Phoenix and Scottsdale Area Communities Map
Paradise Valley Market Update – April 2013
The median sales price for homes in Paradise Valley AZ for Jan 13 to Mar 13 was $1,275,000. This represents an increase of 28.8%, or $285,000, compared to the prior quarter and an increase of 54.7% compared to the prior year. Sales prices have depreciated 20.3% over the last 5 years in Paradise Valley. The average listing price for Paradise Valley homes for sale on Trulia was $2,444,194 for the week ending Apr 17, which represents a decline of 2.3%, or $56,711, compared to the prior week and a decline of 3.1%, or $77,530, compared to the week ending Mar 27. Average price per square foot for Paradise Valley AZ was $299, an increase of 18.2% compared to the same period last year. Popular neighborhoods in Paradise Valley include Clearwater Hills, Paradise Valley Estates, Tatum Garden Estates, Mountain Shadow Resort, Vista Rica, and Mockingbird Lane Estates. (Courtesy of Trulia.com)
Paradise Valley Luxury Home Report March 2013 by Joe Szabo, Scottsdale Real Estate Team
There were big jumps this month especially in the median home price of $1,275,000 up an amazing 75% from last year. New contracts have rising 55 percent in the past month from 40 to 62.
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 info@ScottsdaleRealEstateTeam.com. You can also visit https://scottsdalerealestateteam.com to find out more about Scottsdale Homes for Sale and Estates for Sale in Scottsdale and to search the Scottsdale MLS for Scottsdale Home Listings.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale 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 Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results.
Phoenix Real Estate Market Update – Inventory Down and List Prices Up! Great time to list your home for sale.
It’s a great time to list your home for sale in the Phoenix area! There are fewer homes available on the market and list prices are increasing. All areas are affected including Scottsdale, Paradise Valley, Carefree, Arcadia and more.
Phoenix Inventory
“Phoenix’s housing inventory has decreased not only when compared to March 2013, but to the previous year. Currently, the total number of homes on the market totals 2,693. This is a 5 percent drop from a month ago when the total number of homes on the market totaled 2,824. When compared to a year ago, we see a 32 percent decrease at 3,986 homes on the market. With the lower supply in inventory, this is yet another indicator that the housing inventory is in an upswing.” (Source: Moveto.com)
Phoenix List Prices
“Phoenix experienced a tremendous jump in the median home list price over the last year. A year ago, the median home list price was 139,900. As of April 6, the median home list price was $214,000. This is jump of 54 percent. When compared to a month ago, the median home list price is up eight percent when the median list price was $199,900.
The median house size has also jumped, but nothing like the median list price. Currently, the median house size on the market is 1,173 square feet. That is a 1 percent jump from last month when the median house size was at 1,699 square feet. When compared to a year ago, we see a 3 percent increase when the median house size was then 1,670.
The median price per square foot has jumped, as well. The current median price per square foot is at $123 square foot. This is a 4 percent increase from March 2013 when the median price per square foot was $123. When compared to the previous year, we see a 45 percent increase when the median price per square foot was then $85.
New listings are also climbing. New listings figures for March 2013 total 2,284. When we look at September 2012 new listing figures total 2,129. December 2012 show the total amount of new listings to be 1,474.” (Source: Moveto.com)
With incredibly low interest rates and favorable market conditions now is a perfect time for homeowner’s who’ve been sitting on the fence for the market to recover.
If you are have been thinking about listing your home for sale, please give us a call for a free market analysis on your home. Or visit www.AZLuxuryHomes.com or www.ScottsdaleRealEstateTeam.com for more information.
Joe and Linda Szabo
Paradise Valley Luxury Home Report for February 2013, by Joe Szabo, Scottsdale Real Estate Team
New listings, closed sales and the median sold price continues to rise in Paradise Valley. We can see an increase of between 9 and 17% in these areas according to the Local Market Insight for February 2013.
The median sold price is currently at $980,000. The average days on the market for Paradise Valley is 173.
We hope that you enjoy reading and analyzing the Paradise Valley Luxury Home Report for February 2013 and should you have any questions or comments, please feel free to Contact Joe Szabo at 480.688.2020 or email him directly at info@ScottsdaleRealEstateTeam.com. You can also visit https://scottsdalerealestateteam.com to find out more about Paradise Valley Homes for Sale and Estates for Sale in Paradise Valley and to search the Scottsdale MLS for Paradise Valley Home Listings.
Please note that this Scottsdale Real Estate Blog is for informational purposes and not intended to take the place of a licensed Scottsdale Real Estate Agent. The Szabo Group offers first class real estate services to clients in the Scottsdale 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 Scottsdale, The Szabo group delivers experience, knowledge, dedication and proven results.