Smart Buyers & Investors understand a local market before making a decision on purchasing real estate.
When asked "How's the market" different sectors of the market can behave differently than others in varying factors - which is why I like to provide Tucson Real Estate Market Data broken down into quartiles, using different methodologies and factors:
|
Single Family Homes
90 Day Average
|
 |
|
|
|
To see the "pulse" of activity, using a different methodology can provide sharper detail in market sectors:
|
|
|
SFR
7 Day Average
|
 |
|
|
Single Family Homes
|
 |
|
"What is a quartile - and what does it represent?"
In the charts above, here is how it is broken down:
- First = the highest priced 25% of the market for that area (Black Line)
- Second = the next 25% (Orange)
- Third = the next lowest priced 25% of the market (Green)
- Fourth is the least expensive properties (Blue)
Looking at the Median Price charts, we can see that there is actually a slight rise in the upper end of the market & a slight decrease in prices in the lower end - not a whole lot, but something to warrant looking deeper into the sales data. Perhaps a difference in square footage could explain it, or another factor.
Checking the Days On Market chart shows a significant difference in how the different parts of the market are behaving - I find it interesting that the "top middle" of the market was selling quite a bit faster than other quartiles, but that the lowest priced properties are starting to take longer to sell than the rest of the market.
There are other factors needed to get a more accurate assessment, and I provide them in my reports to help buyers & investors make their decisions on purchasing - and for sellers who want to see if it is a good time to put their properties on the market.
To get this type of data would either require hours & hours of meticulous work - or paying a lot of money to have someone else do it, but accurate information is critical to good decision making, so I provide this free of charge.
If you would like your own copy of "The Skinny" - Kent Simpson's Analysis of the Tucson Real Estate Market, just click on the link below. Fully detailed 10-page reports are updated every week!
Gimme The Skinny!




Specializing in Buyer Representation in the Tucson, Arizona real estate market.
"Never forget - Real Estate Is About People"