Lawyers Title Market Report

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Fri Aug 23 2019
This week the median list price for Paradise Valley, AZ is $2,400,000 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 262. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Paradise Valley, AZ

Fri Aug 23 2019
This week the median list price for Paradise Valley, AZ is $2,400,000 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 262. 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

Home sales have been exceeding new inventory for several weeks. Since this is a Buyer's market prices are not yet moving higher as excess inventory is consumed. However, as the supply and demand trends continue, the market moves into the Seller's zone, and we are likely to see upward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $2,400,000
Per Square Foot $437
Days on Market 210
Price Decreased 35%
Price Increased 3%
Relisted 6%
Inventory 262
Median House Rent $1,900
Most Expensive $25,000,000
Least Expensive $649,000
Market Action Index
Slight Buyer's Advantage
29

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
$4,495,000 7,715 1 - 2.5 acres 5 6 10 2 2 283
$2,799,000 6,737 1 - 2.5 acres 5 6 18 2 5 210
$2,100,000 5,268 1 - 2.5 acres 4 4 27 4 2 194
$1,200,000 3,368 1 - 2.5 acres 4 3 51 3 1 155