April 26 For Immediate Release: May, 26 Contact: Paul Olson, President, (52) 79-2965 Rick Hodges, Chief Executive Officer (52) 382-8773 MLS Month in Review Tucson Association of REALTORS Multiple Listing Service, Inc. The Voice for Real Estate in Tucson 2445 N. Tucson Blvd. Tucson, Arizona, 8576 April 26 Residential Home Sales In a Real Estate market that is in the middle of a correction, it s interesting to note that the unique nature of Tucson real estate does not follow the average up and down cycle seen in many other communities. People chose to live in Tucson because they want to. Tucson real estate retains value. The April 26 Statistical Report reflects the above. In the last 2 months, sales volume continues to show an increase. Average sale price shows an increase from April last year. Average days on market is still at 45 for the last 4 months. New listings continue to appear, however this is simply giving the buyer more choice in the marketplace. Our market remains healthy Paul Olson, 26 Tucson Association of REALTORS Multiple Listing Service President Home Sales Volume: Increased.6% from $367,27,423 in April, 25, to $46,93,433 in April, 26. Home Sales Units: Decreased.54% from,489 units sold in April, 25, to,466 units sold in April, 26. Average Sale Price (all residential types): Increased 2.33% from $246,656 in April, 25, to $277,76 in April, 26. Median Sale Price (the price at which half the homes were sold above and half below): Increased.86% from $ 96, in April, 25, to $29,25 in April, 26. Average Sale Price (single family residences): Increased 7.3% from $262,54 in April, 25, to $37,42 in April, 26. Average Days on Market: Increased from 35 in April, 25, to 45 in April, 26, with 48.6% of all closed listings selling in the first 3 days on the market. Pending Contracts (transactions subject to contract but not yet closed escrow): Decreased 5.62% from 2,285 in April, 25, to,928 in April, 26. Active Listings: Increased 23.38% from 3,64 in April, 25, to 8,3 in April, 26. New Listings: Increased 36.42% from the 2,2 listings added in April, 25, to the 2,892 listings added during April, 26. The Tucson Association of REALTORS Multiple Listing Service, Inc. is a wholly owned subsidiary of the Tucson Association of REALTORS. With more than 6,3 members, it is affiliated with the Arizona Association of REALTORS and the NATIONAL ASSOCIATION OF REALTORS. Only members of the Association can use the term REALTOR. Its members provide professional real estate services to buyers and sellers and adhere to the organization s strict professional Code of Ethics.
