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 (271) Homes available today in Paradise Valley.
Paradise Valley ~ Monthly Market Report
by: Coldwell Banker and Scottsdale Arizona Homes
September Property sales were 28, down 28.2% from 39 in September of 2017 and 30.0% lower than the 40 sales last month. September 2018 sales were at a mid level compared to September of 2017 and 2016. September YTD sales of 423 are running 6.8% ahead of last year’s year-to-date sales of 396.
The Median Sales Price in September was $1,540,000, up 62.1% from $950,000 in September of 2017 and down 9.4% from $1,700,000 last month. The Average Sales Price in September was $1,788,054, up 34.6% from $1,327,963 in September of 2017 and up 6.4% from $1,680,135 last month. September 2018 ASP was at the highest level compared to September of 2017 and 2016.
The Total Inventory of Properties available for sale as of September was 320, up 15.1% from 278 last month and down 4.5% from 335 in September of last year. September 2018 Inventory was at its lowest level compared with September of 2017 and 2016.
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 September was 128, up 5.8% from 121 days last month and down 3.0% from 132 days in September of last year. The September 2018 DOM was at a mid level compared with September of 2017 and 2016.
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 September 2018 Selling Price per Square Foot of $379 was up 8.4% from $350 last month and up 18.8% from 319 in September 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 September 2018 Selling Price vs Original List Price of 91.7% was up from 90.7% last month and up from 88.5% in September 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