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

Sun Apr 18 2021
This week the median list price for Paradise Valley, AZ is $4,047,500 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 116. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Paradise Valley, AZ

Sun Apr 18 2021
This week the median list price for Paradise Valley, AZ is $4,047,500 with the market action index hovering around 41. This is an increase over last month's market action index of 38. Inventory has held steady at or around 116. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $4,047,500
Per Square Foot $649
Days on Market 56
Price Decreased 21%
Price Increased 10%
Relisted 5%
Inventory 116
Median Rent $20,000
Most Expensive $20,000,000
Least Expensive $1,350,000
Market Action 41
Slight Seller's Advantage

Despite this week’s up 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
$7,800,000 8,972 1 - 2.5 acres 6 8 6 2 3 70
$5,195,000 7,032 1 - 2.5 acres 5 6 8 3 6 91
$3,325,000 6,413 1 - 2.5 acres 5 5 21 2 7 42
$2,395,000 4,523 1 - 2.5 acres 4 3 41 6 8 28