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PARADISE VALLEY ARIZO N A www.LuxuryHomeMarketing.com
2022
PARADISE VALLEY
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | FEBRUARY 2022 Inventory
Sales
Luxury Benchmark Price 1: $1,700,000 $7,500,000+
31
3
$6,600,000 - $7,499,999
7
1
$5,800,000 - $6,599,999
5
3
$5,000,000 - $5,799,999 2
Total Sales Ratio2: 60% 4
7
5 5
$3,400,000 - $3,799,999 2
$3,000,000 - $3,399,999
1
Seller's Market
3
$3,800,000 - $4,399,999
$2,600,000 - $2,999,999
1
$2,400,000 - $2,599,999
1
$2,200,000 - $2,399,999
1
$2,000,000 - $2,199,999
0 0
$1,900,000 - $1,999,999
0
$1,800,000 - $1,899,999
0
$1,700,000 - $1,799,999
Total Sales: 41 7
3
$4,400,000 - $4,999,999
Total Inventory: 68
0
4 4 4 3
1 1
1
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,999
$2,595,688
4
4
7
5
140%
4,000 - 4,999
$2,672,500
4
4
8
6
133%
5,000 - 5,999
$3,280,000
4
6
8
5
160%
6,000 - 6,999
$4,727,500
5
6
6
10
60%
7,000 - 7,999
$4,450,000
5
7
6
12
50%
8,000+
$6,275,000
5
8
6
30
20%
The luxury threshold price is set by The Institute for Luxury Home Marketing. 2Sales Ratio defines market speed and market type: Buyer's < 14.5%; Balanced >= 14.5 to < 20.5%; Seller's >= 20.5% plus. If >100% MLS® data reported previous month’s sales exceeded current inventory.
PARADISE VALLEY
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
Inventory
Solds
$4,000,000
$2,788,555
106
$2,974,500
48
Feb-21
$2,850,000
121
105 62
Apr-21
$2,787,500
51
46
May-21
Jun-21
$2,650,000
34
Jul-21
$2,750,000
123
114
113
108
106 62
Mar-21
$3,325,000
$3,217,925
$2,850,000
111
26
21
Aug-21
Sep-21
$3,000,000
111
37
Oct-21
$3,695,000
$3,278,423
92
79
35
36
Nov-21
Dec-21
68 41
31
Jan-22
Feb-22
MEDIAN DATA REVIEW | FEBRUARY TOTAL INVENTORY Feb. 2021
TOTAL SOLDS
Feb. 2022
Feb. 2021
106
Feb. 2022
68 VARIANCE: -36 %
41 VARIANCE: -15 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Feb. 2021
$
48
Feb. 2022
496
617 VARIANCE: 24 % $
Feb. 2021
SALES PRICE
Feb. 2022
Feb. 2021
2.79m
Feb. 2022
3.70m VARIANCE: 33 %
$
$
DAYS ON MARKET Feb. 2021
96.57% 100.00% VARIANCE: 4 %
Feb. 2022
63
46 VARIANCE: -27 %
PARADISE VALLEY MARKET SUMMARY | FEBRUARY 2022 • The Paradise Valley single-family luxury market is a Seller's Market with a 60% Sales Ratio. • Homes sold for a median of 100.00% of list price in February 2022. • The most active price bands are $2,400,000-$2,599,999 and $2,600,000-$2,999,999, where the sales ratio is 400%. • The median luxury sales price for single-family homes is $3,695,000. • The median days on market for February 2022 was 46 days, down from 63 in February 2021. Square foot table does not account for listings and solds where square foot data is not disclosed. 4 Data reported includes Active and Sold properties and does not include Pending properties.
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