SunRidge Canyon Fountain Hills AZ- Market Trends

Do you own a home in SunRidge Canyon Fountain Hills, AZ ? I’m sure you have heard the news that the Phoenix Metro home prices have been rebounding? This is an interesting time in real estate as we resurface from the worst housing crash in history. The prediction is that homes will slowly gain appreciation at about 3-4 % a year moving forward for the next few years.

SunRidge Homes

SunRidge Homes

There are many factors that come into play when trying to determine your home’s value, such as  location, upgrades, size and even subdivision. Looking at the current statistics in SunRidge Canyon the homes are up 11% in value from the same time last year.

March 5 2012 – March 5 2013.  All information taken from the Arizona MLS. ( multiple listing service)

Overall( all price points) Single Family Homes are up 11% in SunRidge Canyon

Absorption Rate– is the time it would take to sell the existing inventory, we are now at 3.6 months of supply

Median Price– means 50% of homes are higher in price, 50% are lower in price, median sold price is approximately $431,000

Days on Market have come down significantly, we have a few more listings on the market but there is still a lack of inventory in certain price ranges. The median sold days on market is at 96.

This is a snapshot of the recent market as of today March 5 2013 in SunRidge Canyon Fountain Hills AZSunRidge_Canyon_Fountain_Hills_001 SunRidge_Canyon_Fountain_Hills

If you have any questions about SunRidge Canyon (or the surrounding neighborhoods), feel free to contact me at 480 888 6708.

Below you will find a list of currently available listings in the Sun Ridge Canyon. Search all you want, I will never force you to register in order to view listings, it’s just not my style!

More SunRidge Canyon homes for sale

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