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Fountain Hills Homes
Homeowners in Fountain Hills have seen a run up in prices the last couple years, but that could be coming to an end. This is what you need to know if you are thinking of selling your home. The market is shifting more towards a buyer’s market and we are experiencing higher interest rates, a faltering economy, scare stories from the media and now a […]
There is a surprising amount of variation between cities when it comes to the number of single family active listings added over the last month. Unusually high increases are observed in: Sun Lakes – up 26.5% Gold Canyon – up 16.8% Fountain Hills – up 16.2% Tempe – up 15.4% Phoenix – up 15.1% Surprise – up 13.7% Sun City West – up 13.0% Scottsdale […]
Amazing how fast the Fountain Hills real estate market has changed in the last year. You can still get some good buys but the deals are gone. So are most of the single family homes priced for under $250,000. At this time there is only one single family home available for 249,900. If you are looking for a home under 250,000 you could very well […]
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. […]
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 […]
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 […]
Here are some of the latest stats on active listings and homes under contract in the Fountain Hills real estate market. The rapidly rising prices are not having their usual effect – bringing out a lot more supply. We still have limited inventory which I think we will see for some time and we are also going into our summer months and sales will slow […]
Average price per square foot is still inching up in Fountain Hills. The lack of inventory and buyers quicky swooping up available properties is still the norm at the moment. Below you will find comparisons of the last couple years and where the price per sq ft is heading. This is the average annual price per sq ft for all home in all price points. […]
The market remains dominated by a chronic supply shortage. The total number of active listings has declined and the shortage is more severe among the more affordable prices range. First time buyers are having a difficult time purchasing a home with the onset of price increases and fewer properties available in their price range. Investors have gone elsewhere since the bargains are gone only to […]
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 […]
