First Arizona Title's Market Report

Paradise Valley, AZ

Single-Family Homes

First Arizona Title Agency | (480) 385-6500 | www.FirstAZTitle.com



Paradise Valley, AZ

Fri May 27 2022
This week the median list price for Paradise Valley, AZ is $5,000,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 82. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Paradise Valley, AZ

Fri May 27 2022
This week the median list price for Paradise Valley, AZ is $5,000,000 with the market action index hovering around 45. This is less than last month's market action index of 48. Inventory has increased to 82. 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.

Strong Seller's Market

The market has been cooling over time and prices have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,000,000
Median Price of New Listings $3,600,000
Per Square Foot $783
Average Days on Market 94
Median Days on Market 56
Price Decreased 38%
Price Increased 7%
Relisted 1%
Inventory 82
Median Rent
Market Action 45
Strong Seller's Market

Despite this week’s down tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.

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
$11,200,000 10,251 1 - 2.5 acres 5 8 13 1 0 77
$5,997,000 7,598 1 - 2.5 acres 5 7 20 3 1 80
$3,895,000 5,235 1 - 2.5 acres 5 5 29 3 1 28
$2,494,000 3,154 1 - 2.5 acres 4 3 51 4 4 21