First Integrity Title Market Report

Paradise Valley, AZ

Condos/Townhomes

www.FirstIntegrityTitle.com | 303.837.9171



Paradise Valley, AZ

Thu Feb 25 2021
This week the median list price for Paradise Valley, AZ is $1,029,000 with the market action index hovering around 61. This is an increase over last month's market action index of 56. Inventory has held steady at or around 11. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Paradise Valley, AZ

Thu Feb 25 2021
This week the median list price for Paradise Valley, AZ is $1,029,000 with the market action index hovering around 61. This is an increase over last month's market action index of 56. Inventory has held steady at or around 11. 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

Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $1,029,000
Per Square Foot $637
Days on Market 14
Price Decreased 9%
Price Increased 0%
Relisted 9%
Inventory 11
Median Rent $1,862
Most Expensive $1,935,000
Least Expensive $799,000
Market Action 61
Strong Seller's Market

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
$1,747,500 2,156 0 - 4,500 sqft 2 3 4 1 0 38
$1,400,000 1,609 0 - 4,500 sqft 2 2 4 0 1 0
$987,000 1,867 0 - 4,500 sqft 2 2 5 1 2 0
$865,000 3,062 0 - 4,500 sqft 4 3 12 0 3 77