Fountain Hills, AZ – Real Estate Market Data – December 2012
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December Property sales were 55, down 15.4% from 65 in December of 2011 and 9.8% lower than the 61 sales last month. December 2012 sales were at their lowest level compared to December of 2011 and 2010. December YTD sales of 833 are running 4.8% ahead of last year’s year-to-date sales of 795.
The Median Sales Price in December was $335,000, up 36.7% from $245,000 in December of 2011 and up 21.8% from $275,000 last month. The Average Sales Price in December was $433,182, up 52.0% from $284,998 in December of 2011 and up 29.6% from $334,308 last month. December 2012 ASP was at the highest level compared to December of 2011 and 2010.
The Total Inventory of Properties available for sale as of December was 332, up 3.8% from 320 last month and down 10.5% from 371 in December of last year. December 2012 Inventory was at its lowest level compared with December of 2011 and 2010. A comparatively lower MSI is more beneficial for sellers while a higher MSI is better for buyers. The December 2012 MSI of 6.0 months was at a mid level compared with December of 2011 and 2010.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for December was 67, up 24.1% from 54 days last month and down 36.2% from 105 days in December of last year. The December 2012 DOM was at its lowest level compared with December of 2011 and 2010.
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Copyright © Coldwell Banker Residential Brokerage – Data is provided courtesy of Arizona Regional Multiple Listing Service, Inc.; Tucson Association of Realtors and Prescott Area Association of Realtors and may not reflect all relevant real estate activity. Coldwell Banker Residential Brokerage does not guarantee the accuracy of this information. It is the responsibility of any buyer or seller to verify any and all information relevant to such consumer’s real estate transaction.