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

Thu Jan 28 2021
This week the median list price for Paradise Valley, AZ is $3,695,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 147. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Paradise Valley, AZ

Thu Jan 28 2021
This week the median list price for Paradise Valley, AZ is $3,695,000 with the market action index hovering around 33. This is an increase over last month's market action index of 32. Inventory has held steady at or around 147. 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

The market remains in a relative stasis in terms of sales to inventory and prices have been relatively stable for a few weeks. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $3,695,000
Per Square Foot $570
Days on Market 202
Price Decreased 29%
Price Increased 9%
Relisted 6%
Inventory 147
Median Rent $20,000
Most Expensive $20,000,000
Least Expensive $1,285,000
Market Action 33
Slight Seller's Advantage

The market seems to have paused around its high point. The Market Action Index is a good leading indicator for the durability of this trend.

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
$7,270,000 8,575 1 - 2.5 acres 5 7 10 2 1 225
$4,495,000 7,000 1 - 2.5 acres 5 6 13 3 3 190
$3,250,000 6,541 1 - 2.5 acres 5 6 20 1 4 148
$2,250,000 4,736 1 - 2.5 acres 4 4 43 3 14 244