Market Data - Fountain Hills – August 2016
The supply of active listings fell again from 156 to 141 during July, now only 4% above the 136 we saw at the end of July 2015. All except 3 of the active listings are normal listings with the exceptions being short sales. There were 12 closed sales in July, down from 21 in July 2015 and fairly average for month of July. Between February 2015 and January 2016 the twelve month moving average $/SF fell back from a high of $231 to a low of $212. We are now seeing a bounce back up to $220. The six month average stands at $230 per sq. ft. while the three month moving stands at $222. Pricing over the last year has been weaker in Fountain Hills than most areas, but the most recent 3 months have seen some improvement in that trend.
Average Price per Sq. Ft. for Closed Transactions for the Last 10 Years
The dark blue line shows the trailing 6-month average.
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 month. It also shows the number of offers that were accepted and the number of transactions that were closed within the 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 by Status
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.
Market Activity by Price Range
Active listings were measured on the 15th of July. The numbers for New This Month, Accepted Offers and Sold represent the quantities for the entire month of July.
Months of Inventory Based on Price Range
Average Price per Sq. Ft. based on Price Range
Figures for Active and Under Contract were compiled on July 15th. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.
New Listings by Month
Accepted Offers by Month
Closed Transactions by Month
Price per Sq. Ft. by Size
Price per Sq. Ft. by Year Built
Market Activity by Property Type
Traditional sales are transactions where a lender plays no part in the decision making process associated with the sale. The homeowner is in complete control. Distressed sales are comprised of two main categories; short sales and lender-owned properties (REOs). A short sale occurs when the lender agrees to release the lien on a property (which allows the property to transfer title) for less money than is actually owed. A property becomes an REO when the lender forecloses and takes ownership of a property. As you can see, distressed transactions are now an inconsequential portion of the market.
Active - This Month
Sales - This Month
Active – 12-Month Average
Sales – 12-Month Average
Price per Sq. Ft. by Type