Paradise Valley AZ Posts 5% Gain in Properties Sold

Through October, Paradise Valley, Arizona has seen 369 property sales year to date as the average sales price of $1,464,047 posted a net rise of 4.2% from the same period a year ago. The overall amount of sold residential listings in Paradise Valley recorded a 5.4% gain compared to the same period a year ago, which reported a volume of 350 home sales, a year-over-year net rise of 19 closed transactions. The 750,000-999,999 price category reported one of the highest numbers of property sales this year with 72 completed purchases.

For Sale Home Prices Rise 4.3%. Paradise Valley recorded a total of 1,115 actively listed homes in 2015 through the end of October. The 2,000,000-2,999,999 price category saw one of the highest numbers of residences for sale at 262 properties listed. In comparison to the same reporting period a year ago, which saw 1,077 homes for sale, Paradise Valley saw a 3.5% rise in the overall amount of active residential listings, a net increase of 38 units. The average active listed price year to date of $2,129,438 saw a gain of 4.3% over the average price of $2,042,104 from this time period last year. The cumulative days on market (CDOM) for active properties for sale in Paradise Valley was 141 days through the month of October, showing a 1.4% drop when compared to this period in 2014. Listed homes are taking less time to sell this year on average.

Sam Lawmaster is a Paradise Valley REALTOR specializing in residential listings. Data supplied by ARMLS and deemed accurate but not guaranteed; percentages rounded. To receive current local real estate info or to request a free no obligation evaluation of your current home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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