Hello. I'm simply a resident of Fountain Hills. I directed you to Eagle Ridge a few months ago, but the larger homes have all sold recently. Have you looked at this home yet?
http://www.realtor.com/realestateandhomes-detail/16612-E-Gle…

Best of Luck.

Thank you for your interest in Fountain Hills. Square footage price can run anywhere from $180 to $300 depending upon the quality of finish work you are interested in. If the home is located on an arroyo it can be 10-15% more price wise and if on acreage, it can add an additional $150,000 to $300,000 if located in a gated, golf course community or not. If you have a price range in mind, I would be happy to e-mail you current and new listings in Fountain Hills. As far as the market trend, Fountain Hills is unique to many of the valley communities. The inventory is lower than last year at this time, and I believe prices have bottomed out. It may take a few months to stabilize but then prices will hopefully do a gradual climb instead of a rocket climb! Sincerely, Susan

The Fountain Hills area has recently seen an increase in activity. Due to the uniqueness of the town, it is likely to rebound sooner than the greater Phoenix area. It is difficult to say the range per square foot, since so much depends on location, views, and quality of finishes in the home. To give you an idea, the range could be anywhere from $250-400+/sq ft.

It might be helpful to know, the average sales price to list price for the town is about 93% which compares to 95% for this time last year. Again this is just a gauge, you need a knowledgebale agent that's familiar with Fountain Hills to see if a property is priced appropriately.

You sound like you have a good idea what you are looking for in a home. The quick search of Fountain Hills I pulled shows close to 50 homes that may meet your needs. Further review of what your expectations are For example, bordering a preserve vs. just a feeling of open space/low density development, and what the use of all 5 rooms would be (if one is an office, might be listed in MLS as a 4 BR).

If you'd like more information, please don't hestiate to contact me.

Best of luck in your home search!

You may want to look at the homes for sale in the Eagle Ridge development. Nice gated development. some with land/open space/views. all homes are newer. No need to remodel. When you're looking at the more attractive price per sq. ft home in this area and the size that you are interested in, you are probably looking at some remodels. If you're willing to put money and time into that, you can find some great homes in Fountain Hills.

Hey Wayne,

There are currently 2 active listings in Fountain Hills that meet your requirements.
5 bed / 5 baths (plus) Both just over 4800 SQ FT.
1 to 1.9 Acre, both border public land / preserve
Priced $1.299, and $1.670. Million.
Very nice Homes / Estates

How much per Sq FT?
That really depends on what you are buying, Location, Condition, etc...

Will the prices keep going down or rebound?

Who knows?

My opinion is that they will go down further before they rebound.

Good Luck
Patrick

Fountain Hills didn't see quite the boom that the rest of Maricopa County saw. It's always been a little more relaxed pace in Fountain Hills. At the same time, the area is feeling the effects of the current housing slump.

I tend to equate the Fountain Hills housing market with broader Maricopa County's condo market. Slow to react on the up tick. Quicker to react on the down tick. Overall, slow and steady.

When will it rebound? If anyone knew that for certain, they probably wouldn't share. In my opinion, the evaporation of many people's retirement funds, due to the significant declines in the stock market suggest Fountain Hills may be in it for longer than other parts of the Phoenix area.

Getting to your price question. There are a couple of homes under $1M that might meet your criteria, another 6 that feel between $1.2 and $1.9M. With a super nice home at $2.25M. Overall, not a huge number of homes to choose from, currently.

If you'd like more details, feel free to contact me. I'd be happy to chat further.