Fountain Hills Market Report – February 2008
Posted on March 10th, 2008 by ScottsdaleHomes.com
Overall the Fountain Hills market is stable. The prices per square foot are 13.3% higher for single family homes and 6.28% – for condos than last year in February 2007.
Single Family Homes Sales Report
| Average | Feb-07 | Jan-08 | Feb-08 | % Change Feb-08/Jan-08 | % Change 08/07 |
|---|---|---|---|---|---|
| Asking Price | $638,707 | $800,640 | $774,951 | -3.21% | 21.33% |
| Sales Price | $606,233 | $762,376 | $722,424 | -5.24% | 19.17% |
| % of Asking Price | 94.92% | 95.22% | 93.22% | -2.10% | -1.78% |
| $/SQFT | $245.04 | $292.88 | $277.64 | -5.20% | 13.30% |
| Days on Market | 160 | 146 | 167 | 14.38% | 4.38% |
| Total Transactions | 44 | 29 | 33 | 13.79% | -25.00% |
Condos and Townhouses Sales Report
| Average | Feb-07 | Jan-08 | Feb-08 |
% Change Feb-08/Jan-08
|
% Change 08/07 |
|---|---|---|---|---|---|
| Asking Price | $285,547 | $321,421 | $323,218 |
0.56%
|
13.19% |
| Sales Price | $273,473 | $304,406 | $312,930 |
2.80%
|
14.43% |
| % of Asking Price | 95.77% | 94.71% | 96.82% |
2.23%
|
1.09% |
| $/SQFT | $197.88 | $198.31 | $210.30 |
6.05%
|
6.28% |
| Days on Market | 163 | 159 | 183 |
15.09%
|
12.27% |
| Total Transactions | 17 | 14 | 13 |
-7.14%
|
-23.53% |