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85253 market update

85253 market update

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85719 Market Update

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85253 market update
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This week the median list price for Paradise Valley, AZ 85253 is $5,650,000 with the market action index hovering around 28. This is an increase over last month's market action index of 27. Inventory has decreased to 157.

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The Story

The Update

   
   

Paradise Valley Market Insights (85253)

   Slight Buyer's Market  
   
   
     

Median List Price

     
       
$5,650,000
       
New Listings: $4,295,000
     
   
   
     

Days on Market

     
       
157
       
Median DOM: 77 days
     
   
   
     

Price Changes

     
       
45% Decreased
       
1% Up • 5% Relisted
     
   
 
   
       
     

Market Segments

                 
               
         
           
             Top Quartile              Buyer's Market            
           
             $9,750,000              
               MAI: 27                $1,193/sq ft              
           
         
         
           8,173 sq ft            77 DOM          
       
               
         
           
             Upper Quartile              Seller's Market            
           
             $6,495,000              
               MAI: 31                $976/sq ft              
           
         
         
           6,655 sq ft            70 DOM          
       
               
         
           
             Lower Quartile              Seller's Market            
           
             $4,795,000              
               MAI: 33                $934/sq ft              
           
         
         
           5,134 sq ft            84 DOM          
       
               
         
           
             Bottom Quartile              Seller's Market            
           
             $2,962,500              
               MAI: 35                $748/sq ft              
           
         
         
           3,960 sq ft            84 DOM          
       
     
   
       
     

Overall Averages

     
       
         Price per Sq.Ft          $935        
       
         Inventory          157        
       
         Market Action Index          28        
       
         Median Rent          $16,948        
     
   
 

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