Monthly Statistical Digest

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1 Tucson Association of REALTORS Multiple Listing Service, Inc. Monthly Statistical Digest JANUARY 28 FOR IMMEDIATE RELEASE: CONTACT: February 15, 28 Kimberly Clifton, President - (52) Wes Wiggins, Vice President, MLS (52) Rick Hodges, CEO - (52) The Real Estate market in Southern Arizona has an interesting year ahead in 28! As the markets begin to wake up from the holiday hibernation, there is nothing but better news for the months ahead. Although both home sales volume and unit sales numbers were below what they were in January of 27, the Average Sales Price for a home decreased only 2.17% from $272,351 in January '7 to $266,45 in January '8. The Median Sales Price decreased 7.65% from $22,365 in January '7 to $23,5 in January '8. Pending contracts increased to 1,79 in January '8, an increase of 25.3% over the January '7 count of 863. Our active listings decreased 5.89% from 9,742 on '7 to 9,168 on '8. New listings in '8 increased from 3,499 on '7 to 3,744 in '8, an increase of 7.% January has typically been one of the slower months in the Tucson real estate market, but in following sales trends of the past, the market should pick up in early spring. With 27 behind us we can look forward to all of the opportunities in our industry for 28! Tucson and its surrounding communities are continuing to grow and prosper due to all of the amazing amenities that Southern Arizona has to offer new home owners from all around the country. Affordable housing, low interest rates and government backed financing will assist in the upswing in the real estate market for 28! It is time to spread the word! Kimberly Clifton 28 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 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.

2 JANUARY 28 RESIDENTIAL SALES O V E RVIEW Sales Snapshot Home Sales Volume Decreased 38.28% from $256,449,641 in January 27 to $158,272,6 in January 28. Graph on page 4. Home Sales Units Decreased 36.88% from 941 in January 27 to 594 in January 28. Graph on page 3. Average Sales Price (all residential types) Decreased 2.23% from $272,529 in January 27 to $266,45 in January 28. Page 5. Median Sales Price Decreased by 7.65% from $22,365 in January 27 to $23,5 in January 28. Page 6. Pending Contracts (not yet closed in escrow) Increased 25.3% from 863 in January 27 to 1,79 in January 28. Graph on page 6. Active Listings Decreased 5.89% from 9,742 in January 27 to 9,168 in January 28. Graph on page 8. New Listings Decreased 7% from 3,499 in January 27 to 3,744 in January 28. Graph on page 1. 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. Neither 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 28 Tucson Association of REALTORS Multiple Listing Service, Inc.

3 JANUARY 28 RESIDENTIAL SALES STATISTICS Total Unit Sales January 28 Unit Sales Jan. 28 Breakdown by Type 2, 1,8 1,6 1,4 1,2 1, CND/CNDNC TH/THNC % 9.26% MSFR % MH % ,2 1, ,67 1,15 1,232 1,98 1, ,16 1,1 1,126 1, , ,69 1,48 1,225 1,175 1,192 1, ,42 1,163 1,299 1,161 1,166 1, , , ,12 1,249 1,336 1,299 1,3 1,287 1,193 1, , ,24 1,346 1,55 1,533 1,718 1,53 1,468 1,274 1,295 1,29 1, ,86 1,343 1,525 1,489 1,679 1,858 1,584 1,795 1,44 1,368 1,219 1,241 SFR/SFRNC % ,58 1,51 1,466 1,526 1,524 1,227 1,381 1,77 1, ,318 1,287 1,313 1,226 1,98 1, Total Unit Sales Annual Comparison YTD Annual Comparison Breakdown by Type 14, 2, 1,8 1,6 1,4 1,2 1, ,24 1,346 1,55 1,533 1,718 1,53 1,468 1,274 1,295 1,29 1, ,86 1,343 1,525 1,489 1,679 1,858 1,584 1,795 1,44 1,368 1,219 1, ,58 1,51 1,466 1,526 1,524 1,227 1,381 1,77 1, ,318 1,287 1,313 1,226 1,98 1, , 1, 8, 6, 4, 2, SFR/SFRNC TH/THNC CND/CNDNC MSFR MH YTD 25 13,221 2, YTD 26 1,947 2, YTD 27 9,83 1,179 1, Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 3

