As of February 1st, there are 314 Active Residential Listings. That's even fewer than last month. Normally, we would see the inventory start to rise a bit this time of year?? Of that total - 202 are single family homes. There are 12 Lender Owned, single family homes on the market and 16 Short Sales. The distressed properties represent 42% of our closed, single family home sales in January. There are 55 single-family homes that are in Pending Status (under contract) and 36 that have closed. The average number of days on the market were 119 and the average price of those Pending Sales is $390,022 (single family). The sellers are got an average of 96% of their list price for a traditional sale. While the Short Sales and Foreclosures averaged 100%. I guess there isn't much wiggle room when they are already priced below market. The average closed sales price is $360,986 (single family). There are 139 properties with scheduled trustee sale dates in the next 90 days. That's almost 10% fewer than just a couple of months ago. Most likely due to the banks successfully closing more Short Sales. If you are a buyer, you should know that the inventory is low and the good ones still sell quickly and for a good price - sometimes above the list price. It also looks like you may have slightly more negotiating power with a homeowner rather than a bank in a distressed sale. Fountain Hills home values are down by an average of 50% from 2005-2006 compared to other parts of the Phoenix Metro Area that are down 65%. That combined with historically low interest makes this a great time to buy or invest in real estate. You can easily search for homes in Fountain Hills or surrounding communities on my website at www.MyHassleFreeListings.com. Call me today at 602.400.0250 or toll free at 888.311.4833. If you, or someone you know are behind on their mortgage payments and owe more than the home is worth, please visit http://FountainHillsShortSales.com to find out how I may be able to help.
ZIP Code: 85268 Approximate Location Boundaries: Scottsdale, Mesa, Rio Verde
Location Characteristics: Welcome to Fountain Hills! Located just east of Scottsdale and only 25 minutes from Phoenix Sky Harbor Airport. Fountain Hills currently has a population of about 24,000 people and was voted the #1 Place to Live in the Phoenix Magazine! Truth be told, Fountain Hills is more a way of life than a city. The exceptional views, prime location and friendliness of the people all work in conjunction to create a lifestyle that is truly unique. Remarkably, stress levels seem lower, and smiles seem to appear more frequently in Fountain Hills. It must be the delightful combination of year-round mild temperatures and a diverse population from young families to retired executives.
About Lisa Murray:
Selling a home in this area can't be all that tough, right? After all, Arizona is the destination for many people around the world! My job? To sell your home in accordance with your desired timing for the most money, the best terms and the least hassles All the while safe guarding your best interests. Great results are my business! I am constantly striving to keep informed about developments in the real estate market and maintain close contact with my clients.
My energy, combined with my knowledge and experience in all aspects of real estate yields great results for YOU!.
Originally from Minnesota, I worked as a flight attendant for Northwest Airlines for 17 years. I gained the most valuable customer service experience imaginable during those years. I’ve been a Fountain Hills resident for over six years now and have to say, it was love at first sight!
I enjoy spending time with family and friends and my two dogs Jake & Elwood!
I also enjoy giving time back to our beautiful community through my involvement in the following organizations:
Board Member of the Fountain Hills Chamber of Commerce. Member of the Fountain Hills Noon Kiwanis Board Member of the Fountain Hills Republican Club
These reports reflect the views and opinions of their authors and are not necessarily the views and opinions of Realty Times.
