One month down in 2014! January was a busy month here in the valley of the sun with events such as the Barrett Jackson Auto Auction as well as the Phoenix Open. While the Phoenix metropolitan area bustled with activity the real estate market stayed busy as well! The median home price in Paradise Valley Arizona dropped in January 2014 and now sits at $1,050,000, a 33.3% drop. However, this is up almost 8% from January 2013. New listings, new contracts soared this past month with 119.6% and 45.5% growth, respectively. Closed sales settled in at 31 total sales in January, this is down a bit from December, but with the high number of new contracts we anticipate a very high Closed Sales number in February and March. The hot seller’s market is starting to cool off and balance out the market. Would be a great time for buyers on the fence to make a move! We anticipate and active first quarter 2014!
Considering a purchasing or selling a property in Paradise Valley? Take advantage of the great market conditions and get your home listed for sale.
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.