Real Estate Market Update for the Paradise Valley luxury community in Arizona 85253. Subscribe to our Weekly Market Update to receivenon-published featured community updates.     Paradise Valley in ArizonaMay 7, 2018 Weekly Update Active listings increased to 376 homes. Average sale price per square foot increased to $388.37/SqFt. Average sale price as % of list price increased to 94.80%. Average sale price increased to $2,144,620. Highest priced home sold in past 6 months was for $15,650,000. Number of homes sold in past 6 months increased to 215. Average Sales PriceJuly 2012 - Present by Week Average Sales Price/SqFtJuly 2012 - Present by Week 85255 April 2018 vs April 2017 Monthly Update Active listings decreased 9.06%. Months supply decreased 25.00%. Average sale price per square f... 05/07/2018

Are you ready for a starter home or  Bargain homes for sale in Paradise Valley?  Is there such a thing? See these lowest priced homes here for sale less than $1 million. The old investment adage is to buy the least expensive home in a more expensive area. Well, here they are. As an example, see all Homes for sale in Paradise Valley, Arizona with the most expensive price/sf homes and estates in Arizona, most with 1+ acre lots, nestled from Camelback Mountain to the north immediately west of Scottsdale. Some of the older Paradise Valley homes have a territorial feel while many have been built or remodeled more recently into Tuscan styled mansions. Beautiful views on elevated lots of Scottsdale or downtown Phoenix. Homes that have a view of Camelback Mountain are popular.  Want to spend a ... 03/18/2018

Paradise Valley has the most expensive home prices per square foot in Arizona. Do you still want to live in Paradise Valley? Well, of course, here are the homes for sale, with market prices and more information about living in Arizona's most desirable location.Real estate market data for Paradise Valley, AZ provided by Jeffrey Masich of HomeSmart Real Estate. HomeSmart is #1 in Residential sales per the Phoenix Business Journal. Jeffrey Masich has been recognized as one of HomeSmart's "Top 15 Performing" agents for the past quarter. Paradise Valley Home PricesPrices of homes sold continue an upward trend in Paradise Valley as home prices in Paradise Valley are expected to continue this year.                             Paradise Valley homes are characterized by custom homes with 1+ acre... 03/10/2018

Distressed properties - those that are "under water" where more is owed on the property than will be available from the proceeds of a sale of the property - are thankfully far fewer than during the crash during the latter years of the previous decade. Still - some do exist - and Short Sales are still a viable option when faced with a "must sell" scenario of an "under water" property. Currently running at less than 3% of the closed transactions every month in our MLS, homeowners in that 3%, whether in Paradise Valley or another part of the valley, can still use our help. The first step is to contact us so we can schedule a complimentary confidential consultation to discuss how the short sale process works, and the considerations for your particular circumstances.   Careful up front plann... 02/12/2018

Home Prices in Paradise Valley Arizona for January 2018Real estate market data for Paradise Valley, AZ provided by Jeffrey Masich of HomeSmart Real Estate. Paradise Valley Home PricesPrices of homes sold continue an upward trend in Paradise Valley as home prices in Paradise Valley are expected to continue this year.  If you are considering buying a home in Paradise Valley, finding the right home at the right price, by using a solid real estate agent who understands the local market is a must.  Finding that right home in a market with rising prices takes expertise to find the appropriate home that will be a sound investment as well as being a wonderful place to live for your family. As you can see from the graph below, listings are generally selling for less than the list prices.        ... 01/18/2018

While there are far fewer people these days considering a Short Sale of their home in Paradise Valley, there are still some who may have purchased just before the "bust" last decade who may owe significantly more on the home than the proceeds of the sale will bring. What to do? A Short Sale is one such solution. A Short Sale is a "regular resale" with one distinct and significant difference. The agreement of your lender(s) to accept less than the balance(s) owed on the loan(s). Whether or not a homeowner meets the other "requirements" of their lender(s) such as a "valid" hardship can only be determined by consultation with a skilled and experienced professional with a solid Short Sale track record - we recommend a minimum of 100 closed Short Sales with a 90%+ Short Sale List to Close ra... 12/29/2017

Are there actually Bargain homes for sale in Paradise Valley?  See these bargain homes here for sale less than $1 million. In Paradise Valley, "bargain" does not mean "cheap". The old investment adage is to buy the least expensive home in a more expensive area. Well, here they are. As an example, see all Homes for sale in Paradise Valley, Arizona with the most expensive homes and estates in Arizona, most with 1+ acre lots, nestled from Camelback Mountain to the north immediately west of Scottsdale. Some of the older Paradise Valley homes have a territorial feel while many have been built or remodeled more recently into Tuscan styled mansions. Beautiful views on elevated lots of Scottsdale or downtown Phoenix. Homes that have a view of Camelback Mountain are popular. Take a look at Para... 12/26/2017

