As a Realtor living and working in the Phoenix Metro Area I am often asked what parts of the Valley are selling well? All real estate markets are local. Local meaning specific neighborhoods, subdivisions or zip codes and most often that is the market data that I supply to my clients. However, sometimes it's beneficial to look at larger areas to identify trends that might not be so easily found in smaller samples.
No matter what you hear or see in the media the only way to get an accurate picture of what's happening in a specific neighborhood or development is through the services of an experienced professional. Call your REALTOR® they work for you.
In this post we're looking at Fountain Hills, AZ 85268, 85269.
Total Active Listings in Fountain Hills, AZ 85268, 85269 are down by more than 30% over the past six months. A substantial decrease but not as severe as other parts of the valley.
78% of Active Listings in Fountain Hills, AZ 85268, 85269 are Traditional (Normal) and that is very good news. Total closed are up more than 100% and that is right in line with other parts of the Phoenix Metro Area.
Dollars Per Square Foot Sold has risen over the past 6 months in Lender Owned (REO), by 12% and Short Sales (SS) by almost 20% with a slight increase (2%) in Normal Sales.
REO's and Short Sales offer substantial dollar per square foot savings if you can find them. There were only 19 REO and 14 Short Sales in all of Fountain Hills, AZ 85268, 85269 for the past 30 days.
What does this mean for buyers and sellers?
If you are considering buying a home don't wait, do it now. The available supply is not going to magically increase over the next several months and prices will continue to rise.
If you need to move from a smaller to a larger home to accommodate a growing family the time has never been better. Smaller "entry level" homes are in high demand by first time home buyers and investors while the demand for larger more expensive homes, with some exceptions, isn't as intense.
If you're considering selling your home this year, list it now. Supply is short and you are in a much better position to receive fair market value for your home.
Whether you are buying or selling a home I offer a free, no obligation consultation. As an informed buyer or seller you'll make better decisions. E-mail Nancy@NancyLaswick.com or call me today at (602) 793-1627.
All content in this post 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.
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