Paradise Valley had a decrease in inventory in June and average sold price increased, but the months supply of inventory because of additional new listings.
Paradise Valley: 567 Active Inventory
| June 2009 |
June 2008 |
May 2009 |
|
| Ave. Sold $ |
$1,976,000 |
$2,168,000 |
$1,319,000 |
| Ave. List $ |
$2,021,000 |
$2,559,000 |
$2,525,000 |
| New Listings |
65 |
66 |
63 |
| Active Inventory |
567 |
489 |
587 |
| Sold Listings |
17 |
17 |
24 |
| Accepted Offers |
19 |
20 |
16 |
| Days on Market |
188 |
211 |
155 |
| Months Supply of Inventory |
33.4 |
28.8 |
24.5 |
Maricopa County Statistics: 31,595 Active Inventory (-73 from May)
Ave. Price of Active Listings: $262,143
Ave. Price of Pending Listings: $184,404 (-$1,773 from May)
Ave. Price of Sold Properties: $177,259 (+$7,500 from May)
Based on information from Arizona MLS. Information deemed reliable but not guaranteed
_________________________________________________________________________________________________________________________
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
Scottsdale saw a drop in average sales price in June, but so did the number of new listings and active inventory.
Scottsdale: 4,891 Active Inventory
| June 2009 |
June 2008 |
May 2009 |
|
| Ave. Sold $ |
$420,000 |
$570,000 |
$462,000 |
| Ave. List $ |
$567,000 |
$674,000 |
$658,000 |
| New Listings |
888 |
1,145 |
886 |
| Active Inventory |
4,891 |
6,064 |
5,228 |
| Sold Listings |
484 |
460 |
514 |
| Accepted Offers |
496 |
495 |
544 |
| Days on Market |
104 |
118 |
101 |
| Months Supply of Inventory |
10.1 |
13.2 |
10.2 |
Maricopa County Statistics: 31,595 Active Inventory (-73 from May)
Ave. Price of Active Listings: $262,143
Ave. Price of Pending Listings: $184,404 (-$1,773 from May)
Ave. Price of Sold Properties: $177,259 (+$7,500 from May)
Based on information from Arizona MLS. Information deemed reliable but not guaranteed
_________________________________________________________________________________________________________________________
Andy Zeal is a Realtor© at Coldwell Banker Residential Brokerage in Scottsdale, Arizona and author of the real estate blog AZintheValley.
For specific neighbor statistics call 480-540-2291 or visit www.AndyZeal.com
Paradise Valley saw a decline in average sales price in May, and active inventory was up from the same time last year, but down from last month.
Paradise Valley: 587 Active Inventory
| May 2009 |
May 2008 |
April 2009 |
|
| Ave. Sold $ |
$1,319,000 |
$2,280,000 |
$1,370,000 |
| Ave. List $ |
$2,525,000 |
$2,823,000 |
$2,310,000 |
| New Listings |
63 |
61 |
63 |
| Active Inventory |
587 |
505 |
613 |
| Sold Listings |
24 |
21 |
19 |
| Accepted Offers |
16 |
23 |
23 |
| Days on Market |
155 |
173 |
189 |
| Months Supply of Inventory |
24.5 |
24 |
32.4 |
Maricopa County Statistics: 32,668 Active Inventory
Ave. Price of Active Listings: $262,143
Ave. Price of Pending Listings: $186,177
Ave. Price of Sold Properties: $169,759
Based on information from Arizona MLS. Information deemed reliable but not guaranteed
_________________________________________________________________________________________________________________________
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
For the month of May, in Carefree/Cave Creek, the average sold price declined but active inventory also declined with an increase in sold listings, dropping the months supply of inventory by three months.
Carefree/Cave Creek: 669 Active Inventory
| May 2009 |
May 2008 |
April 2009 |
|
| Ave. Sold $ |
$380,00 |
$495,000 |
$404,000 |
| Ave. List $ |
$467,000 |
$697,000 |
$589,000 |
| New Listings |
114 |
114 |
120 |
| Active Inventory |
669 |
858 |
702 |
| Sold Listings |
58 |
31 |
47 |
| Accepted Offers |
53 |
45 |
69 |
| Days on Market |
89 |
113 |
144 |
| Months Supply of Inventory |
11.5 |
27.7 |
14.9 |
Maricopa County Statistics: 32,668 Active Inventory
Ave. Price of Active Listings: $262,143
Ave. Price of Pending Listings: $186,177
Ave. Price of Sold Properties: $169,759
Based on information from Arizona MLS. Information deemed reliable but not guaranteed
_________________________________________________________________________________________________________________________
Andy Zeal is a Realtor© at Coldwell Banker Residential Brokerage in Scottsdale, Arizona and author of the real estate blog AZintheValley.
For specific neighbor statistics call 480-540-2291 or visit www.AndyZeal.com
Scottsdale saw a decline in average sales price in May, but active inventory also declined while total sales increased dropping the overall months supply.
Scottsdale: 5,228 Active Inventory
| May 2009 |
May 2008 |
April 2009 |
|
| Ave. Sold $ |
$462,000 |
$547,000 |
$466,000 |
| Ave. List $ |
$658,000 |
$787,000 |
$643,000 |
| New Listings |
886 |
1,119 |
985 |
| Active Inventory |
5,228 |
6,377 |
5,758 |
| Sold Listings |
514 |
458 |
484 |
| Accepted Offers |
544 |
445 |
610 |
| Days on Market |
101 |
118 |
107 |
| Months Supply of Inventory |
10.2 |
13.9 |
11.9 |
Maricopa County Statistics: 32,668 Active Inventory
Ave. Price of Active Listings: $262,143
Ave. Price of Pending Listings: $186,177
Ave. Price of Sold Properties: $169,759
Based on information from Arizona MLS. Information deemed reliable but not guaranteed
_________________________________________________________________________________________________________________________
Andy Zeal is a Realtor© at Coldwell Banker Residential Brokerage in Scottsdale, Arizona and author of the real estate blog AZintheValley.
For specific neighbor statistics call 480-540-2291 or visit www.AndyZeal.com
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