First Integrity Title Market Report

Paradise Valley, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Paradise Valley, AZ

Thu Dec 08 2022
This week the median list price for Paradise Valley, AZ is $974,500 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has decreased to 10. 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.

Strong Seller's Market

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Paradise Valley, AZ

Thu Dec 08 2022
This week the median list price for Paradise Valley, AZ is $974,500 with the market action index hovering around 46. This is an increase over last month's market action index of 44. Inventory has decreased to 10. 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.

Strong Seller's Market

The market has begun to heat up in recent weeks. We’re already in a Seller’s market and not surprisingly prices are showing evidence of moving up along with the lower levels of inventory.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $974,500
Median Price of New Listings $949,000
Per Square Foot $550
Average Days on Market 88
Median Days on Market 91
Price Decreased 30%
Price Increased 0%
Relisted 0%
Inventory 10
Median Rent
Market Action 46
Strong Seller's Market

This week saw relatively little price change from last week. However the market appears to be trying to establish an uptrend. 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
$4,797,000 3,411 - 3 3.5 2 0 0 126
$2,600,000 2,987 - 2 3 5 0 0 101
$949,000 1,937 0 - 4,500 sqft 3 3 14 1 0 154
$409,900 1,153 - 2 2 33 0 1 28