Multiple Listing Service of Southern Arizona Monthly Statistics February 2018

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1 For Immediate Release: March 8, 18 CONTACT: Judith Grammond MLSSAZ President (5) Sean Murphy Executive Vice President (5) 8-87 Randy Rogers CEO, MLSSAZ (5) 7-18 Multiple Listing Service of Southern Arizona Monthly Statistics 18 In August 17, 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 August 17 Sales Statistics produced for TAR, MLSSAZ recalculated and adjusted figures dating back to April of 1 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 $7,1,575 is up from last month s number of $7,851,8 a 18.51% increase. The Average Sales Price of $,5 is an increase of.% from $,1 in. Average List Price increased to $55,6 from $,7 last month, a.1% change. Total Under Contract increased from 1,8 in to 1,8 this month. Total Unit Sales of 1,8 are up 15.81% from s 6 but are down.% from 17. The Median Sales Price of $7, rose from $, last month, a.5% increase and is up 6.7% from this time last year when it was $1,. Average Lifestyle List Opportunities: Price increased.8% 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 decreased to 1,776 from,1 last year, a 1.% drop. Total Active Listings of, is down.% from,75 in. Average Days on Market held at, exactly what is was last month. Conventional loan sales of.7% exceeded Cash Sales of 7.8%. Judith Grammond Ginny Huffman 18 MLSSAZ President 18 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, 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 1 code of ethics.

2 18 Recap by Month and Year - % of Change Total Sales Volume Total Unit Sales 18 $7,1,575 $7,851, % 17 $55,6,7 $1,, % 5.6%.% 18 $,5 $,1.% 17 $,7 $,81.% 8.% 1.5% 18 $55,6 $,7.1% 17 $,8 $,156.% 1.57% 1.5% 18 1,8 1,8.6% 17,8 1,86.% -1.6% -.% Average Sales Price 17 1, 1,.8% -.% -6.% 18 $7, $,.5% 17 $1, $185,.86% 6.7% 8.% 18 1,776,1-1.% 17,77, -.76% -1.% -.5% 18,,75 -.% 17,5,7.% -.% -.% Median Sales Price Average List Price 18 1, % New Listings Total Under Contract Active Listings 18 - Active and Sold by Zip Code Zip Code # Active # Sold %.% 8.%.%.%.%.%.%.% 1.% 5.% 1.%.%.75% Zip Code # Active # Sold %.%.% 8.71%.% 15.1%.5%.6%.%.%.%.8% 1.1%.5% Zip Code # Active 85 # Sold %.6% 7.7%.7% 8.18%.% 1.% 1.56%.57%.%.%.%.5% 18.1% Zip Code # Active 6 1 # Sold %.% 5.7%.55% 5.5% 8.1% 1.8% 6.8% 5.76% 1.6%.6% 1.%.18%.1%

3 Tucson Association of REALTORS, Real Estate Trend Indicator Tucson, AZ From: /1/18 to /8/18 Statistics generated on: /5/18 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 $, 7 1 C 1 - Days $, to $, E Days 171 $, to $, 16 6 N 8 - Days 1 $5, to $, NE Days $6, to $6, NW Days 6 $7, to $7, S 1 Over 18 Days $8, to $8, 5 17 SE 85 Avg. Days on Market $, to $, SW 178 $1, to $, UNW 1 Avg. Sold Price $1, to $1, USE 16 $,5 $1, to $1, W Median Sale Price $16, to $17, XNE 16 $7, $18, to $1, XNW New Listings $, to $, XSE 1,776 $5, to $, XSW $, to $, XW 1 $, to $, Sold Units per Area Sales Volume by Area $5, to $7, C 1 $1,1, $75, to $, E 1 $5,171, $1,, and over N $51,,668 NE $1,5,8 NW 1 $,,5 S $7,1,17 SE $,1,8 SW 6 $1,,8 UNW 7 $,6,5 USE $15,556,867 Totals, 1,6 5,1 1,8 W 86 $1,,7 XNE $56, Feb-18 Feb-17 % Change YTD 18 YTD 17 % Change XNW 8 $1,6, Home Sales Volume $7,1,575 $55,6,7 5.6% $7,871,6 $6,,7.% XSE $ Home Sales Units 1,8 1, -.%,,5 -.% XSW $5,5 Average Sales Price (All Residential) $,5 $,7 8.% $6,6 $5,5.% XW $7,57,16 Median Sales Price $7, $1, 6.7% $,5 $18,5 7.% Total Volume $7,1,575 Average Days on Market: 51 -.% 51 -.% Average List Price for Solds: $55,6 $,8 1.57% $5,6 $6,.5% Types of Financing Totals SP/LP % 7.%.5% 7.8%.5% FHA 18 Total Under Contract 1,8,8-1.6% VA 6 Active Listings,,5 -.% Other 18 New Listings 1,776,77-1.% Cash 1 Conventional 6 Cash/Loan Carryback 1 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 18 Multiple Listing Service of Southern Arizona