Total Unit Sales April 26:,466 Units 2 5 5 SFR 27 76.9% MH 6.% TH/CND 323 22.% 997 59 572 736 788 779 86 85 75 728 732 56 675 998 593 69 858 89 935 2 6 839 83 78 77 844 999 635 732 964 67 5 232 98 57 884 88 793 796 2 662 85 6 26 3 938 36 872 82 848 74 2 698 759 69 48 225 75 92 2 857 9 772 774 22 743 845 42 63 299 6 66 63 942 883 22 23 86 899 2 249 336 299 3 287 93 73 965 8 24 929 24 346 55 533 78 53 468 274 295 29 283 25 86 343 525 489 679 858 584 795 44 368 29 24 26 944 58 5 466 Total Sales Volume April 26: $46,93,433 6 5 4 3 2 23 24 25 26 SFR $346,453,869 85.3% 997 7339648 7472728 95289 984254 262583 8254679 798775 96247228 29467 2568 75573363 924399 998 793862 794 837733 223689 33256 55884 4643685 272772 426 98537 25268 92333 999 985839 3263942 439722 4993588 73263 96838947 62676286 5274956 235396 257966 4233968 986586 2 9583543 72353 689526 57775876 88337 8274 478384 66378 3589546 23679783 376829 228848 2 635363 3845495 6466285 7877649 2246839 9665736 9952998 84892938 36367878 3988753 2635878 27954374 22 62759 3937524 673455 95297868 2375237 9679945 9924976 8973534 536452 8533965 585892 8736892 23 344494 574523 899425 22654778 24263693 2549926 239869659 229975433 224633625 2853466 66474979 89933748 24 67329 92399367 279256758 38689 3438474 365563448 338469 39668 26433778 273555472 258237295 27353687 25 249636 3457365 36359788 36727423 43458474 49724359 4235542 477375669 35453292 355266466 32488934 33374 26 25836362 2989484 42394592 4693433 23 24 25 26 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc. MH $,89,.3% TH/CND $58,55,464 4.4%
Average Sale Price April 26: $277,76 3 25 2 5 5 997 35529 3642 29372 24543 346 32665 32499 2859 37664 3666 3472 33695 998 33757 28273 37888 37484 42355 5287 3848 34359 32579 375 3333 4233 999 44659 47 4928 452 542 59772 4857 4447 3978 42782 4453 5585 2 4476 45495 5985 5624 59929 6464 576 54499 55838 5829 62274 62333 2 52368 49994 5434 645 6523 62269 6739 67779 5922 52955 56264 6536 22 56489 64873 6596 67926 7847 6959 7853 7849 6358 66822 7954 83 23 5645 67676 7683 8357 859 95688 8455 7869 88293 863 7253 7572 24 7996 8789 27472 26552 2576 22784 2666 254 2748 224 23596 2396 25 22943 23423 238367 246656 258835 25755 26294 265947 25255 259698 265947 26673 26 27369 274948 282439 27776 23 24 25 26 $35, $3, $25, $2, $5, $, $5, $ SFR TH/C MH Avg SP $37,42 $8,27 $74,39 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
AVERAGE SALE PRICE PER AREA BY # BEDROOMS -2 Brdrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms N $23,6 $49,993 $865,6 $,7,722 $47,247 NE $62,93 $364,476 $53,42 $373,25 $392,2 NW $243,542 $3,98 $472,735 $482,348 $337,238 XNW $95,529 $23,555 $63,72 $49,77 C $66,932 $226,9 $37,382 $,5, $228,465 E $55,582 $234,88 $265,4 $46, $29,63 S $,773 $69,728 $8,68 $233,79 $64,75 SE $5,57 $243,69 $299,762 $572, $254,742 SW $9,78 $87,52 $232,3 $35,778 $86,585 XSW $26,473 $23,425 $23,375 $22,45 XS $236,738 $274,345 $325,246 $78,5 $279,975 W $29,3 $29,852 $379,542 $645,469 $24,78 XW $279,95 $3,77 $64,9 $53,693 CCO $29,278 $83,658 $82,5 $48,89 CPI $32,675 $9,639 $287,333 $234,37 CSC $376,337 $64, $433,5 TOTAL $84,35 $255,888 $4,64 $83,48 $277,76 NUMBER OF SOLD LISTINGS PER AREA BY # BEDROOMS -2 Brdrooms 3 Bedrooms 4 Bedrooms 5+ Bedrooms All Bedrooms N 33 37 27 9 26 NE 2 35 24 8 87 NW 59 49 72 9 289 XNW 3 9 7 9 C 64 82 22 69 E 3 56 7 4 S 46 5 3 75 SE 4 77 45 37 SW 23 67 3 2 23 XSW 22 8 4 34 XS 8 25 3 47 W 36 47 2 2 97 XW 2 2 5 CCO 8 2 3 CPI 8 8 3 29 CSC 3 4 TOTAL 45 683 295 37,466 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
