Monthly Statistical Digest

Transcription

1 Tucson Association of REALTORS Multiple Listing Service, Inc. Monthly Statistical Digest May 7 FOR IMMEDIATE RELEASE: June 3, 7 COTACT: Judy Lowe, President - (5) Rick Hodges, CEO - (5) LETTER FROM THE PRESIDET The Tucson Association of REALTORS Multiple Listing Service Board of Directors voted to modify 7 monthly closed residential statistics to more accurately reflect the true Tucson real estate market as it occurs within the Tucson market area, according to the boundaries of the MLS map. The out of county, out of state, and out of country (Mexico) properties will no longer be included. This will make only a slight difference when comparing 7 to prior years. Regardless of what is being reported by the media for other regions nationally, the average sales price in Tucson continues to rise, reaching $8,589 in May 7. The median sales price for May '7 was $3,5, compared to the $,5 of May '6. In addition our May '7 active listing inventory of 9,7 has reversed the upward trend, and actually decreased from prior months. Total May '7 closed sales units rose to,33, an increase over the prior month, although it is still 3.96% below the,56 reported for May '6. Days on market for May 7 was 6 days, the shortest time we've seen this year. Judy Lowe 7 MLS President The Tucson Multiple Listing Service, Inc. 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 6,7 professionals in the real estate industry, and is affiliated with the ational 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. Page

2 7 RESIDETIAL SALES OVERVIEW Sales Snapshot Home Sales Volume Decreased.3% from $4,85,6 in May 6 to $368,43,994 in May 7. Graph on page 4. Home Sales Units Decreased 3.96% from,56 in May 6 to,33 in May 7. Graph on page 3. Average Sales Price (all residential types) Increased 4.% from $69,7 in May 6 to $8,589 in May 7. Graph on page 5. Median Sales Price Increased.% from $,5 in May 6 to $3,5 in May 7. Graph on page 8. Average Days on Market Increased % from 5 days in May 6 to 6 days in May 7. Graph on page. Pending Contracts (not yet closed in escrow) Decreased 4.% from,9 in May 6 to,9 in May 7. Graph on page 9. Sales Analysis Average Sales Price Increases After falling from January to February 7, average sales price has continued to climb, reaching $8,589 in May 7. For the second month in a row, average sales price has increased in year-over-year comparisons. The average sales price in May 6 was $69,7 - more than $, less than the average sales price in May 7. Active Listings Decrease From Last Month We have reversed an upward trend in active listings we ve seen since the beginning of the year. The total number of active listings has risen steadily since January, but in May 7 fell to 9,7. Active listings are up 5.4% compared to May 6. Days on Market Reach Their Lowest Point of the Year In good news for area sellers, the average time on market in May 7 reached 6 days, the shortest time we ve seen so far this year. Days on market reached a high of 68 in January 7 and has hovered in the mid-6s from February to April 7. Active Listings Increased 5.4% from 8,43 in May 6 to 9,7 in May 7. Graph on page. ew Listings Decreased 6.6% from 3,69 in May 6 to,96 in May 7. Graph on page. Please note: Data in this report is based in whole or in part on data supplied by the Tucson Association of REALTORS or its Multiple Listing Service. either the Association nor its MLS guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS does not reflect all real estate activity in the market. Copyright 7 Tucson Association of REALTORS Multiple Listing Service, Inc. Page

3 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Total Unit Sales May 7,33 Units Unit Sales May 7 Breakdown by Type,,8,6,4,, OV TH/CD % 9.69% ,, ,67,5,3,98, ,4,6,,6,3 938, ,69,48,5,75,9, ,4,63,99,6,66,63 94, 883,,49,336,99,3,87,93,73 965,346,55,533,78,53,468,74,95, ,,8, % 5,86,343,55,489,679,858,584,795,44,368,9, ,58,5,466,56,54,7,38,77, ** ,38,87,33 Total Unit Sales Annual Comparison Annual Comparison Breakdown by Type 6, 4,,,8,,6,,4 8,,, 6, 8 4, 6, ,4 5,86, ,58,346,55,533,78,53,468,74,95,55,489,679,858,584,795,44,368,5,466,56,54,7,38,77,95 OV,9,8,9, ,745 6,37 YTD 7 4,736 Condos/TH,589,85,56 MFH ,38,87,33 Page 3

