Even thought the temperature remain hot, the Fountain Hills Real Estate market has 'cooled' from July 5th to August 5th 2010.
Residential closed sales have dropped from 520 to 473 (16%) and the properties currently in escrow (pending sale) were reduced from 413 to 348 (12%).
The overall number of active listings has also been reduced from 2,914 to 2,896. 
The slower summer month activity should increase with the approaching fall and winter months just around the corner. There are some excellent opportunities for those Snowbirds that descend on the Valley of the Sun.
Rainer
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Gary & Claudia Scott
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