Pango Group

Paradise Valley, AZ

Single-Family Homes

www.pangogroup.com



Paradise Valley, AZ

Tue Jul 16 2024
This week the median list price for Paradise Valley, AZ is $5,497,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 144. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Paradise Valley, AZ

Tue Jul 16 2024
This week the median list price for Paradise Valley, AZ is $5,497,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has decreased to 144. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,497,000
Median Price of New Listings $3,822,500
Per Square Foot $911
Average Days on Market 165
Median Days on Market 112
Price Decreased 49%
Price Increased 5%
Relisted 12%
Inventory 144
Median Rent
Market Action 33
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$9,972,500 7,596 1 - 2.5 acres 5 7 1 3 5 136
$6,185,000 6,747 1 - 2.5 acres 5 6 17 1 2 101
$4,500,000 5,179 1 - 2.5 acres 4 5 28 3 3 112
$2,822,500 3,272 0.25 - 0.5 acre 4 4 46 5 3 77