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

Sat Nov 27 2021
This week the median list price for Paradise Valley, AZ is $5,095,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Paradise Valley, AZ

Sat Nov 27 2021
This week the median list price for Paradise Valley, AZ is $5,095,000 with the market action index hovering around 35. This is an increase over last month's market action index of 34. Inventory has decreased 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

The market remains in a relative stasis in terms of sales to inventory. Prices have not been moving higher for several 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 persistently, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $5,095,000
Median Price of New Listings $4,872,500
Per Square Foot $797
Average Days on Market 128
Median Days on Market 81
Price Decreased 27%
Price Increased 8%
Relisted 3%
Inventory 120
Median Rent $20,000
Market Action 35
Slight Seller's Advantage

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate significantly from here.

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
$9,999,999 8,430 1 - 2.5 acres 6 7 9 2 0 105
$6,244,000 7,588 1 - 2.5 acres 5 6.3 18 1 4 91
$3,895,000 5,627 1 - 2.5 acres 5 5.5 22 1 3 87
$1,874,500 3,455 0.5 - 1 acre 4 3.3 46 2 3 59