Paradise Valley, AZ had a significant decrease in the average sales price in the month of July along with a drop in overall number of sales. The months supply of inventory is up to 26.6 but the average days on market has decreased.
Paradise Valley: 531 Active Inventory
| August 2009 |
August 2008 |
July 2009 |
|
| Ave. Sold $ |
$963,000 |
$1,689,000 |
$2,304,000 |
| Ave. List $ |
$1,965,000 |
$3,001,000 |
$2,388,000 |
| New Listings |
87 |
82 |
68 |
| Active Inventory |
531 |
498 |
529 |
| Sold Listings |
20 |
18 |
27 |
| Accepted Offers |
17 |
15 |
21 |
| Days on Market |
145 |
131 |
197 |
| Months Supply of Inventory |
26.6 |
27.7 |
19.6 |
Maricopa County Statistics: 30,712 Active Inventory
Ave. Price of Active Listings: $244,000 (-$1,000 from July)
Ave. Price of Sold Properties: $177,000 (-$5,000 from June)
Based on information from Arizona MLS. Information deemed reliable but not guaranteed
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Andy Zeal is a Realtor® at Coldwell Banker Residential Brokerage in Scottsdale, Arizona and author of the real estate blog AZintheValley.
For specific neighborhood statistics call 480-540-2291 or visit www.AndyZeal.com
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