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Tucson Real Estate Market Stats – January 2008

February 22, 2008 | By Kelley Koehler | Filed Under Market Reports 

Tucson MLS released their residential real estate market report this week for January 2008.  I prefer to pull my own.  As I don’t work in the more remote reaches of the large area encompassed by our MLS, I like to see stats for the areas and types of properties that I actually work with.

I’ll be working on some more detailed numbers over the weekend, updating the individual areas and graphs that you can find from the Stats link at the top of the page.  For now, the short, hard numbers:

As calculated today:

• Average Single Family Home Sales Price: $299,866
• Median Single Family Home Sales Price: $218,000
• Single Family Homes Sold: 435 units
• Average Town Home Sales Price: $205,756
• Median Town Home Sales Price: $180,000
• Town Homes Sold: 49 units
• Average Condo Sales Price: $157,194
• Median Condo Sales Price: $140,947
• Condos Sold: 34 units

Which means Citywide:

• Average Sales Price: $281,600
• Median Sales Price: $210,000
• Units Sold: 518

Please remember that I calculate stats from only the 9 major areas of Tucson: North, Northwest, Northeast, West, Central, East, South, Southeast, and Southwest.  I include only homes, townhomes, and condos.

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