Tue Nov 29 2022
This week the median list price for Paradise Valley, AZ is $4,650,000 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has decreased to 129.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$4,650,000|
|Median Price of New Listings||$4,037,500|
|Per Square Foot||$771|
|Average Days on Market||130|
|Median Days on Market||84|
|Slight Buyer's Advantage|
Prices continue their climb again this week. We’re a long way from the market’s price high-point so watch the Market Action Index as an indicator of how long this trend will last.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$9,124,999||8,581||1 - 2.5 acres||6||7||12||0||0||112|
|$5,600,000||6,691||1 - 2.5 acres||5||5.8||18||2||1||84|
|$3,612,000||5,510||1 - 2.5 acres||5||4.5||37||1||2||77|
|$2,000,000||3,194||1 - 2.5 acres||4||3||46||1||4||84|