Do you own a home in the popular and desirable Eagle Mountain community of Fountain Hills AZ ? As you can see from the chart below, there were more sales in the last 6 months, and the median price change fell 2.53%. This is most likely a seasonal trend as our prime time season for sales is January- May.
This report is just a general market snapshot and these statistics just go to show you that prices differ from one community to another and depend a lot on the season. Things to take into consideration when trying to determine your home’s value, are location, updates, age and size. It’s really all relative as real estate stats change daily, but it’s fun watching the numbers.
The chart below shows market trends from July 26 2012 – July 26 2013. All information taken from the Arizona MLS. ( multiple listing service, taken in real-time and most accurate)
Overall ( all price points) Eagle Mountain Single Family Homes have decreased 2.53%
Absorption Rate– is the time it would take to sell the existing inventory, Eagle Mountain homes absorption rate homes is at a 3.67 month supply
Median Price– means 50% of homes are higher in price, 50% are lower in price, median sales price ( sold) is approximately $520,000 ( last 3 months)
Days on Market- The median days on market is currently at 65.
Want to compare Eagle Mountain Homes market trends to last quarter?
I live and work in Fountain Hills and I absolutely love it! I would love to share my knowledge of this unique community and all it has to offer. Feel free to call or email me anytime to get more info about the place that I love to call home!