Lawyers Title Market Report

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Wed Oct 24 2018
This week the median list price for Paradise Valley, AZ is $2,437,500 with the market action index hovering around 25. This is less than last month's market action index of 27. Inventory has held steady at or around 296. Click here to stay informed with the Paradise Valley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Paradise Valley, AZ

Wed Oct 24 2018
This week the median list price for Paradise Valley, AZ is $2,437,500 with the market action index hovering around 25. This is less than last month's market action index of 27. Inventory has held steady at or around 296. Click here to stay informed with the Paradise Valley market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Buyer's Advantage

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $2,437,500
Per Square Foot $443
Days on Market 184
Price Decreased 29%
Price Increased 3%
Relisted 3%
Inventory 296
Median House Rent
Most Expensive $18,000,000
Least Expensive $475,000
Market Action Index
Slight Buyer's Advantage
25

The market appears to be hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

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
$5,050,000 8,685 1 - 2.5 acres 5 7 6 4 1 224
$2,995,000 6,506 1 - 2.5 acres 5 6 12 1 3 179
$1,994,999 5,082 1 - 2.5 acres 4 4 28 1 0 173
$1,297,000 3,687 1 - 2.5 acres 4 3 43 11 9 159