4 18 RESIDENTIAL SALES STATISTICS Total Unit Sales 18 1,8 1,6 1, 1, 1, Unit Sales Breakdown by Type 6 6.7% 8.% 1 1.% 8.% 7 1, 1,18 1,18 1,78 1,18 1, ,15 1,7 1, , 1,185 1,5 1,8 7 1,6 1, ,16 1,7 1,7 1, ,16 1,15 1, 1,1 1,1 1,16 1,6 8 1, ,1 1,87 1,76 1,18 1,6 1,17 1,17 8 1, , 1, 1,7 1, 1,6 1,5 1,51 1,1 1, , 1, 1,1 1,17 1,7 1, ,1 1, 1, 1, 1,6 1,1 1, 1, 87 1, , 1,6 1,86 1,87 1,8 1,5 1,6 1,166 1,1 1,1 17 1, 1, 1,6 1, 1, 1,58 1,88 1,6 1,1 1,1 1,1 1, ,8 Total Unit Sales By Type - Monthly Comparison % YTD Annual Comparison Breakdown by Type 1, 1, 1, 1, 1, 1, 1, 1, 8 8, 8 6 6, 6,, Jul-17 Aug-17 Sept-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 1,5 1, Total 1 Total 15 Total 16 Total 17 YTD 18 1,7 1,87 1, 1, ,1 1,16 1, 1, Copyright 18 Tucson Association of REALTORS

5 18 RESIDENTIAL SALES STATISTICS Total Sales Volume 18 $5 $ $5 $ $5 $ $15 $1 $5 $ 7 $57,16, $,56,15 $6,7, $67,16,71 $5,81,716 $,6,6 $16,5,15 $6,6, $,, $,8,67 $16,1, $1,6,6 8 $16,675,7 $18,1,1 $,688,7 $55,75, $6,871,68 $75,81,555 $,87,6 $17,,75 $8,76,81 $186,56,1 $1,7,1 $1,, $16,78,15 $15,7,6 $188,,8 $17,86,85 $8,,15 $5,8,7 $,6, $1,81,66 $1,1,7 $7,5,66 $1,56, $17,,88 1 $1,68, $15,, $5,7,8 $5,8,76 $6,,78 $1,, $15,1,688 $16,5, $1,56, $1,,6 $1,8,77 $16,6, $1,, $16,1,8 $,6,186 $,5,57 $1,6,577 $1,,75 $1,,8 $171,67,71 $16,,86 $1,78,87 $16,81,7 $155,17,6 1 $1,78,85 $167,6,15 $,8,6 $,78, $,15,67 $1,81,678 $6,, $1,,687 $17,755,1 $188,86,88 $181,,177 $17,6,61 1 $1,,77 $177,,78 $55,1,6 $5,8, $7,55,1 $7,71,16 $,7, $,6,5 $18,68,66 $17,,776 $178,15,6 $1,1,5 1 $168,6, $188,15,1 $6,7,8 $7,76,7 $,,18 $57,85, $5,77, $1,86,17 $16,8,7 $1,85,8 $17,5,6 $5,86,1 15 $15,85,61 $181,17,6 $,,8 $6,685, $8,8,68 $,7,786 $,,7 $8,,67 $7,,8 $5,,68 $176,81,1 $5,1,77 16 $15,87,577 $,517,66 $1,88, $1,5,76 $,5,51 $57,7,5 $86,1,71 $,6, $75,51,6 $56,77,86 $55,666,55 $,16,51 17 $1,,1 $55,6,7 $5,7, $16,66,86 $,,81 $71,, $7,1,77 $1,76,78 $,15, $88,8, $7,6,1 $76,1,7 18 $7,851,8 $7,1,575 Total Sales Volume By Type - Monthly Comparison Monthly Volume by Type $ $5 $8,1,8.1% $ $18,78, % $15 $5,1,56 1.% $85,5.1% $1 $5 $ Sept-17 Oct-17 Nov-17 Dec-17 Jan-18 Feb-18 $7,5,15 $5,6,1 $,,515 $8,6,7 $,57,57 $7,8,7 $17,61,5 $,81,1 $18,5,7 $1,67,75 $15,6,7 $18,78,51 $5,1,1 $6,, $6,85, $6,,5 $6,,1 $8,1,8 $6,5, $5,5,5 $,17, $6,77,1 $,7,7 $5,1,56 $7,5 $85, $5,7 $877, $77, $85,5 $7,8,7 87.5% Copyright 18 Tucson Association of REALTORS 5

