BUDWIG TEAM REPORTS

Paradise Valley, AZ 85253

Single-Family Homes

Your Arizona Real Estate Team



Paradise Valley, AZ 85253

Fri Apr 12 2024
This week the median list price for Paradise Valley, AZ 85253 is $5,750,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 208. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Paradise Valley, AZ 85253

Fri Apr 12 2024
This week the median list price for Paradise Valley, AZ 85253 is $5,750,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has increased to 208. 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 Buyer's Advantage

In terms of supply and demand, the market is getting cooler - more supply is coming on the market relative to the sales demand. However, in recent weeks prices have been moving higher. Since it is technically a Buyer's market, this price trend may be a result of improved quality (newer, larger homes) of the homes being listed. Look at the descriptive statistics where you may notice the homes being listed are larger and younger than they have been in the past.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,750,000
Median Price of New Listings $4,300,000
Per Square Foot $937
Average Days on Market 143
Median Days on Market 91
Price Decreased 40%
Price Increased 3%
Relisted 7%
Inventory 208
Median Rent
Market Action 28
Slight Buyer's Advantage

Price trends in this zip code continued their recent uptrend this week. While still below the market's high point, we've seen a nice run recently.

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
$13,275,000 8,320 1 - 2.5 acres 5 7 1 4 2 77
$6,999,999 7,317 1 - 2.5 acres 5 7 18 2 4 63
$4,750,000 5,801 1 - 2.5 acres 5 6 29 2 3 122
$2,975,000 3,864 0.5 - 1 acre 4 4 45 7 5 91