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Green Valley, AZ May 2011 Real Estate Statistics

By
Real Estate Agent with RE/MAX Valley Properties

Green Valley AZ Real Estate Statistics

As is typically the case, when the temperatures begin to climb, sales drop.  There were 67 homes sold in the month May, a considerable dip from the 112 sold in April.  Sales remain slightly ahead in 2011 at 444 for the year versus 441 for the same time period in 2010.   

Another positive note for this month was the fact that the average selling price climbed from the low $160,000 to $175,595:

AVERAGE SELLING PRICE YTD FOR 2011:


JANUARY 2011     $162,340
FEBRUARY 2011 $164,457
MARCH 2011

$161,548

APRIL 2011

$162,586

May 2011 $175,595

 

AVERAGE SELLING PRICE YTD FOR 2010:

 

JANUARY 2010 $157,727
FEBRUARY 2010 $163,604
MARCH 2010 $158,559
APRIL 2010 $162,666
MAY 2010 $178,462
JUNE 2010 $165,334
JULY 2010 $167,056
AUGUST 2010 $167,884
SEPTEMBER 2010 $167,543
OCTOBER 2010
$168,547
NOVEMBER 2010

$169,476

DECEMBER 2010 $168,477

 

The breakdown for the active residential listings as of May 31, 2011 were as follows:

 

GREEN VALLEY

(includes Quail Creek & surrounding subdivisions)

624

SAHUARITA

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

  82

AREAS S & SE & SW OF GREEN VALLEY

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

  16

AREAS N & NE & NW OF SAHUARITA

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

    6

TUBAC & TUMACACORI

  43

RIO RICO   18
OTHER: INCLUDING TUCSON, NOGALES ETC.     2

 

67 homes were sold in May 2011 as compared to 112 in March 2011.  The breakdown, by area, for those sales were as follows:

 

GREEN VALLEY                                                51
SAHUARITA

  7

TUBAC
  5
VAIL, NOGALES, RIO RICO, ARIVACA/AMADO   4

 

Following is the 2010 to 2011 year-to-date comparison for the time period of January 1 through May 31, 2011:

 

  2010 2011
Houses Sold 441 444
Days On Market 167 178
Average Selling Price $178,462 $175,595
Median Price $159,000 $157,250

Comments(2)

Patrick Harvey
West USA Realty - Scottsdale, AZ
We make it right for you!

What are the inventory numbers and foreclosure numbers doing? Just curious. I think we are still in a market freefall, what with oversupply and deflation.

Jun 18, 2011 10:13 AM
Judi Monday
RE/MAX Valley Properties - Green Valley, AZ
CRS-Green Valley AZ Expert, Green Valley Arizona R

Hi Patrick,

 

Great questions but difficult to answer.  Green Valley is a rather protected market as it is primarily a retirement and 2nd home market.  Very few foreclosures--but our neighbor to the North--Sahurita which is an all age community is a different story and tough to pinpoint as there are no less than 3 different MLS systems where these are listed and I belong to only one of those MLS.  In terms of inventory--it is down by nearly 200 homes (with 624 on the market)--however, because the market is considered seasonal by many agents--there are a number of homes pulled off the market this time of the year.  So again no clear cut answer.

Jun 18, 2011 10:31 AM