Fountain Hills Market Data - February 2023 by waltdanleycire

Walt Danley Christie ’ s international Real Estate

Market Data Report

Fountain Hills

February, 2023

The supply of active listings rose from 111 to 128 during January, and this total is up 121% from the 58 that we saw on February 1st, 2022. There were 24 closed sales during January, down from 38 in January 2022 but still a respectable total as the third highest January ever. Pricing has stabilized. The twelve-month average price per sq. ft. came in at $392 in January, up 24% from $315 a year earlier. The six-month average rose from $320 to $390 over the last year while the volatile three-month average was $368 per sq. ft., up 13% from $325 a year earlier, but well below the peak of $418 reached in September.

Information is power and the real estate professionals of Walt Danley Christie’s International Real Estate are committed to providing our clientele with the most up-to-date market intelligence available. The information contained in this report has been compiled from the Arizona Regional Multiple Listing Service and various public records. This data is then scrubbed and analyzed in conjunction with The Cromford Report exclusively for the use of Walt Danley Realty and our clients.

Information contained in this report has been prepared by Walt Danley Realty in conjunction with The Cromford Report exclusively for WDR and their clients. All other use is expressly forbidden. © 2023 Paradise Valley Office: 480.991.2050 Scottsdale Office: 480.909.4577 WaltDanley.com

Fountain Hills - February 2023

Average Price per Square Foot for Closed Transactions the Last 17 Years

Number of Listings by Status for the Last Two Years

This graph shows the number of homes that were active in the area as of the 15th of the previous month. It also shows the number of offers that were accepted and the number of transactions that were closed within the entire month.

Sales Price as a Percentage of Original List Price

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

Average Price

The average list price of Active listings is measured the 15th of each month. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.

Paradise Valley Office: 480.991.2050

Scottsdale Office: 480.909.4577

WaltDanley.com

10 30 50 70 90 110 130 21-Feb 21-Mar 21-Apr 21-May 21-Jun 21-Jul 21-Aug 21-Sep 21-Oct 21-Nov 21-Dec 22-Jan 22-Feb Mar-22 Apr-22 22-May 22-Jun 22-Jul 22-Aug 22-Sep 22-Oct 22-Nov Dec-22 23-Jan Active Accepted Offers Closed $100 $150 $200 $250 $300 $350 $400 $450 Jan-06 Jul-06 Jan-07 Jul-07 Jan-08 Jul-08 Jan-09 Jul-09 Jan-10 Jul-10 Jan-11 Jul-11 Jan-12 Jul-12 Jan-13 Jul-13 Jan-14 Jul-14 Jan-15 Jul-15 Jan-16 Jul-16 Jan-17 Jul-17 Jan-18 Jul-18 Jan-19 Jul-19 Jan-20 Jul-20 Jan-21 Jul-21 Jan-22 Jul-22 Jan-23 12 Months Avg 60% 65% 70% 75% 80% 85% 90% 95% 100% <90 <150 >150 >365 Days on the Market $1,394,213 $1,506,932 $1,070,881 0 $500K $1.0M $1.5M $2.0M Active Under contract Sold - Last 12 Months

Fountain Hills - February 2023

Market Activity by Price Range

Active listings were measured on the 15th of the previous month. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire previous month.

Inventory - Number of Months Supply

Average Price per Square Foot by Price Range

The number of months it would take to sell all the currently active listings based on the rate of sales over the last 12 months assuming no new listings were added.

Figures for Active and Under Contract were compiled on the 15th of the previous month. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.

Seasonality

New Listings by Month Accepted Offers by Month

Closed Transactions by Month

The charts above reflect activity by month. Each bar represents the percentage of annual business done within a specific month.

Paradise Valley Office: 480.991.2050

Scottsdale Office: 480.909.4577

WaltDanley.com

54 24 10 7 9 28 13 2 4 2 25 10 1 1 14 3 2 1 2 0 10 20 30 40 50 60 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ Active New This Month Offers Accepted This Month Sold This month 2.3 4.1 4.0 2.5 9.0 0 12 24 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ $325 $370 $443 $525 $647 $296 $398 $294 $556 $606 $330 $398 $424 $484 $623 $150 $250 $350 $450 $550 $650 $500K-$1M $1-$1.5M $1.5-2M $2-3M $3M+ Active Under contract Sold - Last 12 Mo 0% 2% 4% 6% 8% 10% 12% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0% 2% 4% 6% 8% 10% 12% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 0% 2% 4% 6% 8% 10% 12% 14% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Fountain Hills - February 2023

Price per Square Foot

Based on size of the home (sold over the last twelve months)

Price per Square Foot

Based on the year built (sold over the last twelve months)

Paradise Valley Office: 480.991.2050

Scottsdale Office: 480.909.4577

WaltDanley.com

$427 $399 $405 $426 $423 $391 $251 $150 $200 $250 $300 $350 $400 $450 Traditional Short Sale REO Active Closed - Last Month Active- 12 Mo Avg Sold - 12-Mo Avg No Active Inventory Price per Square Foot By Type

$322 $331 $366 $401 $623 $606 $200 $250 $300 $350 $400 $450 $500 $550 $600 $650 <1980 1980s 1990s 2000s 2010s 2020s $355 $418 $488 $430 $380 $300 $350 $400 $450 $500 <3,000 3,001-4,000 4,001-5,000 5,001-7,500 7,501-10,000 10,000+ No Sales