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July 26, 2007

Paradise Valley, AZ Market Update for June 2007

Here are the latest real estate market statistics for Paradise Valley, AZ area. These numbers represent single family home (SFR) sales only. Percentage of homes on the market with the asking price had been reduced: 31.1%*

Average May 2007 June 2007 % Change
Asking Price $2,202,130 $2,592,922 17.7%
Sales Price $2,058,818 $2,383,493 15.8%
% of Asking Price 93% 92% -1.1%
$/SQFT $480 $453 -5.6%
Days on Market 155 189 21.9%
Total Transactions 33 27 -18.2%

Search for homes in Paradise Valley, AZ and read a neighborhood overview of the Paradise Valley, AZ area.

All numbers are from the MLS and are deemed reliable but not guaranteed. *Market numbers as of 7/9/2007: 354 properties on the market with 110 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.

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