Lawyers Title Market Report

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Wed Nov 13 2019
This week the median list price for Paradise Valley, AZ is $2,495,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 283. 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 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 Nov 13 2019
This week the median list price for Paradise Valley, AZ is $2,495,000 with the market action index hovering around 28. This is less than last month's market action index of 29. Inventory has held steady at or around 283. 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 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 $2,495,000
Per Square Foot $452
Days on Market 181
Price Decreased 32%
Price Increased 2%
Relisted 6%
Inventory 283
Median House Rent $13,250
Most Expensive $21,000,000
Least Expensive $595,000
Market Action Index
Slight Buyer's Advantage
28

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
$5,500,000 8,036 1 - 2.5 acres 5 6 10 6 4 220
$3,097,000 6,453 1 - 2.5 acres 5 5 20 5 2 158
$2,100,000 5,300 1 - 2.5 acres 5 4 27 6 3 169
$1,350,000 3,611 1 - 2.5 acres 4 3 51 6 7 176