6 18 RESIDENTIAL SALES STATISTICS Average Sales Price 18 $5, $, $5, $, $15, $1, $5, $ 7 $7,51 $,516 $7,68 $78,577 $78, $, $67,88 $7,5 $7,66 $,557 $66,7 $57,16 8 $,178 $6,7 $,85 $51,71 $5,16 $57,7 $5,85 $5,755 $16,76 $6,5 $15,168 $,8 $6,5 $1,15 $,7 $,5 $,86 $7,8 $1,76 $18, $16, $15, $188,8 $,76 1 $1,1 $15,6 $1,71 $1,86 $1,88 $18,1 $1,7 $186,56 $181, $177,1 $18,76 $186, $166,8 $18,88 $16, $17,81 $168,5 $167,17 $17, $15, $15,6 $151,81 $1, $1,1 1 $157, $16,51 $168,15 $175,766 $17,87 $17,7 $181,78 $18,1 $18,1 $175,85 $18,5 $18, 1 $18,78 $186,8 $,881 $1,16 $1,156 $16,76 $17, $,8 $18, $1, $,76 $, 1 $17,6 $16,1 $, $1,6 $, $15,1 $, $7,68 $,77 $1,15 $,5 $7,5 15 $16, $1,8 $1,8 $1, $,87 $, $1,5 $1,66 $,86 $15,6 $1, $15,1 16 $,8 $,57 $16,6 $,8 $18,77 $,1 $,176 $,7 $, $,8 $,1 $,5 17 $,81 $,7 $, $7,76 $5,5 $,1 $,6 $8,76 $,6 $8, $6,7 $8, 18 $,1 $,5 Average Sales Price by Type 18 Average Listing Price per Area 18 $5, $5, $, $18, 1.8% $6,66.6% $75,6 5.8% $,1 $5, $17, $1,6 $8, $, $5, $,88 $5,8 $1,51 $,5 $1,6 $, $16, $176,8 $167,5 $1, $1, $15, $1, $7,86 15.% $17,8 5.7% $5, $ C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW Copyright 18 Tucson Association of REALTORS 6

7 18 RESIDENTIAL SALES STATISTICS Median Sale Price by Type $,.55% $,.8% $, 16.17% $6, 17.18% $1,.5% Median Sale Price 18 $5, $, $15, $1, $5, $ 7 $, $1,5 $,815 $,1 $, $5, $17, $,5 $15, $1, $1, $1, 8 $, $1, $, $15, $, $, $1, $185, $18, $18, $177, $168, $16, $177,75 $1, $16,5 $16, $1, $16, $16,5 $16, $1, $16,5 $15,6 1 $16, $15, $157,68 $1, $151, $1,5 $15, $15,75 $15,855 $1, $1, $1,5 $1,5 $17, $15, $1, $17, $16, $15, $1, $7,5 $1, $1, $1, 1 $15, $15, $1, $1, $1, $1, $1, $15, $1,5 $1, $1,67 $1,5 1 $15, $1, $15,5 $157, $156,5 $16, $1, $16,5 $155, $155, $1,5 $157, 1 $157,5 $1, $16, $1, $16, $168,815 $17, $16, $167, $168, $1,71 $1, 15 $16, $16, $175, $17, $17,75 $175, $175,75 $175, $17,5 $175, $17, $178, 16 $16, $168, $177,5 $176, $17, $1, $181,5 $185, $177, $178, $18, $17, 17 $185, $1, $17, $15, $1,5 $5, $15, $1, $6,15 $1, $7,57 $5, 18 $, $7, Copyright 18 Tucson Association of REALTORS 7

