Sun Apr 18 2021
This week the median list price for Fountain Hills, AZ is $812,500 with the market action index hovering around 74. This is an increase over last month's market action index of 59. Inventory has held steady at or around 30.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
|Median List Price||$812,500|
|Per Square Foot||$286|
|Days on Market||21|
|Strong Seller's Market|
Again this week we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. The Market Action Index is a good leading indicator for the durability of this trend.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$2,399,000||5,572||0.5 - 1 acre||5||5||12||1||2||35|
|$1,100,000||3,637||0.5 - 1 acre||3||3||23||2||5||21|
|$778,944||2,935||0.25 - 0.5 acre||4||3||24||3||3||14|
|$569,900||2,014||0.25 - 0.5 acre||3||2||32||5||4||0|