3,37 6,4,,6,56 6,376 7,444,3,4,3,7,34 4 7,6 6,,,6,4 5,4, 7,4 4,77 4,5,5 7,54 5 6, 3,44 3,6 4,4,47 3,4 3, 4,66,6 5,46 3, 5, 6,3, 6,665 4,,77 4,33 3,76 4,73 4,3,, 3,54 7,,73,4 37,736,5,4 3,66,7,6,3 46,7 4,3,,5 46,54,66 6,4,37 53,4,6 4,76 Average Sales Price by Type Average Listing Price per Area, 4,6 4, M, 5.% 7,3.5% 6,53 34.53% 34, 35,,5 6,74, 5, 37,, 6, 3,,5,73, 4,,55, 7,56 4,7 3,655 5,, 3,37 6.4% 7,5 4.6% 5, C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW Copyright Tucson Association of REALTORS 6
RESIDENTIAL SALES STATISTICS Median Sale Price by Type 65,.% 5, 33.6% M 7,5 7.3%, 7.3% 5,.% M Median Sale Price 5,, 5,, 5, 7,365,5,5 4, 3, 5, 7,,5 5,,,, 3,,, 5,,,, 5,,, 77,3,, 77,75 65, 6,5 6, 65, 6, 6,335,, 6,5 54,6 6, 5,,, 5,, 5, 5,75,55 4,,,5 34,5 37, 5, 3, 7, 6, 5,, 7,5,,, 5, 5, 3, 34, 4, 4, 4,, 44,5, 44,67,5 3,, 5,5, 56,5 6,, 6,5 55, 55,,5, 4,5, 6, 65, 6,,5 7,, 67,, 65,7 65, 5 6, 6, 75, 7, 73,75 75, 75,75 75, 74,5 75, 7, 7, 6 6,, 77,5 76, 7,,,5 5, 77, 7, 4, 7, 7 5, 4, 7, 5,,5 5, 5,, 6,5, 7, 5,, 7,, 5, 6,5, 5, 6,5, Copyright Tucson Association of REALTORS 7
RESIDENTIAL SALES STATISTICS Newly Under Contract During The Month 3,5 3,,5,,5, 5 7,4,,7,,53,777,4 3 7,7,37,4,5,45 5 6 7 36 755 677 6 4,,,3,3,,7,74,333,7,,4,,6 5,7,4,6,7,6,,,75,6,5,3,3,75,4,37 5 4,,777,3,36,7,6,,,,3,74 3,,73,7,,76,4,,4,,6,76,533 4,37,,3,,,6,3,655,3,,465,34 5,7,3,4,336,5,4,7,46,774,3,4,6 6,,3,35,4,,4,3,,4,4,,77 7,,4,5,5,37,3,7,4,4,676,55,36,4,4,,3,,6,,7, Total Listings Still Under Contract At The End of The Month,5,55,77,,,,35,,67,34,4,,,,3,775,4,,56,3,65,776,,,653,53,5,, 5 Sep Aug Jul Jun May Apr Mar Feb Jan Dec7 Nov7 Oct7 Sep7 Aug7 Jul7 Jun7 May7 Apr7 Mar7 Feb7 Jan7 Dec6 Nov6 Oct6 Sep6 Copyright Tucson Association of REALTORS
RESIDENTIAL SALES STATISTICS Number of Sold Listings by Area Annual Comparison 3,5 3,,5,,5, 5 C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW Total 4,7,4,55 6,6 75 533 3 37 5 5 74 6 4 6 Total 5,,67,44, 7 37 4 7, 6 Total 6,344,7,56 77, 44 66 4, 65 6 5 Total 7,36,7,6 6 3,7 35 46,3 53,33 66 43 YTD,7,,7 6,34 654 4 76 6 6 7 Average Sold per Area by # of Units Sold per Area by # of 3 4 5+ All C 3,67 4,737 54,5 46,7 6,555 3 4 5+ All C 5 3 5 7 E 3,6,4,4 6,5 6,65 E 4 3 6 5 N 5,36 4,4,47 7,7, N 35 4 6 3 NE 3, 33,55 34,,7 37,34 NE 6 7 56 NW 53,7 7,675 366,3 4,4 33,3 NW 4 S,5 4,6 73,33 5, 46,47 S 3 34 3 7 SE 7,5 3,4 74,4 5,66 4,35 SE 7 5 3 36 SW,37 73,6,, 7,4 SW 4 35 7 UNW,735 3,555,,3 UNW 4 USE 4, 5,6 66,6 7,7,55 USE 3 33 6 7 W 7, 6,4 35, 44,3 54, W 7 4 7 6 XNE, 35, 7, XNE XNW,333 XSE, XSW 5,4,,, XW 7,744 6,6 7, XNW 3 3, XSE 3,55 XSW,6 XW 4 4 3,5 4, Copyright Tucson Association of REALTORS
RESIDENTIAL SALES STATISTICS Active Listings Area,,, 6, 4,, 7,74,,5,7,7,665,6,54,,33,34,7,,,,,,4 7,76 7,7 7, 7, 7,6 7,67 7, 7,53 7, 6, 6,56 6,6 6,75 6,6 6, 6,3 6,35 6,3 6, 6,7 6,7 6, 6,74 6,5 6,6 7,7 7,7 7,4 7,5 6, 7, 6, 6,73 6,6 5,75 5,566 5,4 5,67 5,55 5, 5, 4, 4,4 4,56 4, 3,77 3,544 3,4 3,7 3,5 3, 4,5 4, 4,4 3 4,4 4,35 4, 4,7 3,53 3,53 3,33 4, 4,77 5,73 5,6 5,5 4 5,7 5,7 5,75 4, 4,6 4,76 4,675 4,67 4,34 5, 5, 4, 5 5,7 5,7 5,6 4,44 4,7 4,54 4,377 4,3 4,466 4,5 4, 4,37 6 4,546 4,553 4,3 4, 3, 3,7 3,56 3,54 3,7 3,3 3,66 3,3 7 3,7 3, 3,376 3,446 3,33 3,35 3,3 3,5 3,7 3, 3,6 3,3 3,375 3,3 3,6 3,7 3,4,74,67,44 3, Active Listings Unit Breakdown 55 4.3% 6 3.3% M 4.%, under 3,, 4,, 5,, 6, 6, 7, 7,,,,,,,,, 4,, 3 4 6 7 3,, 43,, 5,, 544 3,, 3 3 4,, 5, 7, 7 75,,,, and over 5 4 4 5 4 5 6, 7,,77 6.% 47 5 4 7 75 5 3 3 5 7 5 3 6 Active Listings Price Breakdown 3.3% # of Listings C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW 35 Copyright Tucson Association of REALTORS
RESIDENTIAL SALES STATISTICS Sold Price Breakdown, under 3,, 4,, 5,, 6, 6, 7, 7,,,,, 5 5 3 4 7,, 76,, 5 4,, 34 6, 7, 6,,,, 4 5,, 4 3,, 55 4,, 4 5, 7, 4 75,,,, and over 5 Copyright Tucson Association of REALTORS