4 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Total Sales Volume May 7 $368,43,994 $6 $5 Millions $4 $3 $ $ $ OV 996 $73,766, $7,339, $79,38,6 999 $9,858,39 $95,83,54 $7,94,9 $,4,3 $9,,6 $6,68, $74,77,3 $95,8,9 $98,4,5 $,6,6 $79,4, $8,37,7 $,36,9 $33,, $3,63,9 $43,97, $49,935,9 $7,3, $7,3,5 $68,95, $57,775,9 $8,8,3 3 4 $6,353, $6,7,5 $34,44,9 $67,3,9 $3,845,5 $39,37,5 $5,74,5 $9,399,4 $64,66, $67,34, $89,94, $79,56,8 $7,877,6 $95,97,9 $6,54,8 $3,86, $,46,8 $3,75, $4,63,7 $34,38,5 5 $49,6,4 $34,57,4 $363,59,8 $367,7,4 $434,584,7 6 $58,363, $9,894,8 $43,94,6 $46,93,4 $4,85,6 7** $56,449,64 $58,385,55 $358,8,937 $359,63,95 $368,43,994 $,37,7 $,395, $93,56,,74 $77,96,7 $8,54,7 $7,987, $96,47,,3 $,9,5 $5,588, $46,436,8 $,77, $,4, $96,838,9 $6,676,3 $5,75, $3,5,4 $8,74, $47,838,4 $6,6,4 $35,89,5 $9,665,7 $99,59,9 $84,89,9 $36,367,9 $96,799,4 $99,5, $89,735,3 $53,6,5 $54,99, $39,869,7 $9,975,4 $4,633,6 $365,563,4 $3,38,5 $3,96,7 $64,33,8 $497,4,4 $4,35,5 $477,375,7 $354,53,3 $47,, $335,85,8 $37,67,5 $73,3, $79,5,86 $7,659,87 $78,736,95 $,,6 $75,573,36 $9,43,9 $,985,3 $,5, $9,,,3 $5,79, $4,34, $9,865,,9 $3,679,8 $37,68, $,88,,4 $39,88,8 $,635,9 $7,954,,4 $85,339,7 $58,5,9 $87,36,,9 $8,53,5 $66,475, $89,933,,7 $73,555,5 $58,37,3 $73,53,,7 $355,66,5 $34,88,9 $33,3,,7 $9,4,7 $6,678, $56,38,, Annual Comparison Month by Type $55 $5 $45 $4 $35 TH/CD.9%.8% Millions $3 $5 $ $5 $ OV 5 6 7** $49,6,4 $58,363, $56,449,64 $34,57,4 $9,894,8 $58,385,55 $363,59,8 $43,94,6 $358,8,937 $367,7,4 $46,93,4 $359,63,95 $434,584,7 $4,85,6 $368,43,994 $497,,4,4 $47,,, $4,35,5 $335,85,8 $477,375,7 $37,67,5 $354,53,3 $73,3, $355,66,5 $9,4,7 $34,88,9 $6,678, $33,3,7 $56,38, 87.8% Page 4

5 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Averagee Sales Price May 7 $8,589 $3, $5, $, $5, $, $5, $ OV 996 $7,65 $3,95 $4,738 $9,77 $9,5 997 $35,59 $3,64 $9,37 $4,543 $3, $33,7577 $8,73 $37,888 $37,484 $4, $44,659 $4,7 $49,8 $4,5 $54, $44,76 $45,495 $5,985 $56,4 $59,99 $5,368 $49,994 $54,34 $64,5 $65,3 $56,489 $64,873 $6,596 $67,96 $78,47 3 $56,455 $67,676 $7,683 $8,357 $8,59 4 $79,96 $87,89 $7,47 $6,55 $5, $9,43 $73,69 $34,3 $74,948 $38,367 $8,439 $46,656 $77,76 $58,835 $69,7 7** $7,59 $6,7 $7,76 $78,99 $8,589 $35,637 $3,98 $8,76 $5,83 $3,665 $3,499 $8,59 $37,664 $5,87 $38,48 $34,359 $3,579 $59,77 $48,57 $44,47 $39,78 $64,64 $57,6 $54,499 $55,838 $6,69 $67,39 $67,779 $59, $69,59 $7,853 $78,49 $63,58 $95,688 $84,55 $78,69 $88,93 $,784 $,666 $5,4 $7,48 $57,55 $6,94 $65,947 $5,55 $73,7 $73,77 $68,48 $53,78 $5,38 $9,59 $3,8 $36,66 $34,7 $33,695 $3,75 $33,33 $4,33 $4,78 $44,53 $5,585 $5,89 $6,74 $6,333 $5,955 $56,64 $65,36 $66,8 $79,54 $83, $86,3 $7,53 $75,7 $,4 $3,596 $3,96 $59,698 $65,947 $66,73 $66,854 $67,493 $6,348 Averagee Sales Price by Type TH/C $ $5, $, $5, $,, $5, $3, $35, TH/C Avg SP $3,475 $86,936 Page 5 $,8

