Pango Group

Paradise Valley, AZ

Single-Family Homes

www.pangogroup.com



Paradise Valley, AZ

Sun Mar 03 2024
This week the median list price for Paradise Valley, AZ is $5,695,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has increased to 196. Click here to stay informed with the Paradise Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Paradise Valley, AZ

Sun Mar 03 2024
This week the median list price for Paradise Valley, AZ is $5,695,000 with the market action index hovering around 30. This is about the same as last month's market action index of 30. Inventory has increased to 196. Click here to stay informed with the Paradise Valley market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

While prices have been at a plateau for a number of weeks, this is a Buyer’s market and the supply of homes listed has started growing relative to demand. This indicates that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,695,000
Median Price of New Listings $5,000,000
Per Square Foot $939
Average Days on Market 144
Median Days on Market 91
Price Decreased 31%
Price Increased 2%
Relisted 10%
Inventory 196
Median Rent
Market Action 30
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$12,250,000 8,250 1 - 2.5 acres 5 7 1 2 0 91
$6,995,000 7,124 1 - 2.5 acres 5 6 24 5 0 77
$4,699,999 5,509 1 - 2.5 acres 5 5 33 8 1 105
$2,699,900 3,729 0.5 - 1 acre 4 4 46 4 9 91