Paradise Valley Homes
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Welcome to Paradise Valley Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We also provide Live Video Previews for your favorite Homes! 🙂
Price / SqFt
(for Paradise Valley)
Our March 2020 selling price per square foot of $429 was down -5.7% from $455 last month and up 10.9% from $387 in March of last year.
We can currently see (266) Homes available today in Paradise Valley! (inventory is falling)
Paradise Valley Homes ~ Newest Listings
Paradise Valley Homes ~ Monthly Market Report
Our March property sales (for Paradise Valley) were 44, down from 60 in March of 2019 and -2.2% lower than the 45 sales last month. March 2020 sales were at a mid level compared to March of 2019 and 2018. March YTD sales of 134 are running 21.8% ahead of last year’s year-to-date sales of 110.
Our median sales price (for Paradise Valley) in March was $1,717,500, up 1.0% from $1,700,000 in March of 2019 and up 0.4% from $1,710,000 last month. The average sales price in March was $2,203,812, down -15.8% from $2,618,539 in March of 2019 and down -2.9% from $2,270,433 last month. March 2020 ASP was at a mid range compared to March of 2019 and 2018.
Inventory and Market Time
The total inventory of Paradise Valley Homes for sale as of March was 294, down -6.4% from 314 last month and down -18.3% from 360 in March of last year. March 2020 Inventory was at the lowest level compared to March of 2019 and 2018.
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 March was 76, down from 119 days last month and down from 142 days in March of last year. The March 2020 DOM was at its lowest level compared with March of 2019 and 2018.
Selling Price / SqFt and (vs) Listing Price
Selling Price / Square Foot
The selling price per square foot is a great indicator for the direction of property values. Th median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market. This makes the selling price per square foot a more normalized indicator on the direction of property values. Our March 2020 selling price per square foot of $429 was down -5.7% from $455 last month and up 10.9% from $387 in March of last year.
Selling Price vs Listing Price
Our selling price vs listing price reveals the average amount that sellers are agreeing to come down from their 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 March 2020 selling price vs list price of 92.1% was down from 92.3% last month and up from 88.9% in March of last year.
Contact Us Here
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 – We are located next to Paradise Valley (See Map Here) ~ You can also see us at Arizona Luxury Homes 🙂