6 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S umber of Sold Listings per Area by # of Bedrooms Bedrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms E W XW 3 C 9 8 E S SE SW W W XW 7 TOTAL umber of Sold Listings by Area Annual Comparison 5,, 4,,5 4,, 3,,5 3,,,,5,,,,5,, 5 E W XW C E S SE SW W W XW 5,443, 4,,337 6,788,63 898,9, , ,,47,363,5,39,53, ,75 YTD 7 5 3,, Page 6

7 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Averagee Sold Price per Area by # of Bedrooms Bedrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms $47,98 $494,5 $784,88 $,48,3 $493,858 E $67,33 $37,8 $455,394 $588,3333 $35,788 W $69,7 $39,839 $4,737 $48,6555 $34,8 XW $ $5,73 $35,,75 $5, $5,677 C $7,79 $33,56 $344,875 $ $,9 E $56,8 $,66 $3,94 $494,5 $3,479 S $3, $75,97 $6,3 $3, $83,7 SE $53,63 $,595 $9,465 $37, $4,84 SW $4,3 $7,69 $96,469 $48, $79,84 W $68,69 $76,578 $64,67 $ $7,87 $8,636 $57,34 $99,43 $48,5888 $6,336 W $5,6 $3,97 $369,445 $,45,56 $68,954 XW $5,75 $37,643 $87,5 $ $67,455 TOTAL $,844 $58,8 $364,36 $68,7 $8,589 Averagee Sale Price per Area $45, $4, $35, $3, $5, $, $5, $, $5, $ E W XW C E S SE SW W W XW Page 7

8 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Median Sale Price May 7 $3,5 $5, $, $5, $, $5, $ OV 997 $7, 998 $8, 999 $3, $9,9 $9, $5,73 3 $3,37 4 $48, 5 $75,95 6 $5,875 7** $,365 $, $,5 $4, $5, $3,9 $, $, $,9 $9,5 $5,5 $5, $, $, $7, $8,9 $, $6, $4,7 $9,5 $7,5 $8,9 $7,678 $3,895 $39,5 $39, $37,5 $44, $45, $48,75 $56,5 $59, $6, $85, $9, $96, $6, $7, $8, $9,5 $,5 $, $, $4,94 $3,5 $7, $8, $3, $9, $, $,9 $5, $7,9 $6, $, $8, $9,5 $, $,965 $7, $9,9 $4,95 $4, $, $4, $7,5 $4, $, $,94 $,5 $9,9 $4,5 $,5 $9, $9, $9,9 $4,8 $3,5 $9, $5, $37,9 $38, $4, $3,85 $36, $4, $38, $5, $47, $47,5 $46, $5, $4, $45, $67,733 $65,3 $67, $68,5 $6,5 $75, $69, $9,5 $, $9, $9, $4, $6, $, $5, $5, $,9 $, $,5 $8, $5, Median Sale Price by Type $3,.8% $35, 45.4% TH/C $7, 3.8% TH/C Page 8

9 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Terms of Sale May 7 CTL.% COCB CASH %.3% OTHER 3.% EXCHAGE 3.% FHA 36.7% VA 4 3.% ARM.% COV % Total Listings Under Contract* Reported May 7**,9 Listings 3,,5,,5, 5 OV ,38, ,, ,5,48,45,8, ,3,6, ,89,85,68,46,7,3,48 9, 9 84,8,54,45,555,47,345,335,335,4,43,5,7 3,39,4,7,79,7,684,6,55,36,44,33,4 4,47,676,64,766,44,978,96,7,65,74,593,8 5,59,88,88,85,39,57,8,96,877,766,58,36 6,67,796,5,98,9,7, ,94,9,7,9 Page 9