8 18 RESIDENTIAL SALES STATISTICS Newly Under Contract During The Month,5,,5, 1,5 1, , 1,1 1,17 1,,5 1,777 1, ,7 1,17 1,1 1,5 1, , 1,8 1,5 1, 1, 1,7 1,7 1, 1, ,1 1,18 1,8 1, ,17 1,5 1,6 1,87 1,6 1, 1,68 1,75,86,5,,1 1,875 1, 1, ,5,777,5,6,78,668,6,8,,1,7 1,,7,7,8,76,,, 1,1 1,816 1,76 1,5 1 1,87,,1,157,68 1,6 1,8 1,5 1,68 1,68 1, 1, 15 1,76 1,,,6,5, 1,7 1,86 1,77 1,8 1,8 1, 16 1,8 1,1,5,1,58,1,1,1,,1 1, 1,77 17,6,1,5,5,78, 1,87 1,6 1,68 1,676 1,55 1,6 18 1,8,1 Total Listings Still Under Contract At The End of The Month,,5,18,8,86,,6,55,177,8,,, 1,5,,181, 1,86 1,8 1,8 1,775 1,8 1,6 1,1 1, 1, 1,51 1,5 1, 1, 5 Feb-18 Jan-18 Dec-17 Nov-17 Oct-17 Sep-17 Aug-17 Jul-17 Jun-17 May-17 Apr-17 Mar-17 Feb-17 Jan-17 Dec-16 Nov-16 Oct-16 Sep-16 Aug-16 Jul-16 Jun-16 May-16 Apr-16 Mar-16 Feb-16 Copyright 18 Tucson Association of REALTORS 8

9 18 RESIDENTIAL SALES STATISTICS Number of Sold Listings by Area Annual Comparison,5,,5, 1,5 1, 5 C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW Total 1 1,7 1, 1,55 66, Total 15,1 1,7 1,1 6, , Total 16, 1,78 1,56 717, , Total 17,6 1,718 1, 86, , 51 1, YTD Average $ Sold per Area by # of Units Sold per Area by # of - 5+ All C $1,6 $,6 $6,88 $,8 $18, All C E $,6 $17,1 $57,67 $6,5 $187,85 E N $5,1 $,666 $56, $6,88 $,867 N 5 7 NE $11,5 $1,878 $15,8 $8,5 $,86 NE 1 1 NW $1,8 $5,81 $1,87 $,56 $1,771 NW S $1,16 $16,7 $17,8 $11,1 S 1 5 SE $15,66 $1,77 $56,7 $51, $8,8 SE SW $86,757 $167, $,7 $5, $16,5 SW UNW $15, $7,66 $6,8 $8,5 $, UNW USE $, $, $56,17 $8,86 $,6 USE W $16, $,5 $7,5 $18, $1,5 W 1 86 XNE $68,5 $68,5 XNE XNW $15,875 $171, $16,7 XNW 8 XSE XSE XSW $155, $5,5 $15,166 XSW 1 XW $71,86 $16, $,88 $175, XW 5 15 Copyright 18 Tucson Association of REALTORS

