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Market Conditions in 85268 : Real Estate Advice

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  • Home Buying12
  • Home Selling2
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Activity 5
Thu Feb 7, 2013
Philip.hl.lam answered:
what is the average sold price in az 85268
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Wed Oct 23, 2013
Tim Grossglauser answered:
Not necessarily any groups, but finding a person who specializes in property management who gets the job done for you per your requirements. As long as you are both reasonable as far as terms and pricing with each other. Sometimes the larger firms lack the one on one dedication to their clients. ... more
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Sun Nov 2, 2008
Tylee Leighton answered:
Jim,

Your observations really illustrate the reality that real estate markets are local. The media portrays the entire valley as being in a housing crisis when the reality is there are distressed markets in the valley. Places like Fountain Hills, Paradise Valley & Scottsdale have not seen the level of distress and decline which other parts of the valley have seen. This is not a surprise since these were not markets where the vast majority of 2004/2005 speculatory purchases were made.

You are correct about the financing issues. We have another round of ARM adjustments coming next summer, many of those JUMBO loans - so unless something is done to stem the tide of foreclosures we will continue to see distressed property skewing the values lower. Once we get through this glut of distressed inventory, we will see stabilization of prices. The number of sales is going up and seems to have stabilized to a certain degree nationally based on the stats for recent months.

Tylee
... more
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Wed Feb 6, 2008
Steve Belt answered:
Thu Jun 20, 2013
Steve Belt answered:
Right now, there are 483 single family homes listed for sale in Fountain Hills, with an average days on market of 180 days. But that's across all sizes of homes, from 1000 sq ft, to 18,000 sq ft. Not a very useful statistic really.

In Fountain Hills, the quality of the view is a serious determinant to days on market, of course, along with price and property condition. Right now is basically the start of the strongest buying/selling cycle that Fountain Hills sees each year.
... more
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