Fountain Hills is home to the world-renowned fountain – one
of the largest fountains in the world, extending up to 560 feet. Fountain Hills
is a small, intimate community with a population of just under 25,000, as of
2010.
There are unmatched views of Four Peaks, and surrounding mountain vistas.
Fountain Hills is home to the world-renowned fountain – one
of the largest fountains in the world, extending up to 560 feet. Fountain Hills
is a small, intimate community with a population of just under 25,000, as of
2010. There are unmatched views of Four Peaks, and surrounding mountain
vistas.
Located on 12,996 acres of land, Fountain Hills is
surrounded by the 3,500-foot McDowell Mountains and Scottsdale
on the west, the Fort McDowell Yavapai Nation on the east, the Salt River Pima
Maricopa Indian Community on the south and the McDowell Mountain
Regional Park
on the north. This provides an
outstanding sweeping Mountain View
from many of the homes and businesses.
The Town offers a wide range of living accommodations; from
small condominium complexes to large custom homes. Fountain Hills also offers
recreational, cultural and retirement programs that address the needs and
lifestyles of active families as well as older adults.
In 2006, Fountain Hills was named by Phoenix Magazine as the
best place to live in the Valley of the Sun and was cited as “a welcome oasis
on the outskirt of a metropolis.” The
magazine measured the quality of life in 22 Valley communities, including the
statistical analysis of each community’s population, income, home price, crime
rate, miles to Sky
Harbor Airport,
and square feet of retail. The criteria
used by the magazine in this ranking are similar to the priorities established
in the Town’s Strategic Plan. The volunteer spirit and high level of
involvement of the citizens and business representatives were highlighted.
Fountain Hills, AZ – Real Estate Market Data – October 2012
Click here for full report – Fountain Hills Market Data
Property Sales
October Property sales were 64, up 30.6% from 49 in October of 2011 and 10.3% higher than the 58 sales last month. October 2012 sales were at their highest level compared to October of 2011 and 2010. October YTD sales of 718 are running 5.9% ahead of last year’s year-to-date sales of 678.
Prices
The Median Sales Price in October was $261,500, up 24.5% from $210,000 in October of 2011 and down 20.2% from $327,500 last month. The Average Sales Price in October was $306,667, up 14.7% from $267,266 in October of 2011 and down 17.4% from $371,154 last month. October 2012 ASP was at a mid range compared to October of 2011 and 2010.
Inventory & MSI
The Total Inventory of Properties available for sale as of October was 326, up 5.8% from 308 last month and down 17.7% from 396 in October of last year. October 2012 Inventory was at its lowest level compared with October of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The October 2012 MSI of 5.1 months was at its lowest level compared with October of 2011 and 2010.
Market Time
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for October was 63, down 19.2% from 78 days last month and down 7.4% from 68 days in October of last year. The October 2012 DOM was at its lowest level compared with October of 2011 and 2010.
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Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.
