Happy February! With January and the colder weather behind us the Valley is starting to heat up and so is the real estate market. Let’s take a look at how the Paradise Valley real estate market faired in January. New listings are up a whopping 110% from December with a total of 124 new listings vs. 59 in December. New contracts were also up from December by 38.7%, however closed sales dropped 42.9% from the previous month, 24 in January vs. 42 in December. The median sale is down slightly from $1,039,500 in December to $947,500 in January. January closed with a tremendous spike in new listings and new contracts – buyers on the fence are strongly encouraged to take advantage of the current low interest rates and loads of inventory! During these up and down activity months it is more important than ever to consult a real estate professional that knows the Paradise Valley 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.