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 April was $2,752,500, up 55.9% from $1,765,000 in April of 2020 and down -2.2% from $2,813,700 last month. The average sales price in April was $3,277,558, up 10.9% from $2,956,363 in April of 2020 and up 12.8% from $2,906,176 last month. April 2021 ASP was at highest level compared to April of 2020 and 2019. (more monthly market report below photos)
We can currently see (133) Homes available today in Paradise Valley!
Paradise Valley Homes ~ Newest Listings
Paradise Valley Homes ~ Monthly Market Report
April property sales were 80, up from 29 in April of 2020 and 8.1% higher than the 74 sales last month. April 2021 sales were at their highest level compared to April of 2020 and 2019. April YTD sales of 246 are running 50.9% ahead of last year’s year-to-date sales of 163.
The total inventory of properties available for sale as of April was 174, up 6.1% from 164 last month and down -39.2% from 286 in April of last year. April 2021 Inventory was at the lowest level compared to April 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 April was 65, down from 98 days last month and down from 129 days in April of last year. The April 2021 DOM was at its lowest level compared with April 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 April 2021 selling price per square foot of $562 was up 8.9% from $516 last month and up 24.6% from $451 in April 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 April 2021 selling price vs list price of 97.8% was up from 96.1% last month and up from 91.3% in April 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 🙂