Median Sale Price April 26: $29,25 25 2 5 5 997 7 25 4 5 7 8 3 9 2 29 5 998 8 39 29 79 6 2 8 95 965 999 3 95 55 5 2 27 99 495 4 2 42 75 2 99 2 7 89 2 24 2 294 25 99 245 25 2 9 6 247 295 275 29 29 299 248 235 29 25 22 2573 289 27678 3895 395 379 38 4 32825 36 4 38 23 337 39 375 44 45 52 47 475 46 5 4 45 24 48 4875 565 59 6 67733 653 67 685 625 75 69 25 75295 85 9 96 26 295 22 29 29 224 226 22 26 25875 227 28 2925 23 24 25 26 $25, $2, $5, $, $5, $ SFR TH/C MH Med SP $238,5 $65,4 $6,75 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
% Change: SFR Unit Sales Unit (#) Sales 4 2 8 6 4 2 3.% 25.% 2.% 5.%.% 5.% Percentage (%) Change Jan Feb Mar Apr 25 949 58 329 272 26 762 872 25 27 % Change 24-25 9.7% 24.7% 9.3%.4% Month % Change: SFR Avg Sale Price.% 35 25.% Value ($) 3 25 2 5 5 Jan Feb Mar Apr 25 24285 245947 252542 26254 26 296332 2978 3742 3742 % Change 25-26 22.% 2.8% 2.7% 7.3% Month 2.% 5.%.% 5.%.% Percentage (%) Change Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
Terms of Sale: April 26 CASH 4.7% OTHR.% VA 2.2% COCB.3% ARM.% FHA.6% CONV 8.% Total Listings Under Contract* Reported April 26:,928 3 25 2 5 5 997 699 766 9 85 87 859 856 775 765 69 72 63 998 88 887 2 76 99 95 946 898 885 964 85 65 999 86 96 25 48 45 228 88 957 954 859 93 624 2 689 3 26 39 973 954 969 896 83 846 84 649 2 887 89 285 68 246 27 3 48 9 92 84 22 8 254 45 555 427 345 335 335 24 243 25 7 23 39 4 7 79 72 684 62 55 36 44 233 4 24 47 676 264 2766 244 978 96 7 652 742 593 282 25 259 88 288 2285 239 2257 228 96 877 766 528 236 26 672 796 225 928 23 24 25 26 * Note: Data includes listings under contract that remained active on the market Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
Active Listings April 26: 8,3 8 6 4 2 997 4559 485 479 463 4525 4387 4382 4468 4626 4776 4674 4657 998 477 474 4739 4569 4524 4363 442 4446 4579 4683 4576 457 999 4623 459 444 486 398 3854 3784 382 394 42 3888 3777 2 46 3982 3938 39 3848 3876 398 42 4229 4546 448 4422 2 476 478 469 4478 4255 479 4 428 4448 464 4528 4597 22 4859 4456 4953 4868 4747 4772 4778 4837 4968 53 567 486 23 572 522 5264 524 4754 4628 464 459 4799 482 4694 4639 24 4856 475 4668 455 437 423 3926 3927 3976 3838 3633 3383 25 347 3262 3493 364 3882 3969 462 445 484 533 5554 5457 26 6499 774 7577 83 23 24 25 26 Active Listing Price Breakdown April 26: Average Price: $364,35 MH SFR 83.% 6939 85.3% TH/C 9 3.6% April 26 Area Listings N 728 NE 48 NW 99 XNE 3 XNW 5 C 49 E 452 S 43 SE 696 SW 68 XSW 25 XS 459 W 398 XW 69 CCO 2 CGI 2 CGE CMA 5 CPI 267 CSC 92 CYA PE 6 PNW PS 6 PSW MEX 9 ZZZ 29,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over 3 9 9 5 38 9 79 94 42 265 363 43 66 56 96 36 682 675 244 294 2 4 6 8 2 4 6 8 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