4 JANUARY 28 RESIDENTIAL SALES STATISTICS Total Sales Volume January 28 $6 $5 $4 Millions $3 $2 $1 $ 1996 $73,766,78 $71,942,29 $1,4,3 $91,212,62 $116,68, $112,37,7 $12,395,2 $93,256,74 $77,926,72 $79,115,86 $72,659,87 $78,736, $7,339,65 $74,727,3 $95,218,9 $98,14,25 $12,162,6 $18,254,7 $17,987,1 $96,247,23 $1,219,5 $1,2,6 $75,573,36 $9,243, $79,318,16 $79,41,1 $118,37,7 $122,36,9 $133,12,2 $15,588, $146,436,8 $112,727,2 $11,4,2 $11,985,3 $12,512,2 $119,2, $91,858,39 $13,263,9 $143,97,2 $149,935,9 $17,32,2 $196,838,9 $162,676,3 $152,75, $123,51,4 $125,791,1 $114,234, $119,865,9 2 $95,831,54 $117,123,5 $168,95,1 $157,775,9 $18,8,3 $182,714, $147,838,4 $16,61,4 $135,89,5 $123,679,8 $137,68,2 $12,288,4 21 $16,353,2 $113,845,5 $164,662,2 $171,877,6 $22,46,8 $19,665,7 $199,529,9 $184,892,9 $136,367,9 $139,188,8 $12,635,9 $127,954,4 22 $116,271,5 $139,317,5 $167,341,1 $195,297,9 $231,751,2 $196,799,4 $199,215, $189,735,3 $153,6,5 $185,339,7 $158,51,9 $187,36,9 23 $134,44,9 $15,74,5 $189,194,1 $226,514,8 $242,63,7 $254,199, $239,869,7 $229,975,4 $224,633,6 $218,531,5 $166,475, $189,933,7 24 $167,132,9 $192,399,4 $279,256,8 $31,86,1 $314,381,5 $365,563,4 $311,318,5 $3,96,7 $264,33,8 $273,555,5 $258,237,3 $273,53,7 25 $249,161,4 $314,57,4 $363,59,8 $367,27,4 $434,584,7 $497,24,4 $412,35,5 $477,375,7 $354,531,3 $355,266,5 $324,188,9 $331,13,7 26 $258,363,2 $29,894,8 $423,941,6 $46,193,4 $41,825,6 $417,12,1 $335,85,8 $37,671,5 $273,322,2 $292,24,7 $262,678, $256,382,1 27 $256,449,641 $258,385,55 $358,181,937 $359,63,95 $368,413,994 $365,932,899 $295,343,432 $279,136,853 $19,574,76 $27,178,347 $24,96,24 $177,453, $158,272,6 Annual Comparison Monthly Volume by Type $55 $5 $45 $4 $35 TH/NC $11,81,5 7.% CND/NC $5,149, % MSFR $3,976, % MH $721,9.46% Millions $3 $25 $2 $15 $1 SFR/NC $137,342, % 25 $249,161,4 $314,57,4 $363,59,8 $367,27,4 $434,584,7 $497,24,4 $412,35,5 $477,375,7 $354,531,3 $355,266,5 $324,188,9 $331,13,7 26 $258,363,2 $29,894,8 $423,941,6 $46,193,4 $41,825,6 $417,12,1 $335,85,8 $37,671,5 $273,322,2 $292,24,7 $262,678, $256,382,1 27** $256,449,641 $258,385,55 $358,181,937 $359,63,95 $368,413,994 $365,932,899 $295,343,432 $279,136,853 $19,574,76 $27,178,347 $24,96,24 $177,453, $158,272,6 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 4

