Fountain Hills, Arizona – Real Estate Profile

The town of Fountain Hills covers 18.2 square miles and is most widely recognized for its massive 560 foot fountain that spews approximately 7000 gallons of water per minute. As of the 2000 census, Fountain Hills was named the 8^th fastest growing city in all of Arizona. Many home buyers are attracted to real estate in Fountain Hills for several reasons. The fountain itself brings the community together with yearly festivals, art walks, events, and much more. This upscale community also offers the peace and tranquility many people seek outside of city life. Real Estate in Fountain Hills consist of luxury, custom homes, single family residences, condominium and town home living. Residents can choose to live in the mountains, golf course communities or in the main downtown area. Minutes from Scottsdale, Paradise Valley and Phoenix, Fountain Hills has convenient access to nearby towns and cities. Additionally, Fountain Hills is a few miles from Highway 87 and roughly one hour from beautiful Payson.

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Buying Real Estate in Fountain Hills

Fountain Hills offers a wide variety of styles of homes, and can accommodate just about any type of real estate home buyer. Affordable condominiums and town homes are plentiful, and many have outstanding amenities such as golf courses, pools and spas, and concierge services. For those seeking to purchase a single family home, Fountain Hills has affordable pricing with great communities that have their own parks and community center. Some of the major, private subdivisions like Fire Rock or Crestview are host to various custom homes with outstanding views and luxurious amenities. Buyers looking to purchase commercial real estate will find Fountain Hills has primarily small businesses and offices. Shopping centers and large corporate offices are not a part of the town’s landscape, as Fountain Hills is known for its privacy and dedication to its town’s people and caters much to its tourist population and winter residents; a majority of whom migrate from Canada.

Fountain Hills Home and Land Foreclosures

Since the beginning of 2009, two-hundred and six foreclosed homes have been sold. Of the two-hundred and six, one hundred and twenty-nine of them were single family residences with an average sale price of $440,000 for roughly a 3,000 square foot home. Currently there are 30 foreclosed home available on the market in Fountain Hills. Prices range from $180,000 to $1.7 million dollars.

Land available for purchase in Fountain Hills in plentiful. The Fountain Hills market currently has 239 active land listings available starting at $55,000 and increasing to just over $5.5 million dollars. Acreage ranges from under 1 acre to over 33,000 acres. Of the 229 active listings, 16 are foreclosed properties starting at $59,000 to $299,000 for 2 acres or less. Since the beginning of 2009 fifteen parcels of foreclosed land in Fountain Hills have closed with an average sale price of $180,000. If you are interested in purchasing a piece of foreclosed land or a foreclosed residence, contact The Gary May Group today, we have many bank owned parcels available.

Fountain Hills Foreclosures, Bank Owned Homes, Short Sales

Fountain Hills Land and Buildable Lots

Building your dream home or commercial business in Fountain Hills is promising. Fountain Hills has some of the most picturesque land available in all of the state. Whether it’s a hillside lot, a golf course lot, or dozens of acres of open land on the outskirts of town, there are many options available. Easy highway access, close to town, room for horses and toys, or hiking trails; Fountain Hills land real estate will not disappoint. The average price for a piece of non-foreclosed land real estate in Fountain Hills is $409,000 for a few acres! Contact the Gary May Group for further details.

Commercial Real Estate in Fountain Hills

Like many quaint towns in Arizona, Fountain Hills prides itself of being free of large commercial real estate. Small offices or specialty shops are primarily what’s available for purchase in Fountain Hills. Prices start at $109,000 and go up to $1,300,000. Twenty-seven commercial real estate properties are currently available. The past year has seen 7 pieces of commercial real estate in Fountain Hills close with an average sale price of $583,000. If commercial real state is your venture, call the Gary May Group to find out more about purchasing your business in Fountain Hills.

Fountain Hills Documents

Fountain Hills Building Development Map

Fountain Hills Land Use Map

Fountain Hills Plat Map

Fountain Hills Zoning Map

Fountain Hills Zoning Ordinance

Taxes

The average price of a single family home in Fountain Hills is $540,000. For the 2009 tax years, the average household paid between $2,400 and $3,600 in property taxes. In 2008 the average household paid between $2,300 and $3,400. A majority of property taxes in Fountain Hills go toward education. $4,127 is spent per student in the Fountain Hills School District.

Growth and Development

The past 30 years has seen a great influx in the Fountain Hills population. Fountain Hills has repeatedly been named one of the best town’s to raise a family, as well as the most affordable suburb in Arizona. Between 1985 and 1990 the population of Fountain Hills doubled, since then the population has increased slowly topping out at almost 25,500 citizens.

Most recently in 2008 Fountain Hills began upgrading its park, and finished the project this past year, adding a skate park, dog park, athletic fields, a playground, picnic ramadas, and a playground. Additionally, in 2009 the town’s original grocery store, Basha’s, was renovated and reopened, creating an anchor as the town’s main source for shopping. The recent rise in foreclosures has halted further development in the town of Fountain Hills, but the citizens remain positive for the future.

Key Characteristics of the Fountain Hills Area

-Ranked as one of the top 50 towns to raise a family

-Phoenix Magazine stated Fountain Hills as being one of the top 10 places to live in Arizona.

-2009 Business Week magazine ranked Fountain Hills as one of the most affordable place to live in Arizona

-500 acre Eagle Mountain and 950 acre Sunridge Canyon offer 10 different subdivisions, championship golf courses, clubhouses, and restaurants

-Land still available and ready for development at the foothills of the McDowell Mountains

-Land still available in the downtown area for commercial real estate development

-Recent purchase of land in the Verde Valley area will allow more than 1,000 upscale homes to be built, 2 equestrian facilities, and a boutique hotel and spa

-The great fountain is the center of attraction and holds the community together offering renown events and fairs, a huge park, and specialty shops and restaurants.

-Convenient living with nearby shopping centers, Mayo Clinic, major highways, and excelling school systems.

-Special events bring the community together and give it national and world-wide recognition

AREA ACTIVITY

Fountain Hills Trail Map

Geographic Detail Map

Click on Map for Larger Image

DEMOGRAPHIC DATA BY ZIP CODE 85268 | 85269
Population			Households
Total Population	25,227		Total Households	20,218
Male Population	12,181	48.3%	Family Households	17,505
Female Population	13,046	51.7%	Non-Family Households	2,713
Density (Persons per Square Mile)	1,389		Households with Children	3,547
Median Age	4604		Average People per Household	2.3

Tags: real estate foreclosure, bank owned properties, REO,  real estate, real estate foreclosures, real estate short sales

For a current listing of Fountain Hills foreclosures contact the Gary May Group, Fountain Hills foreclosures specialists.