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.
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
| 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 |