About Paradise Valley Arizona Homes
Beautiful Paradise Valley Arizona Homes are found on the East Side of Phoenix, and on the West Side of Scottsdale, Arizona. Your Search Results will appear below showing the “Newest Listings” first. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (338) Homes available today in Paradise Valley.
Paradise Valley ~ Monthly Market Report
by: Coldwell Banker and Scottsdale Arizona Homes
January Property sales were 42, down 12.5% from 48 in January of 2018 and 4.5% lower than the 44 sales last month. January 2019 sales were at a mid level compared to January of 2018 and 2017. January YTD sales of 42 are running 12.5% behind last year’s year-to-date sales of 48.
The Median Sales Price in January was $1,454,489, down 11.7% from $1,647,500 in January of 2018 and up 4.8% from $1,387,500 last month. The Average Sales Price in January was $1,681,979, down 11.4% from $1,898,902 in January of 2018 and up 1.6% from $1,655,532 last month. January 2019 ASP was at a mid range compared to January of 2018 and 2017.
The Total Inventory of Properties available for sale as of January was 421, up 20.6% from 349 last month and up 8.2% from 389 in January of last year. January 2019 Inventory was at its highest level compared with January of 2018 and 2017.
The average Days On Market (DOM) shows how many days the average Property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a Buyer’s market, a downward trend a move towards more of a Seller’s market. The DOM for January was 87, down 27.5% from 120 days last month and equal to 87 days in January of last year. The January 2019 DOM was at a mid level compared with January of 2018 and 2017.
Selling Price per Square Foot
The Selling Price per Square Foot is a great indicator for the direction of Property values. Since Median Sales Price and Average Sales price can be impacted by the ‘mix’ of high or low end Properties in the market, the selling price per square foot is a more normalized indicator on the direction of Property values. The January 2019 Selling Price per Square Foot of $406 was up 18.4% from $343 last month and down 2.3% from 416 in January of last year.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original list price. The lower the ratio is below 100% the more of a Buyer’s market exists, a ratio at or above 100% indicates more of a Seller’s market. The January 2019 Selling Price vs Original List Price of 95.6% was up from 92.3% last month and up from 92.6% in January of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage