The Median Sales Price in Fountain Hills was $487,500 in August, down slightly YoY from $503,500 in Aug ‘18, but still higher than the $434,500 median price in Aug ‘17. The trend, however, is clearly upwards since the market’s bottom in 2010, with a few ups and downs along the way.
A couple interesting thoughts about this chart:
Fountain Hills does not have as much sales volume as some of the other cities, which leads to more volatility from month to month. This is why it’s a good idea to look at larger time bands (such as quarterly numbers) or longer time horizons (such as the trend since 2010.)
Fountain Hills is one of the few cities in the Valley which has not yet fully recovered back to the pricing levels from 2005 - 2006. Those who bought homes here in the peak might still be selling at a loss today. Patience, Fountain Hills. Patience.
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.