Fall may be quickly approaching but with the triple digits still in the forecast it doesn’t feel like it will be cooling down any time soon. It appears that the Paradise Valley real estate market is feeling the heat. Let’s take a glance at how the Paradise Valley real estate market faired in August. New listings are down from July with a total of 43 new listings vs. 46 in July. New contracts did not change this month and rested at 33 new contracts total for the month of August. Closed sales really took a dive in August, down a whopping 51%. The median sale price also dropped 23.2% from $1,140,000 to $875,000. We are optimistic about the market improving as the weather cools down (hopefully!). During these up and down activity months it is more important than ever to consult a real estate professional that knows the Paradise Valley real estate market.
Considering a purchasing or selling a property in Paradise Valley? Call Joe and Linda Szabo – The Real Estate Experts!
We hope that you enjoy reading and analyzing the Paradise Valley Luxury Home Report and should you have any questions or comments, please feel free to Contact Joe Szabo at 480.688.2020 or email him directly at Joe@ScottsdaleRealEstateTeam.com or Joe@AZLuxuryHomes.com. You can also visit https://www.AZLuxuryHomes.com or https://www.scottsdalerealestateteam.com to find out more about Paradise Valley Homes for Sale and Estates for Sale in Paradise Valley and to search the Paradise Valley MLS for Scottsdale Home Listings.
Please note that this Paradise Valley Real Estate Blog is for informational purposes and not intended to take the place of a licensed Paradise Valley Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale and Paradise Valley Greater Phoenix Metropolitan Area in the buying and selling of Luxury homes in Arizona. Award winning Realtors and Re/MAX top producers and best real estate agent for Luxury Homes in Paradise Valley, The Szabo group delivers experience, knowledge, dedication and proven results.