Tucson Residential Housing Market Monthly Statistics August 2016 The MLS of Southern Arizona is a wholly owned subsidiary of the Tucson Association of REALTORS®, dedicated to providing a reliable real estate database for members and the public. The Association represents the interests of 5,400 professionals in the real estate industry, and is affiliated with the National Association of REALTORS®. REALTOR® is a registered collective membership mark which may only be used by professionals who are members and subscribe to its strict code of ethics. Below are some highlights from the August Residential Sales Statistics:

 Total Sales Volume increased 2.12% to $311,954,046 from $305,485,314 in July but is an increase of 15.83% over August 2015.

 The Average Sales Price of $220,774 is an increase of 0.82% from July’s number of $218,985.

 Average List Price of $226,428 increased 0.74% from July’s number of $224,771.

 Total Under Contract decreased by 0.45% since July.

 Total Unit Sales of 1,413 increased 1.29% since July’s number of 1,395 and is an increase of 10.74% over August 2015.

 The Median Sales Price rose to $185,000 this month from $181,500 last month, a 1.93% increase.

 New Listings increased to 1,925 from 1,677 in July and are down 4.28% from August 2015.

 Total Active Listings of 3,919 is a decrease of 0.43% since July’s number of 3,936.

 Average Days on Market of 48 is a decrease from 50 in July.

 Conventional loan sales of 43.2% exceeded Cash Sales of 20.9%.

The Westin La Paloma Resort & Spa has fantastic residential communities ranging in prices for most budgets.  The resort and housing are nestled amidst the high Sonoran Foothills of the Santa Catalina Mountains. 3 different Jack Nicklaus Signature golf courses are on the property as well as great guest rooms, 6 spots for dining & drinking, spa, fitness facility, tennis courts, and walking paths.  Living in one of the subdivisions at La Paloma Resort & Spa puts all of this in your “backyard”.  It’s a great place to live just 20 minutes North of downtown Tucson and The University of Arizona.  Check out these properties on the resort and please call or email for more information and/or to get the ball rolling.  There are homes to fit every budget on or near the resort.