The Housing Report

The Housing Report
JohnandMeganBillings|(520)247-4459
[email protected]|www.TheBillingsTucson.com
Sun City Oro Valley | October 2016
In the Sun City Grand area, September 2016 active inventory was 132, a 25% increase from September 2015. There
were 48 closings in September 2016, a 4% decrease from September 2015. Year-to-date 2016 there were 429 closings, a
13% decrease from year-to-date 2015. Months of Inventory was 2.8, up from 2.1 in September 2015. Median price of sold
homes was $239,000 for the month of September 2016, down 9% from September 2015. The Sun City Grand area had
46newpropertiesundercontractinSeptember2016,up48%fromSeptember2015.
CLOSED SALES AND NEW PROPERTIES UNDER CONTRACT – SUN CITY ORO VALLEY
Closed Transactions
30
Properties Under Contract
25
20
15
10
5
Sep14
Oct14
Nov14
Dec14
Jan15
Feb15
Mar15
Apr15
May15
Jun15
Jul15
Aug15
Sep15
Oct15
Nov15
Dec15
Jan16
Feb16
Mar16
Apr16
May16
Jun16
Jul16
Aug16
Sep16
ACTIVE LISTINGS AND MONTHS OF INVENTORY – SUN CITY ORO VALLEY
Active Listings
50
Months of Inventory
12.0
45
Active Listings
35
8.0
30
25
6.0
20
4.0
15
10
2.0
5
-
0.0
Sep14
Oct14
Nov14
Dec14
Jan15
Feb15
Mar15
Apr15
May15
Jun15
Jul15
Aug15
Sep15
Oct15
Nov15
Dec15
Jan16
Feb16
Mar16
Apr16
May16
Jun16
Properties under contract and Home Sales data is based on information obtained from the MLSSAZ using Brokermetrics software.
All data obtained 10/05/2016 is believed to be reliable, but not guaranteed.
Jul16
Aug16
Sep16
Months of Inventory
10.0
40
The Housing Report
JohnandMeganBillings|(520)247-4459
[email protected]|www.TheBillingsTucson.com
Sun City Oro Valley | October 2016
MEDIAN SOLD PRICE AND MEDIAN LISTED PRICE – SUN CITY ORO VALLEY
Median Sale Price
300,000
Median List Price
250,000
200,000
150,000
100,000
50,000
Sep14
Oct14
Nov14
Dec14
Jan15
Feb15
Mar15
Apr15
May15
Jun15
Jul15
MONTHLY PAYMENT ON A
MEDIAN PRICED HOME –
SUN CITY ORO VALLEY
Year
2006
2015
2016
Median Price Int. Rate
$331,200 $219,500 $247,500 6.14%
3.88%
3.375%
Aug15
Sep15
Oct15
Nov15
Dec15
Jan16
Feb16
Mar16
Apr16
May16
Jun16
Jul16
Aug16
Sep16
30 YEAR FIXED MORTGAGE RATE
5.0
4.5
MO. Payment
$1,914.84
$980.56
$1,039.48
4.0
3.5
3.0
2.5
2.0
10/2011
04/2013
99%
04/2016
Source: Bankrate.com
Source: Residential median sales prices. Data obtained 10/05/2016 from MLSSAZ using
Brokermetrics software. Monthly payments based on a 5% down payment on a median
priced home. All data obtained is believed to be reliable, but not guaranteed.
DISTRESSED VS. NONDISTRESSED SALES –
SUN CITY ORO VALLEY
10/2014
1%
99%
1%
The percentage of property sales that are
distressed, meaning bank owned or short sales,
for the current year as compared to the same time
period last year. A lower percentage of distressed
sales can lead to improving market conditions.
Distressed sales and market performance data is based on information obtained from the MLSSAZ on 10/05/2016. Information is believed to be reliable, but not guaranteed.
