BUDWIG TEAM REPORTS
Paradise Valley, AZ 85253
Single-Family Homes
Your Arizona Real Estate Team
Paradise Valley, AZ 85253
Sat Dec 21 2024
This week the median list price for Paradise Valley, AZ 85253 is $5,650,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has decreased to 157.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
Market Narrative
Home sales have begun exceeding new inventory. While still a Buyer’s market, prices seem to have already started to respond. If the trend continues, expect prices to keep marching upward.
Real-Time Market Profile
| Median List Price | $5,650,000 | |
| Median Price of New Listings | $4,295,000 | |
| Per Square Foot | $935 | |
| Average Days on Market | 157 | |
| Median Days on Market | 77 | |
| Price Decreased | 45% | |
| Price Increased | 1% | |
| Relisted | 5% | |
| Inventory | 157 | |
| Median Rent | ||
| Market Action | 28 | |
| Slight Buyer's Advantage | ||
Prices is this zip code this week saw relatively little change from last week. However the market appears to be trying to establish an uptrend. Keep an eye on the Market Action Index to determine if demand will help push prices higher.
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 |
|---|---|---|---|---|---|---|---|---|
| $9,750,000 | 8,173 | 1 - 2.5 acres | 5 | 7 | 13 | 3 | 6 | 77 |
| $6,495,000 | 6,655 | 1 - 2.5 acres | 5 | 6 | 18 | 1 | 2 | 70 |
| $4,795,000 | 5,134 | 1 - 2.5 acres | 4 | 5 | 32 | 2 | 5 | 84 |
| $2,962,500 | 3,960 | 1 - 2.5 acres | 4 | 4 | 45 | 3 | 3 | 84 |