What is the current Real Estate Market Trends in Fountain Hills, Winter visitors are coming back. Buyers are buying. This is turn is going to drive our Real Estate Resale market the first quarter of 2015. The last two years in Fountain Hills have seen a double digit appreciation value each year for homes. This has driven the amount of listings higher allowing more options for buyers. As of October 1, 2014 the number of new listings in Fountain Hills rose about 17% from previous month. Average days on market is about 120 days and currently Fountain Hills has about a 3.4 months supply at the current rate at which homes are selling. The market trend shows that it will be a buyers market this year Now is a better time then ever to sell your home.
Many buyers that foreclosed or Short Sold their home back in 2008 -2013 and are now again eligible to buy a home. Depending on the type of loan, whether VA, FHA or conventional different requirements need to be met to reenter the buying market. With mortgage rates at historic lows, this entices buyers to buy again.