Paradise Valley Homes
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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 November was $2,750,000, up 14.3% from $2,405,000 in November of 2020 and up 1.9% from $2,700,000 last month. The average sales price in November was $3,718,354, up 28.2% from $2,900,375 in November of 2020 and down -3.9% from $3,867,632 last month. November 2021 ASP was at highest level compared to November of 2020 and 2019. (more monthly market report below photos)
We can currently see (117) Homes available today in Paradise Valley!
Paradise Valley Homes ~ Newest Listings
Paradise Valley Homes ~ Monthly Market Report
Our November property sales were 41, down from 48 in November of 2020 and -4.7% lower than the 43 sales last month. November 2021 sales were at a mid level compared to November of 2020 and 2019. November YTD sales of 544 are running 17.2% ahead of last year’s year-to-date sales of 464.
The total inventory of properties available for sale as of November was 154, up 3.4% from 149 last month and down -24.1% from 203 in November of last year. November 2021 Inventory was at the lowest level compared to November 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 November was 48, down from 78 days last month and down from 83 days in November of last year. The November 2021 DOM was at its lowest level compared with November 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 November 2021 selling price per square foot of $688 was up 9.2% from $630 last month and up 47.3% from $467 in November 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 November 2021 selling price vs list price of 96.0% was up from 95.8% last month and up from 93.9% in November 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 🙂