Paradise Valley, AZ is always a tough market to gauge based solely on average price breakdowns because of the price of homes in that market. When you are dealing with homes that have an average sale price is $1.5million, one extremely high priced home sale for the month can really skew the numbers. From the data it appears buyers are taking advantage of the lower prices per square foot and buying larger sized homes, meaning this is a great opportunity for "move-up buyers."
Paradise Valley: 469 Active Inventory
| February 2010 |
January 2010 |
Last Quarter (Dec '09) |
|
| Active Listings |
469 |
450 |
475 |
| Pending |
38 |
36 |
28 |
| Sales |
33 |
23 |
32 |
| Active Price Per Square Foot |
$473 |
$470 |
$466 |
| Sold Price Per Square Foot |
$284 |
$269 |
$279 |
| Average Sold $ |
$1,546,008 |
$1,584,011 |
$1,340,980 |
| Average Sold Square Footage |
5,359 |
5,869 |
4,790 |
Based on information from Arizona MLS & Cromford Report from the first week of the month. Information deemed reliable but not guaranteed
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