Bargain homes for sale in Paradise Valley?  Is there such a thing? See these lowest priced homes here for sale less than $1 million. The old investment adage is to buy the least expensive home in a more expensive area. Well, here they are. As an example, see all Homes for sale in Paradise Valley, Arizona with the most expensive homes and estates in Arizona, most with 1+ acre lots, nestled from Camelback Mountain to the north immediately west of Scottsdale. Some of the older Paradise Valley homes have a territorial feel while many have been built or remodeled more recently into Tuscan styled mansions. Beautiful views on elevated lots of Scottsdale or downtown Phoenix. Homes that have a view of Camelback Mountain are popular. Take a look at Paradise Valley luxury homes for sale priced fr... 12/09/2017

While the numbers of Short Sales and REOs in Paradise Valley are way down from the staggering levels following the market crash about 10 years ago, there are still some properties "under water" and some that have received a Notice of Default, the first step in the process that will result in the Trustee's Sale on the courthouse steps. It's always sad to see people give up and walk away from a home, particularly when alternatives exist which may well be better for them and their lien holders. We've learned that often those who "opt" to let the home go to foreclosure "by default" often believe that their personal circumstances prevent them from doing a Short Sale.   Circumstances such as: Multiple Home Loans IRS Income Tax Liens Past Due Child Support Past Due HOA Fees ...and the list goe... 11/14/2017

Paradise Valley has the most expensive homes in Arizona, most with 1+ acre lots, nestled from Camelback Mountain to the north immediately west of Scottsdale.  From these most expensive homes, here are the least expensive bargain homes for sale in Paradise Valley with prices, pictures and map locations. What is not to like? Well, these are the bargain homes in Paradise Valley. As you may know buyers are remodeling these older custom homes into larger impressive estates. Want to join in and make these older Paradise Valley custom homes great once again? Some of the Paradise Valley homes have a territorial feel while many have been built or remodeled more recently into Tuscan styled mansions. Beautiful views on elevated lots of Scottsdale or downtown Phoenix. Homes that have a view of Came... 11/10/2017

Although we no longer see the levels of Short Sales that we did a few years ago in Paradise Valley, Notices of Default continue to be issued, meaning that yet another Paradise Valley property is on the path towards foreclosure at auction on the courthouse steps. Suzanne and I wonder why the owners would allow the property to go to foreclosure, rather than investigate alternatives that may be mutually beneficial to themselves and their lenders. Not all properties heading for foreclosure are necessarily "under water" - which theoretically means they could be sold via a "traditional" sale rather than a "short sale" - but circumstances may mean there are other liens attached or other factors that inhibit or prevent the owners from selling the property - whether or not it's a short sale. Sho... 10/08/2017

Are there actually Bargain homes for sale in Paradise Valley?  See these bargain homes here for sale less than $1 million. In Paradise Valley, "bargain" does not mean "cheap". The old investment adage is to buy the least expensive home in a more expensive area. Well, here they are. As an example, see all Homes for sale in Paradise Valley, Arizona with the most expensive homes and estates in Arizona, most with 1+ acre lots, nestled from Camelback Mountain to the north immediately west of Scottsdale.Some of the older Paradise Valley homes have a territorial feel while many have been built or remodeled more recently into Tuscan styled mansions. Beautiful views on elevated lots of Scottsdale or downtown Phoenix. Homes that have a view of Camelback Mountain are popular.Take a look at Paradis... 09/21/2017

Where do You start when Appraising a Potential Listing?       September 13,2017I start with the Tischer Principle of QOM, KOM!   This evaluation process is for homes with views and elevation variations.  So in My Hoods, I have Troon Mountain, Camelback Mountain, Mummy Mountain and Piestawa Peak to name a few. Most subdivisions have roads which wind up the mountain to the top or the highest point.Image the road or roads winding around the mountain. Homes above the road are valued from 5-9, roads below the road are valued at 5 to 1. Value 10 is for the real QOM,KOM This ranking then is added to your CMA and used to compare Active Listings to your wantabe listing.Note: Subdivisions as well as areas have different Markets. Today, Most of the Valley with new houses, these new houses have cre... 09/13/2017

