Oro Valley Real Estate Statisitcs July 2007
August 15, 2007
The Tucson MLS Statistics are out for the month of July 2007. Oro Valley is a part of the Tucson MLS in the NW Area figures. Not all of the NW is in Oro Valley but it is about as close as we can get to accurate information on Oro Valley Real Estate Statistics for July 2007
|
Description
|
Mar 07
|
Apr 07
|
May 07
|
June 07
|
July 07
|
|---|---|---|---|---|---|
| Number of Sold Units |
303
|
316
|
323
|
310
|
279
|
| YTD Sold Listings |
786
|
1102
|
1457
|
1779
|
2081
|
| Active Listings |
2682
|
2668
|
2617
|
2343
|
2539
|
| New Listings |
690
|
783
|
791
|
725
|
721
|
| Average Sale Price |
$306,963
|
$318,905
|
$340,820
|
$347,165
|
$306,459
|
| Absorption Rate |
8.85 mo.
|
8.44 mo.
|
8.10 mo.
|
8.10 mo.
|
9.10 mo.
|
July’s numbers were down slightly for the entire Tucson Area. Considering all the bad news about Mortgage Meltdowns and the fall in the stock market as a result, to have held at this level is very good.
Here is a look at the Homes sold by bedrooms
| Month | 0-2 Br | 3 Br | 4 Br | 5+ Br | All Br |
|---|---|---|---|---|---|
| March |
$262,446
|
$275,427
|
$386,798
|
$733,111
|
$306,963
|
| April |
$277,228
|
$303,790
|
$348,267
|
$512,482
|
$318,905
|
| May |
$269,700
|
$319,839
|
$411,737
|
$481,655
|
$340,820
|
| June |
$265,539
|
$282,280
|
$477,143
|
$446,163
|
$347,165
|
| July |
$241,552
|
$267,902
|
$381,583
|
$460,250
|
$306,459
|
The only category for Number of Bedrooms showing an increase for July over June was the 5+ bedrooms.
For the past 5 years July sales numbers have declined over June’s and most of those years the decline overall was between 2 and 3 hundred fewer sales for the month. This July the decline was 128 fewer sales.
Pending contracts for July are quite a bit higher than July of 06 and should lead to strong number for the August reporting period.
For a complete analysis of the Tucson Real Estate Statistics for July 2007 go to the Tucson Real Estate in The News.
For those wanting to look at the entire Tucson MLS Statisitics Report for July 2007.
