Paradise Valley, AZ

First Integrity Title Market Report

Paradise Valley, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 888-636-0372

Thu Mar 30 2023
This week the median list price for Paradise Valley, AZ is $535,000 with the market action index hovering around 35. This is an increase over last month's market action index of 31. Inventory has increased to 29. 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

While the Market Action Index shows some strengthening in the last few weeks, prices have settled in a bit of a plateau. We are currently in a Seller’s market so prices will likely resume their climb should this trend persist.

Real-Time Market Profile

Median List Price		$535,000
Median Price of New Listings		$385,000
Per Square Foot		$427
Average Days on Market		56
Median Days on Market		35
Price Decreased		45%
Price Increased		0%
Relisted		3%
Inventory		29
Median Rent
Market Action		35
Slight Seller's Advantage

The market seems to have paused around this plateau. 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
$1,590,000	2,003	0 - 4,500 sqft	3	2.5	38	2	3	21
$799,000	1,509	0 - 4,500 sqft	2	2	48	0	0	49
$439,800	1,099	-	2	2	28	2	0	14
$351,500	1,088	-	2	2	34	2	0	28

Median Price	Sq. Ft.	Lot Size	Beds	Bath	Age	New	Absorbed	DOM
$1,590,000	2,003	0 - 4,500 sqft	3	2.5	38	2	3	21
$799,000	1,509	0 - 4,500 sqft	2	2	48	0	0	49
$439,800	1,099	-	2	2	28	2	0	14
$351,500	1,088	-	2	2	34	2	0	28

Median Price	Top $1,590,000	Upper $799,000	Lower $439,800	Bottom $351,500
Sq. Ft.	2,003	1,509	1,099	1,088
Lot Size	0 - 4,500 sqft	0 - 4,500 sqft	-	-
Beds	3	2	2	2
Baths	2.5	2	2	2
Age	38	48	28	34
New	2	0	2	2
Absorbed	3	0	0	0
DOM	21	49	14	28

First Integrity Title Market Report