Average Days on Market April 26: 45 Days 7 6 5 4 3 2 997 86 86 79 8 77 8 75 7 76 78 76 8 998 86 79 72 72 66 7 69 67 7 7 64 73 999 74 75 66 64 6 62 62 6 58 56 59 62 2 65 64 59 57 5 49 53 5 5 53 5 56 2 62 6 55 55 49 49 47 46 5 47 48 56 22 6 6 53 52 49 47 5 52 52 5 5 56 23 59 55 57 53 52 53 52 52 5 56 53 52 24 56 6 6 64 52 47 43 4 39 4 43 4 25 45 39 37 35 3 28 26 26 3 3 34 39 26 44 45 45 45 23 24 25 26 April 26 Area DOM N 4 NE 46 NW 47 XNW 66 C 39 E 35 S 34 SE 47 SW 48 XSW 37 XS 42 W 42 XW 63 CCO 9 CPI 79 CSC 53 April 26 Average Days on Market Breakdown 6-9 Days 8.3% 3-6 Days 3.5% 9-2 Days 5.% 2-8 Days 4.3% 8+ Days 2.3% - 3 Days 48.6% Average % of List Price Received on Solds by Market Time - April 26 2% % 8% 6% 4% 2% % -3 Days 3-6 Days 6-9 Days 9-2 Days 2 + Days Avg % LP/SP 98.37% 98.4% 95.58% 96.55% 95.93% Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
Sales Price Breakdown by Bedrooms 29,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price 5 6 5 22 6 27 8 4 8 34 37 43 6 66 75 2 4 6 8 29,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price 2 2 2 3 5 5 6 27 39 6 2 29 56 5 75 8 93 8 5 5 2 25 29,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price 3 4 5 5 8 8 9 35 3 49 62 67 2 3 4 5 6 7 8 29,999 - under 3, - 39,999 4, - 49,999 5, - 59,999 6, - 69,999 7, - 79,999 8, - 89,999 9, - 99,999, - 9,999 2, - 39,999 4, - 59,999 6, - 79,999 8, - 99,999 2, - 249,999 25, - 299,999 3, - 399,999 4, - 499,999 5, - 749,999 75, - 999,999,, - over Sale Price 3 6 8 8 4 3 22 44 24 2 74 9 24 59 5 25 82 65 39 5 5 2 25 3 35 Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc.
35 3 25 2 5 5 New Listings April 26: 2.892 April 26 997 553 287 54 342 258 245 37 275 49 334 57 98 998 72 44 588 46 43 32 43 42 476 544 297 947 999 772 487 76 456 4 476 388 429 44 33 265 89 2 376 42 527 328 395 392 288 457 45 542 358 892 2 844 52 7 59 52 585 62 67 574 777 352 5 22 224 695 897 95 755 74 782 726 85 952 549 9 23 226 882 977 877 746 8 889 798 799 9 528 23 24 224 83 24 94 86 898 896 789 85 75 539 27 25 947 574 25 22 22 2293 232 235 244 2474 233 638 26 329 2973 325 2892 23 24 25 26 New Construction* -Sold Information- April 26: 77 Units *Note: This information represents only New Construction Listings entered in the MLS. Copyright 26 Tucson Association of REALTORS Multiple Listing Service, Inc. Area New N 23 NE 53 NW 728 XNE XNW 28 C 379 E 22 S 47 SE 262 SW 242 XSW 6 XS 4 W 35 XW 5 CCO 56 CPI 77 CSC 6 PE PNW PS 2 SOR MEX 3 ZZZ Month Units Sold Sold Volume Average Price Median Price 22 Totals 79 6,84,55 225,93 58,87 23 Totals 478 8,7,72 226,3 73,85 24 Totals 583 38,98,76 258,329 92,272 Jan 25 3 8,72,44 29,8 22,473 Feb 25 42 6,922,33 42,96 265,423 Mar 25 49 4,,238 285,923 22,38 Apr 25 37 3,64,76 368,668 269,664 May 25 63 9,45,839 38,29 238, June 25 56 6,89,324 3,63 227,58 July 25 59 9,944,379 338,4 249,49 Aug 25 57 7,26,83 32,5 227,383 Sep 25 63 2,32,39 335,433 253,7 Oct 25 49 3,43,555 273,542 26,667 Nov 25 37,934,443 322,553 226,5 Dec 25 38,594,734 278,89 226,897 25 Totals 58 83,798,84 36,894 233,72 Jan 26 3 9,4,525 29,662 27,994 Feb 26 33 8,99,364 272,435 27,734 Mar 26 76 25,662,349 337,662 27,963 Apr 26 77 27,934,668 362,788 244,535 26 Totals 27 7,628,96 33,87 223,93