Typical for this time of the year, the weather hit the century mark plus and the number of sales cooled down, dropping from 84 in May to 55 in June.  On a year to year comparison, sales remained relatively stable in the month of June, with 55 closed transactions as compared to 57 in June of 2009.   The average sales price continues to trail last year at $165,334 YTD in 2010 as compared to $185,243 YTD in 2009.  The good news is that the average YTD selling price increased from $162,135 in May to $165,334.  This means that for the 3rd straight month the average selling price has remained stable and this month it even showed a slight increase. 

The number of active listings remained stable at 794 in June.  Also encouraging is that the average list price, which was $248,779 in May, remained stable at $248,810 in June.  Far too early to say we are finally stabilizing but there are a few encouraging signs that suggest we may be close. 

The breakdown for the active residential listings as of June 30, 2010 were as follows:

Green Valley

(includes Quail Creek & surrounding subdivisions)

587

SAHUARITA

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

  93

AREAS S & SE & SW OF GREEN VALLEY

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

  23

AREAS N & NE & NW OF SAHUARITA

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

    2

TUBAC & TUMACACORI

 

  60
TUCSON     1
RIO RICO   25

OTHER

(includes Nogales, etc)

    4
   

There were 55 homes sold in June 2010, down from 84 in May. The breakdown by area for those sales were as follows:

GREEN VALLEY                                                45
SAHUARITA   8
TUBAC   1
VAIL, NOGALES, RIO RICO, ARIVACA/AMADO   1

Following is the 2009 to 2010 year-to-date comparison for the time period of January 1 through June 30, 2010:

  2009 2010
Houses Sold 416 496
Days On Market 164 172
Average Selling Price $185,583 $165,334
Median Price $161,700 $150,000