Clear Title Agency of Arizona

Paradise Valley, AZ 85253

Single-Family Homes

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Paradise Valley, AZ 85253

Fri Jul 01 2022
This week the median list price for Paradise Valley, AZ 85253 is $3,895,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 87. 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 Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Paradise Valley, AZ 85253

Fri Jul 01 2022
This week the median list price for Paradise Valley, AZ 85253 is $3,895,000 with the market action index hovering around 38. This is about the same as last month's market action index of 38. Inventory has increased to 87. 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 Seller's Advantage

In the last few weeks, the market has been at a stasis point in terms of sales to inventory. However, prices seem to continue to fall a bit. Technically supply levels indicate this is a Seller’s market so it is likely that the downward pricing pressure will be light or variable. Watch for an up-shift in the MAI before price stability is achieved.

Real-Time Market Profile

Never miss important changes in the Paradise Valley market.
Median List Price $3,895,000
Median Price of New Listings $3,099,500
Per Square Foot $752
Average Days on Market 85
Median Days on Market 42
Price Decreased 36%
Price Increased 3%
Relisted 3%
Inventory 87
Median Rent
Market Action 38
Slight Seller's Advantage

Again this week in this zip code we see a downward notch for prices. Pricing has been weak in recent weeks and versus their absolute-high level. At this point, we will be looking for a persistent upward shift in the Market Action Index as a leading indicator for a trough in prices.

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
$8,995,000 8,900 1 - 2.5 acres 6 8 15 0 3 105
$4,972,500 6,534 1 - 2.5 acres 5 6 24 2 1 52
$3,500,000 5,273 1 - 2.5 acres 5 4.8 31 5 1 17
$2,375,000 3,186 0.5 - 1 acre 4 3 50 5 5 28