Paradise Valley, AZ Real Estate - Market Report February
By Andy Zeal, Scottsdale, AZ - (480)540-2291
(HomeSmart )
Paradise Valley, AZ is always a tough market to gauge based solely on average price breakdowns because of the price of homes in that market. When you are dealing with homes that have an average sale price is $1.5million, one extremely high priced home sale for the month can really skew the numbers. From the data it appears buyers are taking advantage of the lower prices per square foot and buying larger sized homes, meaning this is a great opportunity for "move-up buyers."Paradise Valley: 469 Active Inventory February 2010 January 2010 Last Quarter (Dec '09) Active Listings 469 450 475 Pending 38 36 28 Sales 33 23 32 Active Price Per Square Foot $473 $470 $466 Sold Price Per Square Foot $284 $269 $279 Average Sold $ $1,546,008 $1,584,011 $1,340,980 Average Sold Square Footage 5,359 5,...
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