We have reached the final stretch of 2014! The holiday’s mean time with family and slowing down and it looks like the real estate market has decided to slow down as well. Let’s take a look at how the Paradise Valley real estate market faired in November. New listings are down from October with a total of 68 new listings vs. 108 in October. This is a 37% decrease in new listings. New contracts and closed sales also took a dive at 16.3% and 35.1% respectively. The median sale price has taken a hit as a result going from $1,350,000 in October to $1,195,000 in November. The good news is that the median sales price is up almost 20% from this time last year. 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.