buying a lot in Fountain Hills

Asked by Skyreacher, Arizona Fri Dec 7, 2012

I am considering buying some land in Fountain Hills to build on. Is there any info that can be provided on market trends? I am from CT.

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Susan Pellegrini, The Pellegrini Group’s answer
Susan Pelleg…, Agent, Scottsdale, AZ
Sat Dec 8, 2012
Hello,

You are wise to consider purchasing a lot in Fountain Hills. I specialize and live in Fountain Hills. Our lot sales have dramatically increased in the past year. There is very little new construction in Fountain Hills and it is possible to build a new home for a total cost less than existing homes. I anticipate continued demand in Fountain Hills lots as our inventory continues to shrink.

One of the most important factors to consider is the ultimate cost you wish to invest in a total land/home package. Are you thinking you wish to buy, hold and ultimately resell the lot? Or will you build? Do you wish to be in a gated community or prefer property in a community that does not have an HOA dues?

I look forward to hearing from you and answering your questions.

Sincerely,

Susan Pellegrini PLLC
1 vote
Mike Stanton, Agent, Tempe, AZ
Mon May 13, 2013
So......Skyreacher.......Did you ever find that lot? I've sold a few this past year .... maybe you were on the other side of one of those transactions?!? If not, call me to find out what's happening in this current market.

Mike
480-215-2333
az.mike@yahoo.com
0 votes
Sherayn Allen, Agent, Mesa, AZ
Fri Dec 7, 2012
Here are the lot sales for Fountain Hills for the past 6 months, in addition you will also be able to look through the active and pending lots there.

http://www.flexmls.com/link.html?x5gnwz7n4ed,12,1

That should provide you relevant trends.
0 votes
Jeffrey Masi…, Agent, Scottsdale, AZ
Fri Dec 7, 2012
Dear Sky:

Yes, if you need market trends see, http://www.trulia.com/blog/jeffmasich/2012/12/phoenix_metro_…

Also to see available lots in the metro area: http://link.flexmls.com/ub8m4bmhur5,12

If you need to see what lots have sold for, let me know the type of lot and location you are thinking of.

Jeff Masich, Realtor
HomeSmart Realty
Scottsdale, AZ
JeffMasich@ArizonaHomesLand.com
480-556-0940
http://ArizonaHomesLand.com
0 votes
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