RESIDENTIAL SALES STATISTICS Average Days on Market/Listing Area 6 4 7 65 6 65 7 7 7 74 4 7 76 77 77 7 7 76 7 76 75 3 5 5 7 4 7 7 7 73 73 73 6 7 66 7 3 7 6 6 7 4 3 7 76 73 74 7 7 77 73 74 67 67 65 5 55 3 53 5 4 5 5 54 4 6 6 6 6 5 7 65 6 6 6 6 6 6 56 54 55 5 4 7 5 5 46 4 4 4 44 46 4 Annual Comparison Average Days on Market # of Listings C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW 3 35 4 46 34 36 36 5 53 5 5 Average Days on Market/Listing Breakdown 6 Days 5.% Days 6 5.% + Days 6.3% 7 6 3 6 Days 7 5.4% 5 4 3 Days 4.% 4 6 6 6 6 6 5 7 65 6 6 6 6 6 6 56 54 55 5 4 7 5 5 46 4 4 4 44 46 4 3 Days 7.% Copyright Tucson Association of REALTORS
RESIDENTIAL SALES STATISTICS New Listings 4,5 Area 4, 3,5 3,,5,,5, 5 7 3,,376,7 3,5,6,,766,337,7,,4, 3,744,,444,44,,5,67,5,,3,65,5,36,7,,73,74,,4,5,,4,5,353,44,4,34,36,4,55,6,5,,7,44,7,,47,,6,5,7,,6,56,, 56,4,7,7,7,5,537,,65,,3,,3 3,3,7,3,7,746,74,7,,4,36,75,6 4,,5,6,73,4,,6,76,73,73,5,36 5,,7,3,6,56,5,6,,,5,567,7 6,,37,4,,6,7,553,7,74,,,36 7,3,77,76,5,,4,,56,46,6,4,7,,776,6,6,,7,74,755,7 # of Listings C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW 6 5 4 36 6 35 6 3 3 3 7 *Includes properties that were relisted **Beginning December, MLSSAZ implemented a change in the calculation of New Listings to include all new listings input to the MLS database. The changes are reflected above. Misc. MLS Information Month Expired Cancelled Dec 7 Jan Feb Mar Apr May Jun Jul Aug Sept 34 3 4 3 3 5 3 3 74 6 76 33 Temp Off Mkt. 37 5 4 56 53 44 Copyright Tucson Association of REALTORS 3
RESIDENTIAL SALES STATISTICS Notes on 7 Area Boundary Updates In, The MLS of Southern Arizona made a significant change in the geographic areas used for classifying listings in the service area of the Tucson Association of REALTORS. With the Sales Statistics produced for TAR, MLSSAZ recalculated and adjusted figures dating back to of 4 to compensate for the area boundary changes. Northwest Metro Tucson Territory of the Northwest area north of Dove Mountain and Rancho Vistoso, including Saddlebrooke were reclassified to a new area named Upper Northwest. Territory of the Northwest area west of Interstate, encompassing the Continental Ranch and Twin Peaks communities, was reassigned to the West area. Picture Rocks and Gladden Farms were assigned to the Extended West area. Territory to the west of the Tucson Mountains and north of Gates Pass Road was reassigned to the Extended West area. Territory south of the Rillito River and east of Interstate was reassigned to the Central area. Southeast Metro Tucson Rita Ranch and Vail areas on the north side of Interstate were assigned to a new area named Upper Southeast. Territory on the south side of Interstate and west of Wilmot, including parts of Vail and Corona de Tucson, were assigned to the Southeast area. Territory south of Corona de Tucson to the Santa Cruz County line was reclassified to a new area named Extended Southeast. Territory east of Wilmot and between Golf Links and Irvington Road were reassigned to the East area. The Extended South area was removed. The Benson area included in Pima County was reassigned to a new area. The Benson area is outside the territorial jurisdiction of the Tucson Association of REALTORS and is not statistically accurate. Green Valley/Sahuarita The Green Valley and Sahuarita areas are outside of the territorial jurisdiction of the Tucson Association of REALTORS and are not statistically accurate. Green Valley and Sahuarita are under the jurisdiction of the Green Valley/Sahuarita Association of REALTORS (GVSAR). Statistical information that was formerly included in the Extended South and Extended Southwest is reassigned to new areas assigned by GVSAR to be included in future statistical reports. Copyright Tucson Association of REALTORS 4