Tucson Association of Realtors (TAR) has released encouraging stats for April 2015. Average Tucson Home Sales Price was slightly increased this month to $210,749 from $208,673 in March, while home sales pushed up a strong 9.55% in April, according to the Tucson Association of REALTORS® Multiple Listing Service.
The Average Selling Price increased slightly by $2,076 compared to March, yet is $13,683 more than one year ago ($197,066). Increases in the Median Selling Price have risen 4.69% since January ($160,000) to $167,500 in April.
Total sales volume of $217.74 million is an increase of 1.79 percent over March ($213.91 million) and year-over year, 13.68 percent higher (+$35 million) than April 2014 ($256.4 million).
The increased month-over-month, 1,383 homes were 8.47 percent higher than March (1,275 homes) a 6.30% increase when compared to April 2014 (1,301 home sales).
In April, the two top performing zip codes for resale homes were near the Tucson International Airport: The top three zip codes of the 1,383 homes sold in April were:
- 85706: The area immediately north of the airport where 24 of 37 listings (64.9%) sold.
- 85756: A large area south and east of the airport where 37 of 71 listings (51.1%) sold.
- 85743: A large area west of I-10 from Twin Peaks south along Sandario Road where 69 of 176 listings (39.2%) sold.
Highlights from TAR’s Residential Sales Report:
- * The Median Sales Price was slightly lower this month at $167,500 from $172,000 in March, resulting in a 2.62% decrease.
- * New Listing decreased 10.52% from March.
- * Total Homes Under-Contract increased by 1.83% from March.
- * Total Active Listings of 5,487 is a decrease from March’s number of 5,721.
- * Average Days on Market decreased to 66 in April from 68 in March.
- * Conventional loan sales accounted for 37.5 percent continue to exceed Cash Sales of 27.1 percent in April; while FHA and VA loans combined accounted for the remainder according to TAR’s tracking.
Please refer to full April sales report for graphs and additional information.
Full Tucson MLS Report: TUCSON HOME SALES CLICK HERE
Tucson Rental statistics: CLICK HERE