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REAL ESTATE MARKET TREND FOR PARADISE VALLEY AUGUST 13 2014

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Real Estate Agent with Solutions Real Estate

REAL ESTATE MARKET TREND FOR PARADISE VALLEY AUGUST 13 2014

THIS WEEK REAL-TIME MARKET PROFILE TREND FOR PARADISE VALLEY, AZ

The median list price in PARADISE VALLEY, AZ this week is $1,799,000.
The average list price in PARADISE VALLEY, AZ this week is $ 2,387,701
Asking Price Per Square Foot is $360
Most Expensive Listing is $30,000,000
Least Expensive Listing is $108,000
 
The 333 properties have been on the market for an average of 210 days.  Inventory has been decreasing lately but the Market Action Index (MAI)  is falling also. With days-on-market climbing, these are relatively negative implications for the market.

SUPPLY AND DEMAND:
While prices have been at a plateau for a number of weeks, this is a Buyer's market and the supply of homes listed has started growing relative to demand. This indicates
that prices could easily resume a downward trend in conjunction with the MAI. Prices are unlikely to move significantly higher until there is a persistent upward shift in the MAI.

Altos Research Value Statistics
Market Action Index         27.1  
The Market Action Index answers the question How's the Market? by measuring the current rate of sale versus the amount of the inventory. Index above 30
implies a seller's advantage. Below 30, conditions give the advantage to the buyer.

TO VIEW ALL HOMES FOR SALE IN PARADISE VALLEY CLICK ON THE LINK BELOW.

CALL TRISH FRIBERG @ 602-763-5293 FOR ALL YOUR REAL ESTATE NEEDS

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