The July 2017 Market Report from the Multiple Listing Service of Southern Arizona is in and the results are as we expected. As summer winds down, so will the real estate market for a bit before we get back into the fall season which will spur the market back into action again. But does that mean you should wait for the fall season? Here are a few take-aways from the report:
- Total Sales Volume of $318,919,230 is a decrease of 20.08% from June’s number of $399,061,482, but is an increase of 4.40% over July 2016.
- The Average Sales Price of $226,827 is a 4.79% decrease from $238,245 last month.
- Average List Price fell from $243,575 in June to $231,299 in July, resulting in a 5.04% decline.
- The Median Sales Price decreased 4.14% since last month, going from $200,000 in June to $191,725 in July, but is a 5.63% increase from July 2016.
- Average Days on Market dropped from 44 last month to 39 this month and is the lowest it has been in over 10 years
So, what does this mean for the average consumer? There are benefits for both Tucson, AZ buyers and Tucson, AZ sellers. For buyers, the prices are down from last month and interest rates are still historically low so now is a great time to buy, summer market or fall market. For sellers, there isn’t much competition out there, now is a great time to list your home. The days on market are the lowest it has been in 10 years! Need to sell quick? Not a problem.
When you are ready to buy or sell your Tucson, AZ home, contact an experienced Tucson, AZ Real Estate agent. I'm committed to providing you with the highest quality service. You deserve to have all the latest market information and the very best advice, both of which I can provide you with. We’ve had some record heat this summer and our AC units are certainly being taxed. Below are some tips to help maintain your unit and keep your Tucson, AZ home nice and cool!
HOW TO MAKE YOUR AIR CONDITIONING UNIT WORK MORE EFFICIENTLY:
• Maintain it. Have an air conditioning technician come to your home every spring before it gets too hot and check your system out. The earlier you catch a problem and repair it, the smaller the problem will remain.
• Add insulation to your attic or crawlspace so hot air doesn’t get in the house. The warmer the home’s air, the harder the air conditioner has to work. The harder it works, the quicker it will wear out.
• Make sure your unit is the right size. Bigger isn’t necessarily better when it comes to A/C. A room air conditioner that’s too big for the room it’s supposed to cool won’t operate as efficiently as a smaller one that’s the right size.
• Install a whole-house fan. It will keep your home cool without using the air conditioner on days when the sun’s not too hot or overnight when the outside air is cooler than the inside air.
• Install ceiling fans, or if you have them already, turn them on. Ceiling fans move the air so you’ll feel cooler, which will let you raise your thermostat a few degrees without noticing any difference in your comfort.
• Keep lamps and TV sets away from your air conditioning thermostat. The thermostat can “feel” the heat from appliances and will respond by running longer than necessary.
• Install a programmable thermostat and set it to automatically raise the thermostat a few degrees when you leave for work in the morning and again when you go to bed at night. You can also set it to cool the house before you get home from work or wake up in the morning. If you like technology, you can get a wi-fi enabled thermostat (like iNest and others), so you can control the heating/cooling from your smartphone.
• Plant shrubs near your outdoor air conditioning unit to shade it. If you do, it will use up to 10 percent less electricity. A tip: Don’t plant so close to the unit that the shrubs block its air flow.
• Block the sun from shining through windows and making your room hot. Install sun screens or apply sun-blocking film on east- and west-facing windows, and close drapes or blinds on hot, sunny days.
• Replace your air conditioner filter every month. Switch to a one-inch pleated filter, which costs around $5 and will keep more dust and dirt away from your air conditioning unit than a cheaper, flat filter.
• Replace incandescent light bulbs with compact fluorescent bulbs or LED lights. Incandescents give off more heat than light, and that can make your room feel warmer. CFLs are cool to the touch, use 75 percent less energy and last 10 times longer than incandescent bulbs.
Golden Sun Realty LLC