Fountain Hills market trends for April is showing we are still in a buyer’s market. We have seen a slight increase in demand and a slight decrease in supply over the last month. We now have 7.1 months of housing inventory compared to 9.8 in March. We had 48 sales this month which is 10 more sales than last month. The average days on the market is 147 compared to 123 last month. Our annual appreciation is about 3.2%, you can see the market has stabilized, 2 years ago we had an annual appreciation of 22.6%.
It is really a great time if you are a buyer, interest rates are still low, inventory is plentiful and affordable. The list to sell ratio is 95.77 so that is telling us that seller’s are willing to negotiate. There are many good loan programs available, especially the VA loans which require no money down. I’ll be happy to give you a referral to a couple lenders in town with whom I work with., just send me a quick email or text at 480 888 6708.
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!
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