5 JANUARY 28 RESIDENTIAL SALES STATISTICS Average Sales Price January 28 $35, $3, $25, $2, $15, $1, $5, $ 1996 $117,65 $13,95 $124,738 $119,77 $129,251 $135,637 $132,981 $128,276 $125,83 $125,382 $129,519 $131, $135,529 $13,642 $129,372 $124,543 $131,146 $132,665 $132,499 $128,159 $137,664 $136,616 $134,712 $133, $133,757 $128,273 $137,888 $137,484 $142,355 $15,287 $138,148 $134,359 $132,579 $13,75 $133,133 $141, $144,659 $141,71 $149,281 $14,521 $154,12 $159,772 $148,157 $144,47 $139,718 $142,782 $144,53 $15,585 2 $144,761 $145,495 $151,985 $156,214 $159,929 $164,164 $157,61 $154,499 $155,838 $15,829 $162,274 $162, $152,368 $149,994 $154,34 $164,5 $165,23 $162,269 $167,391 $167,779 $159,122 $152,955 $156,264 $165, $156,489 $164,873 $16,596 $167,926 $178,47 $169,59 $17,853 $178,49 $163,58 $166,822 $179,514 $183,11 23 $156,145 $167,676 $171,683 $181,357 $181,59 $195,688 $184,515 $178,691 $188,293 $186,31 $172,513 $175,72 24 $179,96 $187,89 $27,472 $26,552 $25,76 $212,784 $21,666 $25,14 $27,481 $211,24 $213,596 $213, $229,43 $234,23 $238,367 $246,656 $258,835 $257,55 $26,294 $265,947 $252,515 $259,698 $265,947 $266, $273,69 $274,948 $282,439 $277,76 $269,217 $273,71 $273,717 $268,48 $253,781 $266,854 $267,493 $261, $272,529 $26,27 $271,762 $278,992 $28,589 $298,477 $268,983 $273,932 $279,25 $262,251 $269,968 $26, $266,45 Average Sales Price by Type January 28 Average Sale Price per Area January 28 $6, MSFR $12, % MH $9, % SFR/NC $295, % $5, $4, $3, $2, $1, CND/NC $156, % TH/NC $21, % $ N NE NW XNE XNW C E S SE SW XSW XS W XW Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 5

6 JANUARY 28 RESIDENTIAL SALES STATISTICS Median Sale Price by Type Total Listings Under Contract MSFR $115, 15.56% CND/NC $14, % MH $87, 11.77% SFR/NC $216, 29.23% TH/NC $18, 24.36% SFR/NC TH/NC CND/NC MSFR MH 3,5 3, 2,5 2, 1,5 1, ,38 1, ,2 1, ,251 1,148 1,145 1,228 1, ,3 1,216 1, ,89 1,285 1,168 1,246 1,217 1,131 1, , ,18 1,254 1,415 1,555 1,427 1,345 1,335 1,335 1,241 1,243 1,251 1, ,319 1,41 1,71 1,719 1,712 1,684 1,62 1,515 1,316 1,414 1,233 1, ,47 1,676 2,64 2,766 2,44 1,978 1,916 1,71 1,652 1,742 1,593 1, ,259 1,881 2,188 2,285 2,391 2,257 2,28 1,961 1,877 1,766 1,528 1, ,672 1,796 2,25 1,928 2,19 1,712 1, ,94 1,192 1,217 1,191 2,53 1,777 1, ,79 Median Sale Price January 28 $25, $2, $15, $1, $5, $ 1997 $17, $11, $12,5 $14, $15, $17, $18, $13, $19, $112, $12,9 $15, 1998 $18, $13,9 $11, $11, $112,9 $117,9 $116, $112, $18, $19,5 $11, $111, $113, $19,5 $115,5 $115, $12, $127, $119,9 $114,95 $114, $112, $114,2 $117,5 2 $19,9 $112, $117, $118,9 $12, $124, $121, $12,94 $121,5 $119,9 $124,5 $12,5 21 $119, $116, $124,7 $129,5 $127,5 $129, $129, $129,9 $124,8 $123,5 $129, $125, 22 $125,73 $128,9 $127,678 $13,895 $139,5 $137,9 $138, $14, $132,825 $136, $14, $138, 23 $13,37 $139, $137,5 $144, $145, $152, $147, $147,5 $146, $15, $141, $145, 24 $148, $148,75 $156,5 $159, $161, $167,733 $165,3 $167, $168,5 $162,5 $175, $169, 25 $175,295 $185, $19, $196, $26, $219,5 $22, $219, $219, $224, $226, $22, 26 $215,875 $227, $218, $219,25 $221,25 $225, $225, $22,9 $21, $211,5 $218, $215, 27 $22,365 $22, $222, $224,941 $223,5 $229, $218,75 $22, $215, $21, $213, $21, 28 $23,5 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 6

