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 December was $2,380,000, up 33.5% from $1,782,500 in December of 2019 and down -1.0% from $2,405,000 last month. The average sales price in December was $2,666,744, up 24.1% from $2,149,327 in December of 2019 and down -8.1% from $2,900,375 last month. December 2020 ASP was at highest level compared to December of 2019 and 2018.(more monthly market report below photos)
We can currently see (154) Homes available today in Paradise Valley! (inventory is falling)
Paradise Valley Homes ~ Newest Listings
Paradise Valley Homes ~ Monthly Market Report
December property sales were 53, up from 40 in December of 2019 and 10.4% higher than the 48 sales last month. December 2020 sales were at their highest level compared to December of 2019 and 2018. December YTD sales of 517 are running 18.6% ahead of last year’s year-to-date sales of 436.
The total inventory of properties available for sale as of December was 184, down -9.4% from 203 last month and down -35.7% from 286 in December of last year. December 2020 Inventory was at the lowest level compared to December 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 December was 91, up from 83 days last month and down from 97 days in December of last year. The December 2020 DOM was at its lowest level compared with December of 2019 and 2018.
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 December 2020 selling price per square foot of $469 was up 0.4% from $467 last month and up 8.3% from $433 in December 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 🙂