Lawyers Title Market Report

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Tue Jul 14 2020
This week the median list price for Paradise Valley, AZ is $2,897,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 232. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Paradise Valley, AZ

Tue Jul 14 2020
This week the median list price for Paradise Valley, AZ is $2,897,500 with the market action index hovering around 29. This is about the same as last month's market action index of 29. Inventory has held steady at or around 232. 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 Buyer's Advantage

The market has shown some evidence of slowing recently. Both prices and inventory levels are relatively unchanged in recent weeks. Watch the Market Action Index for changes as it can be a leading indicator for price changes.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $2,897,500
Per Square Foot $496
Days on Market 191
Price Decreased 31%
Price Increased 3%
Relisted 9%
Inventory 232
Median Rent $11,995
Most Expensive $20,000,000
Least Expensive $849,900
Market Action 29
Slight Buyer's Advantage

The market is 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
$5,750,000 8,700 1 - 2.5 acres 5 7 7 4 6 215
$3,425,000 7,225 1 - 2.5 acres 5 6 17 4 5 180
$2,492,500 5,440 1 - 2.5 acres 5 4 26 4 5 179
$1,597,000 3,959 1 - 2.5 acres 4 3 42 7 7 188