10 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Active Listings May 7 9,7**,, 8, 6, 4,, OV 996 4,5 4,33 4,344 4,359 4,4 4,53 4,58 4,74 4,73 4,,76 4,543 4, ,559 4,85 4,79 4,63 4,55 4,387 4,38 4,468 4,66 4,,776 4,674 4, ,77 4,74 4,739 4,569 4,54 4,363 4,4 4,446 4,579 4,,683 4,576 4, ,63 4,59 4,44 4,86 3,98 3,854 3,784 3,8 3,94 4,, 3,888 3,777 4,6 3,98 3,938 3,9 3,848 3,876 3,98 4, 4,9 4,,546 4,48 4,4 4,76 4,78 4,69 4,478 4,55 4,79 4, 4,8 4,448 4,,64 4,58 4,597 4,859 4,456 4,953 4,868 4,747 4,77 4,778 4,837 4,968 5,,3 5,67 4,86 3 5,7 5, 5,64 5,4 4,754 4,68 4,64 4,59 4,799 4,,8 4,694 4, ,856 4,75 4,668 4,55 4,37 4,3 3,96 3,97 3,976 3,,838 3,633 3, ,47 3,6 3,493 3,64 3,88 3,969 4,6 4,45 4,84 5,,33 5,554 5, ,499 7,74 7,577 8,3 8,43 8,75 8,955 9,4 9,97 9,,336 9,38 8,58 7 9,74 9,847,85,387 9,7 Active Listing Price Breakdown 5,,5,,5 TH/C % TH/C 94.97% % 9,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999, 9,999, 39,999 4, 59,999 6, 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999,, and over ,355,534,9 8 E W XE XW C E S Page SE SW W W XW

11 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Averagee Days on Market May 7 6 Days OV ** Averagee Days on Market Breakdown Days 8 9.% 8 Days 7 8.9% 8 + Days 53 4.% 3 Days % Average DOM Days 7 6.5% 3 6 Days % E W XW C E S SE SW W W XW Page

12 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S ew Listings May 7,96 Listings** * 4, 3,5 3,,5,,5, 5 OV 996,63,46,56,447,57,34,58,6,,377, ,553,87,54,34,58,45,37,75,49,334, ,7,44,588,46,43,3,43,4,476,544, ,77,487,76,456,4,476,388,49,44,33,65 89,376,4,57,38,395,39,88,457,45,54,358 89,844,5,7,59,5,585,6,67,574,777,35,5,4,695,897,95,755,74,78,76,85,95,549,9 3,6,88,977,877,746,8,889,798,799,9,58,3 4,4,83,4,94,86,898,896,789,85,75,539,7 5,947,574,5,,,93,3,35,44,474,33, ,9,973 3,5,89 3,69 3,3,867 3,45,97,886,38,79 7 3,499,376,7 3,85,96 E W XE XW C E S SE SW W W XW ew Construction* Sold Information May 7 56 Units Month Totals 3 Totals 4 Totals 5 Totals 6 Totals 7-Jan 7-Feb 7-Mar 7-Apr 7-May Units Sold Sold Volume $6,84,5 $8,7, $38,98,8 $83,798,84 $3,97,949 $3,75,3 $,75,68 $5,44,74 $3,3,749 $6,38,34 Average Price $5,93 $6,3 $58,39 $36,894 $34,6 $86,465 $66,38 $85,868 $78,467 $9,398 Median Price $58,87 $73,85 $9,7 $33,7 $4, $3,95 $35,343 $33, $, $47,378 Page

13 7 RESIDETIAL SALES STATISTICS ** 7 numbers revised to only include, E, W, XE, XW, XW, W, SW, W, SE,, C, E AD S Sale Price by Bedroom to Bedrooms 3 Bedrooms ,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79, , 89,999 9, 99,999, 9,999, 39,999 4, 59, , 79,999 8, 99,999, 49,999 5, 99,999 3, 399, , 499,999 5, 749,999 75, 999,999,, over 9, under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79, , 89,999 9, 99,999, 9,999, 39,999 4, 59, , 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999,, over 4 or More Bedrooms Total Bedrooms ,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79, , 89,999 9, 99,999, 9,999, 39,999 4, 59, , 79,999 8, 99,999, 49,999 5, 99,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999,, over Page 3 9,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999, 9,999, 39,999 4, 59, , 79,999 8, 99,999, 49,999 5, 99,999 3, 399, , 499,999 5, 749,999 75, 999,999,, over