Mon Jan 24 2022
This week the median list price for Paradise Valley, AZ is $5,250,000 with the market action index hovering around 42. This is an increase over last month's market action index of 39. Inventory has decreased to 78.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$5,250,000|
|Median Price of New Listings||$3,747,500|
|Per Square Foot||$798|
|Average Days on Market||156|
|Median Days on Market||102|
|Slight Seller's Advantage|
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$11,995,000||10,200||1 - 2.5 acres||5||7||6||1||1||224|
|$6,188,000||7,880||1 - 2.5 acres||5||6||14||3||6||98|
|$4,082,000||6,195||1 - 2.5 acres||4||5.5||21||2||5||122|
|$1,965,000||3,272||0.5 - 1 acre||4||3.5||29||4||6||77|