Sales up 44% in the Mountain Empire real estate market

Real Estate Agent with Keller Williams Southern Arizona

No matter how you look at the two main indicators of our market, unit sales or dollar volume, this is a better year than last for sure. During the first quarter of 2009, 4 homes changed hands with a dollar value of $1,008,900. This year 10 homes changed hands at a combined value of $2,412,400. (All statistics from the Tucson Multiple Listing Service.) Land transactions, however, were a different story: In 2009 there were 6 sales with a total value of $920,726 versus 3 sales with a value of $370,000 this year.

When you consider the total dollar value of transactions in 2010 against 2009 being up 44% ($2,782,400 and $1,929,627), it seems a bit more impressive than it is. Yes, we are happy with the trend, but this time of the year we should see something in the neighborhood of $10MM or so in total sales. Thus, we have a ways to go to get back to a healthy market in the mountain Empire.

Looking ahead, and considering both the national news and the Tucson market, we believe we are now poised to begin to see more buyers. I think it may be the third quarter by the time that happens, but I think us real estate sales people and our seller clients should be smiling more at that time. Stay tuned. I hope to bring even more optimistic news after the end of this quarter!

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