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Fountain Hills , AZ 85268 Market Trends -February 2012
All real estate markets are local. Local meaning specific neighborhoods, subdivisions or zip codes. As a Realtor living and working in the Phoenix Metro Area I am often asked what parts of the Valley are selling well?What areas are seeing price increases or decreases and where will buyers get the best deal:Lender Owned (REO), Short Sales (SS) or Traditional (Norm)?
The matrix below is a small part of the market report that I supply to buyers and sellers. The report can be narrowed or expanded to meet the needs of the client. Here's an overview of Fountain Hills, AZ 85268 Market between December 30th 2011 and January 30th 2012.
The Fountain Hills, AZ market has been very stable over the last four months with a few changes worth noting:
Total Active Listings have fallen approximately 15% over the past four months. This is a smaller change than many parts of the Phoenix Metro Area but reflects the overall shrinking of Valley inventory.
Total Closings are up even though Total Active Listings are declining.
Lender Owned,(REO), Active Listings are unchanged however Short Sales (SS) are down by more than 50% since October 2011.
Days On Market in all three property categories are relatively unchanged with a temporary seasonal upturn in Short Sales (SS) and Traditional (Normal) Sales for the month of December 2011.
And finally Sold Price Per Square Foot has increased inLender Owned (REO), and Short Sales (SS) with Traditional (Normal) unchanged over the past four months.
So what does this mean for buyers and sellers?
If you are thinking of buying a home in the next 6 months do it now. Demand for homes in Fountain Hills, especially Lender Owned (REO) and Short Sale (SS) property is increasing as inventory is decreasing. Work with your REALTOR® to find a great deal while they are still available. Many buyers will look back on 2012 as the year they wish they'd bought their dream home.
If you are thinking of selling your home in the next 6 months list it now. With inventory shrinking there are more potential buyers for your home, less competition means a better chance of selling your home at it's full market value. Make sure you work with an experienced REALTOR® to price your home correctly so that it sells quickly.
If you need to Short Sale your home to avoid foreclosure call me today. Because of a rapidly declining Short Sale inventory in Fountain Hills there has never been a better time to sell.
Whether you're buying or selling I offer a free, no obligation, consultation. As an informed buyer or seller you'll make better decisions. E-mail Nancy@NancyLaswick.comor call me today at (602) 793-1627.
Click on the Poster below to see the 2012 PREDICTIONS BY THE PROS!
All content contained in this posting is protected by copyright Nancy Laswick 2012. All Rights Reserved.
Please Note:All statistics and figures are reported from the Arizona Regional Multiple Listing Service (ARMLS) and/or The Cromford Report and are deemed to be reliable, but cannot be guaranteed for accuracy. It is recommended that any information of special interest be verified through independent sources.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.