April 2018 Real Estate Snapshot for Paradise Valley

The real estate market in Paradise Valley continues to rise, with an $15 per square foot increase from March to April, in the 6 month moving average as we continue to see a decline in inventory since April 7, 2018.
With declining inventory comes a seller’s advantage, so if you are considering selling your home in Paradise Valley, let’s get your home sold.

Active Listings

Inventory has been on a decline since the beginning of this month, May 2018.
As of Monday, May 21, 2018, Paradise Valley has 328 homes for sale, 42 less than we had on April 7, 2018, the day with the highest amount of listings so far this year.

Listings Sold

April was the second strongest month so far this year with 42 homes closing successfully, right after March 2018.

With declining inventory comes a seller’s advantage, so if you are considering selling your home in Paradise Valley, let’s get your home sold.

 

Average price per square foot

The real estate market in Paradise Valley continues to rise, with an $15 per square foot increase from March to April, in the 6 month moving average.

March 2018 had a moving 6 month average price per square foot of $379 with April being $397.

Let's chat about the current market

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Significant Real Estate Market Activity in the month of April 2018

The highest priced sale for April 2018 in Paradise Valley was for $6,000,000, a 9830 sq. ft single family home on Invergordon Rd and Doubletree Ranch Rd.

The lowest price home was sold for $637,500, a 2809 sq. ft. single family home on Tatum Blvd and Sunset Dr.

In addition to the 41 single family homes that sold in April 2018, 7 condos in Paradise Valley also sold with 1 townhouse and 2 patio homes.