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 values have risen much less than the median sales price would suggest.
Share of inventory in the Phoenix Metro Area
Do you have questions about Fountain Hills real estate or any of the surrounding areas? I would love to talk with you! For a quick response, you can contact me at 480 888 6708 or email me. I’ll get back to you ASAP!
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