First Integrity Title Market Report

Paradise Valley, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372



Paradise Valley, AZ

Mon Dec 04 2023
This week the median list price for Paradise Valley, AZ is $600,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Paradise Valley, AZ

Mon Dec 04 2023
This week the median list price for Paradise Valley, AZ is $600,000 with the market action index hovering around 43. This is an increase over last month's market action index of 42. Inventory has increased to 21. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. 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, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $600,000
Median Price of New Listings $540,000
Per Square Foot $458
Average Days on Market 74
Median Days on Market 35
Price Decreased 48%
Price Increased 0%
Relisted 5%
Inventory 21
Median Rent
Market Action 43
Slight Seller's Advantage

Despite this week’s down 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
$2,100,000 2,389 0 - 4,500 sqft 2 3 7 0 0 35
$789,000 1,328 0 - 4,500 sqft 2 2 51 1 2 35
$540,000 1,266 0 - 4,500 sqft 2 2 19 1 0 49
$395,000 1,010 0 - 4,500 sqft 2 2 32 1 0 45