10 18 RESIDENTIAL SALES STATISTICS Active Listings Area 1, 8, 6,,, 7,7,8 1,185 1,87,71 8,6 8,6 8,5,1,1, 8,78 8,168,168, 8,88 8,57 8,1 7,876 7,76 7,8 7,88 7,6 7,67 7,6 7,5 7,15 6,8 6,56 6, 6,75 6,6 6,8 6,1 6,5 6,1 1 6,8 6,7 6,7 6,6 6,7 6,85 6,668 7,17 7,17 7,1 7,55 6,8 7,1 6, 6,7 6,6 5,75 5,566 5,1 5,167 5,155 5, 5,, 1,8,56,168,77,5,,7,56,85,15,, 1,,5,1,7,5,5,,,717 5,17 5,86 5,15 1 5,7 5,71 5,75,81,86,76,675,67, 5,1 5,, 15 5,17 5,7 5,16,,7,5,77,,66,575,8,71 16,56,55,8,68,8,78,56,5,7,68,6, 17,7,5,76,6,1,51,8,5,7,68,1,5 18,75, Active Listings Unit Breakdown 7.8%.7% 1.1%, - under, -,, -, 5, -, 6, - 6, 7, - 7, 8, - 8,, -, 1, -, 1, - 1, 1, - 1, 16, - 17, 18, - 1,, % Active Listings Price Breakdown 1.8% # of Listings C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW 1, , -, 5, -, 55, -, 8, -, 5 5, - 7, 6 75, -, 1,, and over Copyright 18 Tucson Association of REALTORS 1

11 18 RESIDENTIAL SALES STATISTICS Sold Price Breakdown, - under, -,, -, 5, -, 6, - 6, 7, - 7, 8, - 8,, -, , -, 7 1, - 1, 8 1, - 1, 16, - 17, 18, - 1, 16, -, 11 5, -,, -,, -, 5, - 7, 17 75, -, 1,, and over 7 Copyright 18 Tucson Association of REALTORS

12 18 RESIDENTIAL SALES STATISTICS Average Days on Market/Listing 18 1 Area Annual Comparison - Average Days on Market C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW # of Listings Average Days on Market/Listing Breakdown Days 8.5% Days.1% - Days 1 1.% Days % 1 - Days 1 5.6% Days 6 5.% Copyright 18 Tucson Association of REALTORS 1

13 18 RESIDENTIAL SALES STATISTICS New Listings 18,5 Area,,5,,5, 1,5 1, 5 7,,76,71,85,6,8,766,7,7,, 1, 8,7,,,1,8,5 1,67 1,5,, 1,5 1,51, 1,7 1,8 1,7 1,7 1,8 1,8 1,85 1,857,8 1,56 1,5 1,,1,,6 1,6 1,55 1,8 1,55 1,68 1,7 1, 1,71 1, 1,87 1,6 1,6 1,51 1,7 1, 1,6 1,56 1,8 1, ,1 1,7 1,71 1,7 1,56 1,57 1,8 1,5 1,6 1, 1,1 1,57 1 1,8 1,7 1,1 1,7 1,76 1,78 1,71 1,81,1,16 1,751 1,86 1,8,85,16 1,87 1,8 1,868 1,668 1,876,7 1,87 1, 1,6 15,,178, 1,86 1,56 1,85 1,6 1,857 1,1 1,85 1,567 1,57 16,18,7,8 1,88 1,86 1,781 1,55 1,7 1,78 1,888 1, 1,16 17,,77,76 1,85 1,18 1,8 1,6 1,56 1,86 1,86 1, 1,7 18,1 1,776 # of Listings C E N NE NW S SE SW UNW USE W XNE XNW XSE XSW XW *Includes properties that were re-listed **Beginning December 1, 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 May 17 June 17 July 17 Aug 17 Sept 17 Oct 17 Nov 17 Dec 17 Jan 18 Feb Temp Off Mkt Copyright 18 Tucson Association of REALTORS 1

14 18 RESIDENTIAL SALES STATISTICS Notes on 17 Area Boundary Updates In 18, 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 18 Sales Statistics produced for TAR, MLSSAZ re-calculated and adjusted figures dating back to April of 1 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 1, 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 1 was reassigned to the Central area. Southeast Metro Tucson Rita Ranch and Vail areas on the north side of Interstate 1 were assigned to a new area named Upper Southeast. Territory on the south side of Interstate 1 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 re-assigned 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 18 Tucson Association of REALTORS 1