Green Valley's Newest Community--Solterra By Fairfield & Dorn Homes

The Green Valley, Arizona Real Estate market made a strong showing in the month of May with 110 sales as compared to 67 sales in May 2011. Clearly, the market is outperforming last year at least in terms of number of homes sold, with YTD sales at 501 as compared to 436 in 2011.  However, the average selling price continues to lag behind 2011 as shown in the graphs below: 

AVERAGE SELLING PRICE YTD FOR 2012:

JANUARY 2012 $161,976
FEBRUARY 2012 $161,220
MARCH 2012 $153,228
APRIL 2012 $152,399
MAY 2012 $153,716
JUNE 2012  
JULY 2012  
AUGUST 2012  
SEPTEMBER 2012  
OCTOBER 2012  
NOVEMBER 2012  
DECEMBER 2012  

AVERAGE SELLING PRICE YTD FOR 2011:

JANUARY 2011     $163,012
FEBRUARY 2011 $165,364
MARCH 2011 $161,798
APRIL 2011 $163,198
MAY 2011 $163,814
JUNE 2011 $165,340
JULY 2011 $162,542
AUGUST 2011 $160,017
SEPTEMBER 2011 $158,840
OCTOBER 2011 $157,624
NOVEMBER 2011 $157,021
DECEMBER 2011 $156,797

The breakdown for the active residential listings as of May 31, 2012 were as follows:

Green Valley

(includes Quail Creek & surrounding subdivisions)

 508

SAHUARITA

(includes subdivisions N of Duval Mine Road & Duval Mine Rd.

   42

AREAS S & SE & SW OF Green Valley

(includes Elephant Head, Amado, Aravaca, Montana Vista & Lakewood)

   20

AREAS N & NE & NW OF SAHUARITA

(includes Vail, Curley, Horn Ranch, Ocotillo Ranch, etc)

     2

TUBAC & TUMACACORI

  36
RIO RICO     7
OTHER: INCLUDING TUCSON, NOGALES, ETC.     2

110 homes were sold in May 2012 as compared to 119 in April 2012.  The breakdown, by area, for those sales were as follows:

GREEN VALLEY                                                  88

SAHUARITA

  13
TUBAC     3
TUCSON, VAIL, NOGALES, RIO RICO, ARIVACA/AMADO     6

Following is the 2011 to 2012 year-to-date comparison for the time period of January1 through May 31:

  2011 2012
Houses Sold 436  501
Days On Market 179 183
Average Selling Price $163,814 $153,716
Median Price $147,000 $135,000