BUDWIG TEAM REPORTS

Paradise Valley, AZ 85253

Single-Family Homes

Your Arizona Real Estate Team


Paradise Valley, AZ 85253

Thu Sep 19 2024
This week the median list price for Paradise Valley, AZ 85253 is $4,999,500 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 120. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Paradise Valley, AZ 85253

Thu Sep 19 2024
This week the median list price for Paradise Valley, AZ 85253 is $4,999,500 with the market action index hovering around 33. This is about the same as last month's market action index of 33. Inventory has increased to 120. 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

Market Narrative

The market has been cooling off a bit in recent weeks, as more homes are available and demand is less. We’re already seeing prices move lower as a result, though the market is still in the Seller’s zone. Expect this trend to continue especially if the index falls to the Buyer’s zone. Watch for a persistent up-turn in Market Action to signal prices rising again.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $4,999,500
Median Price of New Listings $4,362,500
Per Square Foot $907
Average Days on Market 164
Median Days on Market 133
Price Decreased 36%
Price Increased 3%
Relisted 16%
Inventory 120
Median Rent
Market Action 33
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$9,997,500 7,933 1 - 2.5 acres 5 7 1 4 0 168
$6,000,000 6,841 1 - 2.5 acres 5 6.5 22 2 2 140
$4,500,000 5,179 1 - 2.5 acres 4 5 29 4 1 112
$2,672,500 3,782 0.5 - 1 acre 4 4 48 6 4 112