Paradise Valley, AZ MLS Update for July 2006

Here are the latest real estate market statistics for Paradise Valley, AZ. These numbers represent single family (SFR) homes only. The percentage of homes on the market, where the asking price has been reduced: 24.8%**

Average	June 2006	July 2006	% Change
Asking Price	$1,915,691	$3,097,056	61.7%
Sales Price	$1,816,000	$2,801,328	54.3%
% of Asking Price	95%	90%	-5.0%
Days on Market	160	169	5.6%
$/SQFT	$422	$494	17.1%
Total Transactions	25	16	-36.0%

p>* As of 8/15/2006: All numbers are from the MLS and are deemed reliable but not guaranteed. ** Market numbers as of 8/6/2006: 286 properties on the market with 71 showing price reductions. Days on market reflect number of days between listing date on MLS and close of escrow.

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