Phoenix Metro Market Report July 2014

The dollar volume for homes under $100,000 sunk to just 1.3% of the market in June. A year ago it was double this at 2.6% and a year before that it was 7.8% and in 2011 it was 15.4% The rapid evaporation of the market below $100,000 (both in supply and demand) has had a very positive impact on the median sales price. Actual home […]

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Fountain Hills Housing Market

Balanced Market to Buyer’s Market

The change from a balanced market to a buyer’s market that occurred exactly one month ago has now settled in firmly. These stats are for the Phoenix Metro area as a whole, even though Fountain Hills shows different stats, overall these are the market conditions throughout the valley. Market Index- Balanced Market is 100, Below 100 is a Buyer’s Market, above 100 is a Seller’s Market […]

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Interest Rates Are Headed DOWN!!

In the last couple years we have seen price increases anywhere from 20-40% on most homes in the valley, and unfortunately an increase in interest rates. Fountain Hills homes saw an appreciation of 16%  in 2013. At the beginning of 2013 “industry experts” predicted interest rates would continue to increase. Yesterday , the news broke that interest rates were actually moving DOWN and approaching 4% […]

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Diamante Del Lago

Fountain Hills AZ Real Estate- No Longer a Seller’s Market

Real estate across the valley is changing dramatically day by day. The last few years have been very volatile with  housing prices hitting bottom in the summer of 2011 to the  rapid increase of appreciation during 2012. As of today we are seeing more of a balanced market and even a buyer’s market in some communities. Sellers have been sitting in the driver’s seat for […]

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Gilbert AZ

Gilbert AZ Home for Sale – 1515 E Cheyenne St

Closed for $195,500 ( listed for $198,900)  Fountain Hills is my hub as I like to say, I live here and most of my business is done in Fountain Hills. As beautiful as it is here, not everyone wants to live in Fountain Hills so I venture into the neighboring communities, such as Gilbert. My clients bought this home in 2010 and have many fond memories of […]

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Fountain Hills AZ Real Estate- Market Snapshot

What does all this mean? The Demand Index at 83.1 which is the short-term demand in the market which comes from market trends of sold and pending listings in the last 4 years.The demand is under 100 which shows a decrease in demand, look at the changes from a year ago. So the demand isn’t pushing the prices up, it is the shortage in supply. […]

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Fountain Hills Luxury Homes- Market Trends July 2013

Limited inventory is an ongoing problem across the country especially in the Phoenix area where we have one of the lowest inventories in the US. Why is this happening? The population is continuing to grow and builders are not building as much, homeowners are still underwater and waiting for prices to go higher, people can’t afford to move up to a larger home. The sellers […]

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Fountain Hills Luxury Homes

FireRock Country Club Fountain Hills AZ- Market Trends

Do you own a home in FireRock Country Club in Fountain Hills, AZ? Fountain Hills luxury homes are finally seeing some movement after a slow 2012. FireRock Country Club is Fountain Hills only private, gated golf community located in this small hillside community. Looking at the current statistics in FireRock the homes are up 21.5 % in value from the same time last year. March […]

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Eagle Mountain Homes

Eagle Mountain Homes- Market Trends March 2013

Do you own a home in the Eagle Mountain community of Fountain Hills AZ ? Homes in Eagle Mountain Golf Community are very desirable. As you can see from the chart below, there were not many sales in the last year, and the lack of inventory has really pushed the median sales price up to an increase of 22.26% from the same time last year. […]

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