Fountain Hills – Arizona

Fountain Hills – Arizona

Its proximity to Scottsdale and Phoenix, along with the incredible beauty of the Sonoran Desert, have been two important factors for the strong real estate market in Fountain Hills. The town is approximately 86% built out, so there is still time to invest in such a unique setting.

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to rise a bit. Technically, supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. There were only 138 single-family detached homes sold in the second half of 2023. Much less than the 362 sold in the first half. However, median and average sold prices remained about the same.

MARKET DATA
(Sales Closed from July 1, 2023 to December 31, 2023)
SINGLE-FAMILY HOMES ONLY
MEDIAN PRICE:
$782,000
AVG PRICE:
$1,050,430
HOMES CLOSED:
138
AVG  SQ. FT:
2710

Based on information from Arizona Regional MLS for the period

TRENDS

Source: Arizona Multiple Listing System

*It’s important to note that the real estate market can be influenced by many factors, such as economic conditions, interest rates, and local markets. it’s always advisable to contact us for the most up-to-date and specific information.

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