Fountain Hills Arizona October Real Estate Report

Keeping track of your local real estate market can help you gain a perspective about the value of your home.
And if you’re thinking about putting your Fountain Hills home on the market, these figures can be a valuable tool in helping you determine a realistic price.

October 2009 Inventory
There are 347 single family houses on the market in Fountain Hills.

Price is what the seller expects.
$$$$$$$
100,000-200,000 6 for sale 1 foreclosure 4 short sales
200,000-300,000 43 for sale 7 foreclosures 10 short sales
300,000-400,000 50 for sale 4 foreclosures 12 short sales
400,000-500,000 39 for sale 2 foreclosures 3 short sales
500,000-600,000 35 for sale 2 foreclosures 6 short sales
600,000-700,000 26 for sale 1 foreclosure 2 short sales
700,000-800,000 19 for sale 2 foreclosure 2 short sales
800,000-900,000 20 for sale 0 1 short sale
900,000-1Million 17 for sale 1 foreclosure 1 short sale
1M-2Million 69 for sale 7 foreclosures 9 short sales
2M-3Million 24 for sale 0 0
3M+ 7 for sale 0 0

Value is what the buyer expects.
Here’s what buyers believed was a good value for their price.

A total of 26 single family homes pended. 11 were foreclosures and 2 were short sales. That translates to 50% of purchased homes are


100,000-200,000 1 pended
200,000-300,000 7 pended 4 foreclosures 1 short sale
300,000-400,000 3 pended 2 foreclosures 0 short sale
400,000-500,000 5 pended 2 foreclosures 1 short sale
500,000-600,000 4 pended 0 0
600,000-700,000 2 pended 1 foreclosure 0
700,000-800,000 2 pended 1 foreclosure 0
800,000-900,000 0
900,000-1M 1 pended
1M-2Million 1 pended 1 foreclosure

When price and value are equal the seller sells, the buyer buys and the home gets a new owner.