Paradise Park Trails (McCormick Ranch) market tightening up

I did a CMA for a gentleman in Paradise Park Trails this morning and found the real estate market there strengthening.

Paradise Park Trails, McCormick Ranch, Scottsdale Arizona;

Homes sold in the last 3 months = 2
Homes currently under contract to buyers = 6
Homes currently listed = 14

You can see a burst of recent sales (currently under contract) because we are in the high season for home sales.

If all of those 6 homes currently under contract sold, we would be looking at a normal supply, more of less, of homes for sale in Paradise Park Trails in McCormick Ranch.

Normal is good.

[Originally posted on McCormick Ranch Agent blog.]

March 26, 2008 by Realtor John Wake

About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

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