Lawyers Title Market Report

Paradise Valley, AZ

Single-Family Homes

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Paradise Valley, AZ

Sat Dec 15 2018
This week the median list price for Paradise Valley, AZ is $2,500,000 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has held steady at or around 328. 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

Sat Dec 15 2018
This week the median list price for Paradise Valley, AZ is $2,500,000 with the market action index hovering around 24. This is less than last month's market action index of 25. Inventory has held steady at or around 328. 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 $2,500,000
Per Square Foot $461
Days on Market 182
Price Decreased 33%
Price Increased 3%
Relisted 4%
Inventory 328
Median House Rent $23,500
Most Expensive $20,000,000
Least Expensive $624,900
Market Action Index
Slight Buyer's Advantage
24

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
$5,470,000 8,747 1 - 2.5 acres 5 7 9 0 0 239
$3,000,000 6,506 1 - 2.5 acres 5 5 14 1 3 178
$2,125,000 5,233 1 - 2.5 acres 4 4 22 5 7 177
$1,325,000 3,560 1 - 2.5 acres 4 3 45 6 6 135