Fountain Hills Real Estate Market Trends for December 2015. Fountain Hills is still moving into a more balanced market. We are entering our peak selling period here in the valley as the snowbirds flock from the cooler climates. Our months of supply has decreased from 8.6 months to 7.9 which means if there weren’t anymore homes listed for sale, that is how many months it would take to sell out of our current inventory. The average days on the market is now 104 where last month it was 127 days. Annual long term appreciation has stayed steady at 3.1% to 3.3%. Homes are selling at an average 0f 95.72% of list price.
Back in 2011 and 2012 we had many more Canadian’s buying second homes here in the valley, which helped us with out housing recovery, but now we are seeing very few buying as as their dollar is is .72 cents to our dollar, however I do notice more Canadian’s listing their homes for sale in the more recent months.