Home Prices in Paradise Valley Arizona for January 2018
Real estate market data for Paradise Valley, AZ provided by Jeffrey Masich of HomeSmart Real Estate.
Paradise Valley Home Prices
Prices of homes sold continue an upward trend in Paradise Valley as home prices in Paradise Valley are expected to continue this year. If you are considering buying a home in Paradise Valley, finding the right home at the right price, by using a solid real estate agent who understands the local market is a must. Finding that right home in a market with rising prices takes expertise to find the appropriate home that will be a sound investment as well as being a wonderful place to live for your family. As you can see from the graph below, listings are generally selling for less than the list prices.
Listings and Home Selling Prices in Paradise Valley Arizona at the end of December 2017
If you are interested in Paradise Valley AZ Homes For Sale be aware that current inventory for homes on the market in has declined 19.6% from last year. You can find information on the homes that are currently for sale by clicking on the link. Currently in Paradise Valley, homes have an average time of 168 days on the market before they sell. At this time last year in Paradise Valley homes were on the market 209 days on the market before they sold. Although the supply of homes on the market is less, the 168 days on the market suggests that buyers are still in a position to make an offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. A declining inventory in Scottsdale is a reason that prices are on the rise.
Paradise Valley Real Estate Report Summary
Paradise Valley, next door to Scottsdale is the most expensive for the median prices of homes in Arizona. The median sold or selling price in December for single family homes in Paradise Valley was $1,565,312. This median sold price increased from $1,077,000 from the previous year.
The median asking price or list price for listings in Paradise Valley was $2,250,000 in December suggesting their are more higher priced homes on the market and the lower priced homes are the ones that are selling.
There were 38 listings that sold in Paradise Valley during December 2017 with 369 active listings compared to 381 active listings a year ago.
To see the Sold Paradise Valley homes with prices, pictures, details and map locations over the past 7 months see this link.
Find Homes for Sale in Paradise Valley Arizona
Visit my website to search for homes in Paradise Valley or to request to be notified when Paradise Valley homes come on the market.
To find out what you home is worth in the current market email me or call 480-242-6500.
For a full page view of Paradise Valley Single Family Homes For Sale