Asked by Jim Campbell, Sunridge Canyon, Fountain Hills • Sun Nov 2, 2008
homes/condos/townhouses. The sales price figures reflect what the small number of buyers are willing to pay for small number of sellers who HAVE to sell in this depressed market. People who don't HAVE to sell are not listing their homes, but are (at least for the moment) holding out for better times. This is a healthy sign if I am reading this market correctly. The new houses/condos which have NEVER been occupied are a problem because of the nature of their short term financing becoming due. These are being distressed and skewing the stats. Fountain Hills is not Las Vegas or Miami. It's survived all of the recessions since 1973, which was the year of it's inception. Whatever wealth is left nationally when this deep recession is over will be attracted to this area because of its uniqueness. Thank you. Jim Campbell, email@example.com, 480 694-2573
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