Paradise Valley Luxury Homes
We love doing Live VIDEO Previews! Our Paradise Valley Luxury Homes Buyer Service is FREE! Property Alerts Here 🙂
Luxury Home Links…
Home | $800~$2M | $2M~$4M | $4M~$6M | $6M+ | Condos~THs | Open House | Market Report | Office Listings | Sellers | ~ Select Cities ~ Cave Creek | Paradise Valley | Phoenix | Scottsdale | Neighborhoods
Welcome to our Paradise Valley Luxury Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We can also provide Live Video Previews for your favorite Luxury Homes! 🙂
Prices…
(Paradise Valley Luxury)
Our Median Sales Price in April was $2,600,000, up 45.0% from $1,792,500 in April of 2020 and down -3.7% from $2,700,000 last month. The average sales price in April was $3,168,121, up 3.4% from $3,065,387 in April of 2020 and up 12.4% from $2,819,709 last month. April 2021 ASP was at highest level compared to April of 2020 and 2019.
We can currently see (144) Luxury Homes available today in Paradise Valley.
Paradise Valley Luxury Homes ~ Newest Listings
Paradise Valley Luxury Homes ~ Monthly Market Report
Sales
(for Paradise Valley) Our April property sales were 89, up from 28 in April of 2020 and 12.7% higher than the 79 sales last month. April 2021 sales were at their highest level compared to April of 2020 and 2019. April YTD sales of 270 are running 63.6% ahead of last year’s year-to-date sales of 165.
Inventory
Our total inventory of Paradise Valley Luxury Homes for sale as of April was 181, up 2.8% from 176 last month and down -40.1% from 302 in April of last year. April 2021 Inventory was at the lowest level compared to April of 2020 and 2019.
Market Time
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for April was 63, down from 98 days last month and down from 133 days in April of last year. The April 2021 DOM was at its lowest level compared with April of 2020 and 2019.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The April 2021 selling price per square foot of $578 was up 9.5% from $528 last month and up 23.2% from $469 in April of last year.
Selling Price vs Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The April 2021 selling price vs list price of 97.6% was up from 96.2% last month and up from 91.9% in April of last year.
Contact Us
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you – Thanks!! (480)208-7955 ~ Our Office is located here, and you can also see us at Paradise Valley Homes 🙂
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