7 JANUARY 28 RESIDENTIAL SALES STATISTICS Number of Sold Listings by Area Annual Comparison 5, 4,5 4, 3,5 3, 2,5 2, 1,5 1, 5 N NE NW XNW C E S SE SW XSW XS W XW 25 1,449 1,26 4, ,776 1, ,922 1, , , ,363 1,262 1,82 1,55 1, , , , , , YTD Average Sold per Area by # of Units Sold per Area by # of All All N $ 257,622 $ 382,68 $ 816,278 $2,287,5 $ 545,396 N NE $ 174,4 $ 366,433 $ 439,532 $ 376,8 $ 346,328 NE NW $ 29,163 $ 248,766 $ 41,565 $ 519,167 $ 288,894 NW XNW $ 37, $ 116,929 $ 66, $ 468,16 $ 138,961 XNW C $ 144,55 $ 244,838 $ 265,25 $18, $28,352 C E $ 133, $ 185,721 $ 266,179 $ 1,415, $ 266,5 E S $ 85,625 $ 15,142 $ 197,266 $ 262, $ 161,397 S SE $ 1,523 $ 197,538 $ 273,53 $ 35,647 $ 22,9 SE SW $ 88,822 $ 172,677 $ 174,556 $ $ 153,76 SW XSW $ 185,75 $ 28,724 $ 411, $ $ 22,442 XSW XS $ 149,88 $ 212,63 $ 257,963 $ 584,45 $ 239,15 XS W $ 91,5 $ 248,967 $ 411,9 $ $ 26,769 W XW $ $ 124,9 $ $ $ 124,9 XW 2 2 XNE $ $ $ $ $ XNE Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 7

8 JANUARY 28 RESIDENTIAL SALES STATISTICS Active Listings January 28 12, 1, 8, 6, 4, 2, ,215 4,331 4,344 4,359 4,42 4,513 4,58 4,74 4,73 4,76 4,543 4, ,559 4,85 4,79 4,613 4,525 4,387 4,382 4,468 4,626 4,776 4,674 4, ,771 4,714 4,739 4,569 4,524 4,363 4,412 4,446 4,579 4,683 4,576 4, ,623 4,59 4,414 4,186 3,981 3,854 3,784 3,812 3,941 4,21 3,888 3, ,16 3,982 3,938 3,91 3,848 3,876 3,98 4,2 4,229 4,546 4,481 4, ,716 4,78 4,69 4,478 4,255 4,179 4,1 4,128 4,448 4,64 4,528 4, ,859 4,456 4,953 4,868 4,747 4,772 4,778 4,837 4,968 5,13 5,67 4, ,172 5,221 5,264 5,24 4,754 4,628 4,64 4,59 4,799 4,821 4,694 4, ,856 4,75 4,668 4,55 4,37 4,123 3,926 3,927 3,976 3,838 3,633 3, ,47 3,262 3,493 3,64 3,882 3,969 4,62 4,45 4,84 5,33 5,554 5, ,499 7,174 7,577 8,131 8,423 8,725 8,955 9,41 9,297 9,336 9,238 8, ,742 9,847 1,185 1,387 9,721 8,665 8,692 8,954 9,19 9,313 9,234 8, ,168 Area # of Listings N 843 NE 423 NW 2,489 XNE 12 XNW 116 C 1,119 E 494 S 576 SE 73 SW 744 XSW 391 XS 646 W 544 XW 68 Active Listings Unit Breakdown Active Listings Price Breakdown TH/NC % CND/NC % SFR/NC CND/NC MH MSFR % MH % TH/NC MSFR SFR/NC 7, % 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, and over , 1,2 1,4 1, ,111 1,287 1,432 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 8

9 JANUARY 28 RESIDENTIAL SALES STATISTICS Average Days on Market/Listing January Area Avg. DOM N 15 NE 87 NW 87 XNE n/a XNW 43 C 78 E 92 S 77 SE 73 SW 8 XSW 84 XS 83 W 9 XW 57 Annual Comparison Average Days on Market/Listing Average Days on Market/Listing Breakdown Days % Days % 3 Days % Days % 31 6 Days % Days % Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 9

