Paradise Valley Homes
We Love doing Live VIDEO Previews! Our Paradise Valley Homes Buyer Service is FREE! Property Alerts Here 🙂
Our Paradise Valley Homes are very popular! We LOVE showing them and taking the LIVE Video Previews for those who might be out of town. Simply send us your favorite home, and we will be happy to schedule a Live Video Tour for you! (and email you the link) 🙂
Our Median Sales Price in August was $2,537,500, up 53.8% from $1,650,000 in August of 2020 and down -1.3% from $2,570,000 last month. The average sales price in August was $3,131,897, up 43.4% from $2,184,605 in August of 2020 and down -3.3% from $3,237,733 last month. August 2021 ASP was at highest level compared to August of 2020 and 2019. (more monthly market report below photos)
We can currently see (134) Homes available today in Paradise Valley!
Paradise Valley Homes ~ Newest Listings
Paradise Valley Homes ~ Monthly Market Report
August property sales were 32, down from 43 in August of 2020 and -22.0% lower than the 41 sales last month. August 2021 sales were at their lowest level compared to August of 2020 and 2019. August YTD sales of 438 are running 37.3% ahead of last year’s year-to-date sales of 319.
The total inventory of properties available for sale as of August was 146, up 3.5% from 141 last month and down -38.7% from 238 in August of last year. August 2021 Inventory was at the lowest level compared to August of 2020 and 2019.
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 August was 100, up from 48 days last month and up from 95 days in August of last year. The August 2021 DOM was at its highest level compared with August of 2020 and 2019.
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 August 2021 selling price per square foot of $576 was down -1.5% from $585 last month and up 36.2% from $423 in August of last year.
Selling Price (vs) Listing Price
The 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 August 2021 selling price vs list price of 94.5% was down from 96.9% last month and up from 91.3% in August 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 ~ You can also see us at Arizona Luxury Homes 🙂