First Integrity Title Market Report

Paradise Valley, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372


Paradise Valley, AZ

Fri Apr 26 2024
This week the median list price for Paradise Valley, AZ is $1,072,500 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 28. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Paradise Valley, AZ

Fri Apr 26 2024
This week the median list price for Paradise Valley, AZ is $1,072,500 with the market action index hovering around 36. This is an increase over last month's market action index of 35. Inventory has increased to 28. 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

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $1,072,500
Median Price of New Listings $849,350
Per Square Foot $479
Average Days on Market 87
Median Days on Market 63
Price Decreased 50%
Price Increased 0%
Relisted 7%
Inventory 28
Median Rent
Market Action 36
Slight Seller'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
$1,995,000 2,353 0 - 4,500 sqft 2 3 7 0 1 28
$1,275,000 1,926 0 - 4,500 sqft 3 3 15 1 0 84
$725,000 1,878 0 - 4,500 sqft 3 2 49 0 1 98
$374,900 973 0 - 4,500 sqft 2 2 30 1 0 28