Tucson Real Estate Blogs » April 2008 Preliminary Sales Report

Tucson Real Estate & Golf Properties

Douglas Trudeau , Assoc. Broker
Prudential Foothills Real Estate
64 N. Harrison Road, Suite 160
Tucson , AZ 85748
Mobile: 520-954-2209
Contact Me

April 2008 Preliminary Sales Report - Tucson Real Estate

April was a pretty good month for sales. As of this writing there have been 907 recorded home sales through the MLS. Of course, reporting so earlier not all the sales have been reported to the MLS. So we can expect the numbers to be a little higher. The lowest sales price was $26,000, with the highest at $2,715,000. The unofficial average was $251,764 with a median of $196,500. There are still 8,729 homes without any offers on them. Another 1,812 homes with offers waiting to close escrow.

Compared to the average and median sales prices of March, the average price dropped by $7,446 and the median price dropped by $3,500 from $259,210 and $200,000 respectively. Official numbers will be out in a few weeks. At least we have an idea of what to expect from these preliminary numbers.

For Golf Properties, there were 31 unofficial sales. The average and median sales prices were $480,499 and $383,750 respectively. The low was $150,00 and high was $2,715,000. Hmm, highest in Tucson and highest golf property sold have the same value. As can be expected, the sales of golf properties are significantly lower, while the average and median sales prices are significantly higher.

For predicting, I am going to start going out on a limb again. Using statistics for the past year and the trend since last July, I am predicting 1,000 sales for May. Not hard to announce the 901 predicted for April. With the May prediction we should be in line with the seasonal sales that continue to increase up through May, then begin to drop off slightly in June. So far this is what I have from predicting back in December and keeping it to myself.

January
February
March
April
May
June
July
August
September
October
November
December

625 (618 actually sold)
706 (752 actually sold)
915 (923 actually sold)
932 (907 unofficially)
1035
1008
927
916
750
792
707
724

I hope my estimates are on the conservative side. Once buyer confidence returns, these numbers will increase significantly. At least the market is showing some stability to be able to predict sales. Which is a good sign.

This entry was posted on Thursday, May 1st, 2008 at 11:21 am and is filed under Tucson Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Checked this morning and the numbers are increasing…994 sales for April to date. Love it when I am wrong in my predictions like this.

May 6th, 2008 // Doug

Tucson Real Estate Blogs & Golf

Submit Email For Feed

Really Simple Syndicate

April 2008 Preliminary Sales Report - Tucson Real Estate

Leave a Reply

Categories

Archives

Favorites

Tucson Golf

Blogroll