The Housing Report
JohnandMeganBillings|(520)247-4459
[email protected]|www.TheBillingsTucson.com
Sun City Oro Valley | October 2016
MARKET CONDITIONS BY PRICE BAND – SUN CITY ORO VALLEY
Active
Listings
Last 6 Months
Closed Sales
Apr-16 May-16Jun-16 Jul-16 Aug-16 Sep-16
Current
Months of
Inventory
Last 3 Month
Trend Months
of Inventory
Market
Conditions
$1 - 49,999
0
0
0
0
0
0
0
n/a
n/a
n/a
$50,000 - 74,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$75,000 - 99,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$100,000 - 124,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$125,000 - 149,999
0 1
0
0
0
1
1
0.0 31.5 Buyer
$150,000 - 174,999
0 1
2
2
0
0
1
0.0 76.0 Buyer
$175,000 - 199,999
3 6
1
3
1
1
1
3.0 44.3 Buyer
$200,000 - 224,999
3 3
3
4
4
3
1
3.0 16.3 Buyer
$225,000 - 249,999
6 4
4
6
6
2
3
2.0 11.4 Buyer
$250,000 - 274,999
3 1
1
2
1
2
2
1.5 16.2 Buyer
$275,000 - 299,999
2 1
0
0
1
2
1
2.0 23.5 Buyer
$300,000 - 349,999
4 2
2
1
2
0
1
4.0 37.0 Buyer
$350,000 - 399,999
2 1
0
1
1
0
1
n/a
26.5 Buyer
$400,000 - 499,999
2 1
0
1
0
1
0
n/a
47.0 Buyer
$500,000 - 599,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$600,000 - 699,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$700,000 - 799,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$800,000 - 899,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$900,000 - 999,999
0 0
0
0
0
0
0
n/a
n/a
n/a
$1,000,000 - and over
0 0
0
0
0
0
0
n/a
n/a
n/a
TOTAL
25
Seller’s Market
211320161212
Slight Seller’s Market
Balanced Market
2.1 Slight Buyer’s Market
26.0 Buyer
Buyer’s Market
Statistics based on information obtained from MLSSAZ and using Brokermetrics software on 10/05/2016.
3 month trend in months of inventory is the average of closed sales and active listing data from 07/01/2016 - 09/30/2016. Information is believed to be reliable, but not guaranteed.
The Housing Report
JohnandMeganBillings|(520)247-4459
[email protected]|www.TheBillingsTucson.com
Sun City Oro Valley | October 2016
CHANGE IN
MEDIAN SALES
PRICE BY ZIP CODE
85739
85755
85658
85653
85742
85737
JUL 2015-SEP 2015 TO
JUL 2016-SEP 2016
85704
85743
85741
This heat map represents
the percentage of change
in Tucson metro median
sales prices from July
2015-September 2015 to
July 2016-September 2016
by zip code.
85749
85750
85718
85705
85719
85712
85715
85745
85716
85711
85701
85735
85748
85710
85713
85708
Percentage of Change
85730
85714
85706
85707
85747
85757
85756
85746
85706
85614
MARKET SHARE –
SUN CITY
ORO VALLEY
Long Realty leads the market
in successful real estate sales.
Data Obtained 10/05/2016 from
MLSSAZ using BrokerMetrics software
for all closed residential sales volume
between 10/01/2015 – 09/30/2016
rounded to the nearest tenth of one
percent and deemed to be correct.
85622
85629
85641
Long Realty Company
50.2%
Coldwell Banker Residential Brokerage
17.8%
Tierra Antigua Realty
16.1%
Keller Williams Southern Arizona
2.8%
Homesmart Advantage Group
2.1%
Realty Executives Tucson Elite
1.6%
The Sun City Oro Valley Housing Report is comprised of data for residential properties in subdivisions of Sun City Vistoso in Oro Valley.
Real Estate remains very localized and market conditions can vary greatly by not only geographic area but also by price range. Please feel
free to contact me for a more in-depth analysis.
These statistics are based on information obtained from the MLSSAZ and GVARMLS on 10/05/2016. Information is believed to be reliable, but not guaranteed.