June 2007 Housing Market Report - Fountain Hills, AZ 85268

Housing Market Report for Fountain Hills, AZ 85268 for the period beginning June 1, 2007 through June 30, 2007.

June 1, 2007 through June 30, 2007

• # of homes sold 44
• Avg. sale price $544,896
• Avg. days on market 133

Compared to June 2006

• # of homes sold 70
• Avg. sale price $561,049
• Avg. days on market 100

The number of homes sold in Fountain Hills during June 2007 is lower than the same time period last year. Homes are taking on average approximately 33 days longer to sell and average sales prices have decreased slightly.

The number of new listings for the month is significantly less with 156 new listings in June of 2007 vs. 196 for the same period in 2006. Inventory remains strong with approximately 733 homes currently listed for sale in Fountain Hills. Because of strong inventory buyers have more options available to them and are being more discriminate. Sellers in Fountain Hills who wish to expedite the sale of their home and receive top dollar should consider working with a Professional Realtor who specializes in home sales within Fountain Hills, and a professional home stager to prepare their house for optimal showing.

There were 3 luxury homes in Fountain Hills that sold for more than $1 million dollars during June 2007. The most expensive was a custom Tuscan style home built in Crestview in 2006 which sold for $2,119,000. The 5,834 sf home features 4 bedrooms, 4.5 baths, media room, wine room and a heated negative edge pool and spa that look out over spectacular mountain views and stunning city lights.

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