As of July 1st, there are now only 338 homes for sale in Fountain Hills! Down again from last month. Of that total - only 199 are single family homes and only 78 of them are left under 400K! There are 51 homes for sale between 400 - 600K, 28 from 600 - 1M and another 42 over a million. There are 32 Lender Owned homes on the market and 37 Short Sales. The average price of a single family home is currently 717K. There are 59 homes that have gone under Pending Status (under contract) in the last 30 days and 22 that have closed. The average number of days on the market were 156 and the average price of those Pending Sales is $395,956 (single family). The sellers are currently getting an average of 97% of their list price and the average closed sales price is $479,403 (single family). There are still 161 properties with scheduled trustee sale dates in the next 90 days. Some of those homes, however, might be under contract and will not actually foreclose. 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%. Interest rates are the lowest they have been in 60 years, so the only place for them to go is up. The time to buy is NOW! 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.
