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.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$2,897,500|
|Per Square Foot||$496|
|Days on Market||191|
|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.
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|