2012-2013 Fountain Hills Community Guide—Page 73
Real Estate If the truth be told, Fountain Hills represents more a way of life than a town. Exceptional views, prime location and friendliness of people all combine to create a lifestyle that reduces stress and broaden smiles. When you choose a home here, you invest in wideopen spaces, dark evening skies and desert environment. Home sizes are as diverse as the community’s population extending from retirees, seasonal visitors, professional couples and young families. Single-family homes, condominiums, town houses and luxury custom homes can be found to match their lifestyles and household budgets. Emerging from one of the biggest real estate bubbles followed by a humongous bust, the housing market shows signs of a positive turnaround --- a lower inventory, a slight uptick in home prices and fewer foreclosures. May 2012 began with 308 active residential listings,
a drop of 43 percent from the previous May 2011, as reported by Coldwell Banker Residential Brokerage. April 2012 ended with 84 property sales, bringing the total number of sales year-to-date to 313, slightly .6 percent behind year-to-date sales of 315 a year ago. The median sales price from January through April 2012 was $239,900. Only 8 percent of the town’s single family homes fell in the distressed category, said RE/ MAX Sun Properties Realtor Lisa Murray. Demand for housing seems to be greater than the supply, said Murray, reporting that only 41 new single family home listings went into the Multiple Listing Service in April 2012. The average number of days for a house on the market is 108 days. The average selling (continued on page 74)
Red Rock, a favorite landmark in Fountain Hills, is surrounded by fog one winter morning in January.
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16872 E. Avenue of the Fountains, #103 Fountain Hills, AZ 85268 Office: (480) 837-1331 Toll Free: (800) 678-3514
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