   This is the Paradise Valley Golf Course Homes For Sale August 2017. Paradise Valley offers some of the most amazing views and locations of Golf Course Homes for sale in the valley. There is a limited inventory of golf course homes for sale at this time but you will find  some interesting and very unique home styles and design with high end amenities, fabulous views and in various locations on the golf course. You'll want to take a very close look at  Paradise Valley Golf Course Homes For Sale.   For your convenience there is a link below to view all Paradise Valley Golf Course Homes for Sale with Pools and without Pools. Knowing and understanding the current market in Paradise Valley Arizona is essential to making an informed decision about buying or selling a home in the Paradise Va... 08/30/2017

  While the Short Sale days of the previous decade are for the most part behind us, the reality is that there are still hundreds of homes "under water" in Arizona.   While it's true that not every property facing foreclosure in Paradise Valley is "under water", may of them are, and unfortunately many homeowners still don't understand that the likelihood is they will be far better off doing a Short Sale of their Paradise Valley home than allowing their Paradise Valley home to be sold at auction on the courthouse steps!    Short Sales are "regular resales" with one big difference.     Your lender(s) must agree to accept less than the amount(s) owed on your loan(s).   While there are many details regarding Short Sale Seller financial circumstances and the hardship they face, the bottom lin... 08/22/2017

      This is the Paradise Valley 5 Bedroom Homes For Sale July 2017. Paradise Valley Arizona offers a  very unique and interesting selection of home styles & designs with high end amenities and  fabulous locations. Many  of these larger 5 Bedroom homes for sale come complete with a private quest home or private guest suite. Most 5+ Bedroom homes for sale in Paradise Valley have incredible outdoor patios and pools with spectacular views of the surrounding mountains. Take a look at Paradise Valley 5  Bedroom Homes For Sale.  And for your convenience you'll find a link below for 5 bedroom homes for sale with Pools and without Pools.   Knowing and understanding the current market in Paradise Valley Arizona is essential to making an informed decision about buying or selling a home in the Pa... 08/13/2017

   This is the Paradise Valley Luxury Homes For Sale July 2017. Whatever your taste may be in a Paradise Valley AZ Luxury Home - traditional to contemporary, you'll be delighted to find very interesting and unique home designs, high end amenities and locations near or on Camelback Mountain.  Most Luxury Homes for sale in Paradise Valley have wonderful outdoor patios and some have decked out outdoor kitchens and gorgeous pools as well as breathtaking views. You'll want to look a close look at Paradise Valley Luxury Homes For Sale.  For your convenience there is a link below to view all Paradise Valley Luxury Homes for sale with Pools and without Pools. Knowing and understanding the current market in Paradise Valley Arizona is essential to making an informed decision about buying or selli... 08/12/2017

   This is the Paradise Valley Golf Course Homes For Sale July 2017. Paradise Valley offers some of the most amazing views and locations of Golf Course Homes for sale in the valley. There is a limited inventory of golf course homes for sale at this time but you will find  some interesting and very unique home styles and design with high end amenities, fabulous views and in various locations on the golf course. You'll want to take a very close look at  Paradise Valley Golf Course Homes For Sale.   For your convenience there is a link below to view all Paradise Valley Golf Course Homes for Sale with Pools and without Pools. Knowing and understanding the current market in Paradise Valley Arizona is essential to making an informed decision about buying or selling a home in the Paradise Vall... 08/11/2017

  This is the Paradise Valley View Homes For Sale July 2017. Home buyers considering a View Home For Sale in Paradise Valley will be pleased to discover many  fabulous home options. You'll find an interesting selection of home styles & designs, amenities, locations and price points. View home living in Paradise Valley  offers unbelievable sunrises & sunsets as well as incredible city light views. You'll want to take a close look at  Paradise Valley View Homes For Sale.  For your convenience there is a link below to view Paradise Valley Homes for sale with Pools and without Pools. Knowing and understanding the current market in Paradise Valley Arizona is essential to making an informed decision about buying or selling a home in the Paradise Valley area. If you would like further  current... 08/10/2017

    This is the Paradise Valley 4 Bedroom Homes For Sale July 2017. 4 Bedroom homes for sale in Paradise Valley are a perfect option for home buyers with growing families or those professionals that work from home and need a home office. Many Paradise Valley home buyers also want and need an extra bedroom or quest suite for visiting winter relatives and friends.  Whatever your needs and wants are in a Paradise Valley home you will find some very unique home styles. Take a look at  Paradise Valley 4 Bedroom Homes For Sale.  And for your convenience there is a link below for all 4 Bedroom Homes for Sale in Paradise Valley AZ with Pools and without Pools.   Knowing and understanding the current market in Paradise Valley Arizona is essential to making an informed decision about buying or se... 08/09/2017