First Integrity Title Market Report

Paradise Valley, AZ

Single-Family Homes

www.FirstIntegrityTitle.com | 303.837.9171



Paradise Valley, AZ

Thu Dec 08 2022
This week the median list price for Paradise Valley, AZ is $4,650,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 129. 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

Thu Dec 08 2022
This week the median list price for Paradise Valley, AZ is $4,650,000 with the market action index hovering around 28. This is about the same as last month's market action index of 28. Inventory has decreased to 129. 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 $4,650,000
Median Price of New Listings $3,750,000
Per Square Foot $767
Average Days on Market 128
Median Days on Market 91
Price Decreased 46%
Price Increased 2%
Relisted 5%
Inventory 129
Median Rent
Market Action 28
Slight Buyer's Advantage

Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.

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
$9,999,500 8,581 1 - 2.5 acres 6 7 12 2 2 94
$5,600,000 6,691 1 - 2.5 acres 5 5.5 18 1 0 91
$3,637,500 5,447 1 - 2.5 acres 5 4.5 32 2 3 77
$2,000,000 3,218 1 - 2.5 acres 4 3 48 3 3 84