Paradise Valley Real Estate Market - View Paradise Valley Real Estate Market Trends in Arizona

Winter 2012 Market Update Allow me to provide you with information on homes for sale in all areas of the Valley, so you can compare. I’ve worked the North, Northeast to the Northwest, Southwest Valley for the last 10 years and could move you in the right direction to fit your needs & lifestyle.
Average Home Price	$2,000,000 - View Graph Trend

Average Price Compared to Last Year	Up 5-10%

Average Time on Market	30-60 days

Best Selling Price Range	$650,000 - $699,000

Worst Selling Price Range	$1,000,000+

Prices As % of Asking Price	95-100%

Existing Home Prices for the past 90 days are?	No Change

Market Trend	Decreasing

Buyers’ or Sellers’ Market	Equal buyers and sellers

Buyer Activity for the past 90 days in Paradise Valley is	Increasing

Seller Activity for the past 90 days in Paradise Valley is?	No Change

Multiple Offers?	Yes

What Percentage of the Current Housing Inventory are Foreclosures and/or Short Sales?	25-30%

Is Financing Available For Qualified Buyers?	Yes

Comments on Financing For Qualified Buyers	Call Tony Caraballo with PrimeLending for a prequalification at 480 538-4964, weekends or evenings for your convenience. Tony has an excellent track record with many of my clients. You will find his knowledge & service skills will benefit you. He will help you, explain your options and help us get you into a home without the stress. Apply on line at www.myzalender.com.

Housing Inventory	Good supply - Some Prices

Inventory Comments	Less than 200k is a red hot seller’s market. Inventory is low (a five month supply) and prices are rising. Less than 100k has only a 90 day supply. If you are in that market, waiting to buy will likely be a very expensive wait. Up to about 400k the market is almost perfectly balanced (a 7.4 month supply) – with no price movement in either direction. 400 - 500k has a 9.5 month supply valley wide, with slight downward pressure on prices. 600 – 800k has a 13.7 month supply, with easily observable downward pressure on prices. Homes above 800k have almost a two year supply and those in the 2 – 3 million price range suffer from a six and half year supply. There, the rate of decline isn’t easy to even guess.

Greatest Activity	Repeat Buyers

Reason to Buy/Sell	$8000 or $6500 Tax Credit expires April 30th, 2010! And, lower prices with a good selection and low interest rates creates a perfect time to buy in the Valley!

Nearest Metro Area	Phoenix

Housing Hot Spots	Most cities within the Maricopa County area are considered 'Housing Hotspots'

Average Sold Price	$2,000,000 - View Graph Trend

Paradise Valley Local News

Sluggish housing market in line for a better 2012, according to quarterly survey

The figures are still flat-lining, but there appears to be signs of life out there for a housing market that's dying for an upward tick of good news.

The up-and-down ride for real estate the past few years was seen again in the fourth quarter of 2011, according to a survey of HouseHunt real estate agents across the country. There are pockets of good news offset by bad, with home values and prices basically bumping along the bottom of the grid on a perceived never-ending rocky road.

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