Fountain Hills AZ Sees 11% Uptick in Properties Sold

The town of Fountain Hills, AZ posted 662 residences sold year to date as of October 2015, and the average sales price of $398,599 dropped 3.2% from the same reporting period in 2014. In comparison to the same period one year ago, which showed 596 homes sold, Fountain Hills had an 11.1% rise in overall amount of sold residential listings, showing a net advance 66 closed sales. The 300,000-399,999 price category had one of the largest numbers of homes sales this year with 144 completed transactions.

For Sale Home Prices Post 6.1% Gain. Through the end of October 2015, Fountain Hills saw a total of 1,524 active for sale homes so far this year, and the 300,000-399,999 price category recorded one of the largest numbers of residences for sale with 309 units listed. In comparison to the same period in 2014, which posted 1,460 homes for sale, Fountain Hills posted a 4.4% gain in the total number of active residential listings, a net advance of 64 residential homes. The area's average active list price year to date of $538,236 posted an increase of 6.1% above the average list price of $507,234 from the same reporting period last year. The cumulative days on market for actively listed homes in Fountain Hills was 110 days through the month of October, an 8.3% decline below the average in comparison to this period one year ago. Listed houses for sale appear to be taking less days to sell this year on average.

Sam Lawmaster is a Fountain Hills REALTOR specializing in residential listings. Information provided by ARMLS and deemed accurate but not guaranteed; percentages rounded. For the most recent local real estate market info or to obtain a free no obligation evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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