Fountain Hills Real Estate Market Trends – Arizona

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Fountain Hills Real Estate Market Conditions and Trends

Homes for Sale > Real Estate Market > Arizona Real Estate Market > Fountain Hills Real Estate Market

Winter 2012 Market Update The bottom line is this - if you are in the market to buy, this could be your best time... Plenty of banks unloading bad loans, people having to sell their properties, and just the usual amount of activity. I’m not sure the prices will go down, but i think you will eventually see this turn around, and then you will wish you had made the move. If you buy now, in two years you will be happy you did. the rental market is also very strong, if you are looking for an investment... Make the time, do yourself a favor, and let’s see whats out there, the worst thing that can happen, is a nice sun tan when you go home.
Average Home Price	$275,000 - View Graph Trend

Average Price Compared to Last Year	Up 0-5%

Average Time on Market	60-90 days

Best Selling Price Range	$150,000 - $199,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	90-95%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	More sellers than buyers

Buyer Activity for the past 90 days in Fountain Hills is	Increasing

Seller Activity for the past 90 days in Fountain Hills is?	Decreasing

Multiple Offers?	Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	15-20%

Is Financing Available For Qualified Buyers?	Yes

Housing Inventory	Limited Supply

Greatest Activity	Investors

Reason to Buy/Sell	Population Growth

Nearest Metro Area	Phoenix

Housing Hot Spots	Rio Verde and a lot of builder incentives out there. Many new homes sitting around, and also SPEC homes that individuals couldn’t sell. Be proactive, not reactive, and you will do well. Scottsdale market - we are seeing prices down 40-50% since the high of 2007

Average Sold Price	$275,000 - View Graph Trend

Fountain Hills Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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Mortgage Rates

– Feb 13th, 2012 –
---------------------------------

30 yr. fixed rate: 3.89%
15 yr. fixed rate: 3.21%
30 yr. jumbo rate: 4.61%
15 yr. jumbo rate: 3.97%

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(NOTE: Because current market conditions can change rapidly in any given marketplace, please check with the exclusive HouseHunt, Inc., real estate agent for this territory before acting on this information.)

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