10 JANUARY 28 RESIDENTIAL SALES STATISTICS New Listings January 28* 4, 3,5 3, 2,5 2, 1,5 1, ,623 1,462 1,526 1,447 1,57 1,314 1,518 1,216 1,211 1,377 1, ,553 1,287 1,54 1,342 1,258 1,245 1,317 1,275 1,49 1,334 1, ,72 1,44 1,588 1,461 1,43 1,321 1,43 1,42 1,476 1,544 1, ,772 1,487 1,76 1,456 1,41 1,476 1,388 1,429 1,414 1,33 1, ,376 1,42 1,527 1,328 1,395 1,392 1,288 1,457 1,415 1,542 1, ,844 1,512 1,71 1,59 1,521 1,585 1,62 1,67 1,574 1,777 1,352 1, ,124 1,695 1,897 1,951 1,755 1,741 1,782 1,726 1,851 1,952 1,549 1, ,261 1,882 1,977 1,877 1,746 1,811 1,889 1,798 1,799 1,91 1,528 1, ,24 1,831 2,4 1,941 1,816 1,898 1,896 1,789 1,85 1,75 1,539 1, ,947 1,574 2,15 2,12 2,21 2,293 2,132 2,351 2,44 2,474 2,313 1, ,29 2,973 3,25 2,892 3,169 3,232 2,867 3,145 2,97 2,886 2,38 1, ,499 2,376 2,71 3,85 2,96 2,82 2,766 2,337 2,497 2,399 2,224 1, ,744 Area # of Listings N 359 NE 155 NW 97 XNE 4 XNW 42 C 48 E 22 S 223 SE 249 SW 241 XSW 19 XS 221 W 18 XW 24 *Includes properties that were re listed Misc. MLS Information January 28 Month #Expired WD Release WD Temp Re-Lists January , February 28 March 28 April 28 May 28 June 28 July 28 August 28 September 28 October 28 November 28 December 28 Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 1

11 JANUARY 28 RESIDENTIAL SALES STATISTICS Sale Price by Bedroom to ,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 4 or More Total ,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over 29,999 under 3, 39,999 4, 49,999 5, 59,999 6, 69,999 7, 79,999 8, 89,999 9, 99,999 1, 119,999 12, 139,999 14, 159,999 16, 179,999 18, 199,999 2, 249,999 25, 299,999 3, 399,999 4, 499,999 5, 749,999 75, 999,999 1,, over Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 11

12 Tucson Association of REALTORS, Real Estate Trend Indicator Tucson, AZ From: 1/1/28 to 1/31/28 Statistics generated on: 2/6/28 Residential Listing Statistics Active Listings Days on Market # Per Total Active Total Contingent Total Capa Total Pending Total Inventory Total Sold Area Area of Units Sold Under $29, N Days 126 $3, to $39, NE Days 141 $4, to $49, NW 2, Days 1 $5, to $59, XNE Days 87 $6, to $69, XNW Days 87 $7, to $79, C 1,119 Over 18 Days 53 $8, to $89, E 494 $9, to $99, S 576 $1, to $119, SE 73 $12, to $139, SW 744 $14, to $159, XSW 391 $16, to $179, XS 646 $18, to $199, W 544 $2, to $249, XW 68 $25, to $299, Sold Units per $3, to $349, N 56 $35, to $399, NE 27 $4, to $449, NW 148 $45, to $499, XNE $5, to $749, XNW 1 $75, to $999, C 73 $1,, to $1,249, E 4 $1,25, to $1,499, S 54 $1,5, to $1,999, SE 62 $2,, to $2,999, SW 39 $3,, and over XSW 19 XS 35 Totals 9, , W 29 XW 2 Jan. 28 Jan. 27 % Change YTD 28 YTD 27 % Change Home Sales Volume $158,272,6 $257,916, % $158,272,6 $257,916, % Home Sales Units % % Average Sales Price (All Residential) $266,45 $272, % $266,45 $272, % Median Sales Price $23,5 $22, % $23,5 $22, % Average Days on Market: % % Average List Price for Solds: $282,578 $282,71.5% $ 282,578 $ 282,71.5% SP/LP % 94.29% 96.34% 94.29% 96.34% Pending Contracts(Not yet closed in escrow) 1, % Active Listings 9,168 9, % New Listings 3,744 3,499 7.% Avg. Days on Market 83 Avg. Sold Price $266,45 Avg. Median Price $23,5 charts are an approximation of the flow of business as observed through the Tucson Association of Realtors Multiple Listing Service. This report does not represent all real estate activity in the area as it does not include unrepresented sales, commercial sales or a substantial portion of new home sales. Though the data and materials presented here are deemed to be substantially correct, neither the Tucson Association of Realtors nor the MLS guarantees nor is in any way responsible for its accuracy. Copyright 28 Tucson Association of REALTORS Multiple Listing Service, Inc. 12