85253 Boundary Map
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Back (Soon) By Popular Demand - Just Listed HomesBoy, oh boy, did I get a lot of email about discontinuing “Just Listed Homes.” I’ve never gotten so much email about a change since I started Home Sale News in 2001. Therefore, I’m going to add a new MLS “Just Listed” system that will be as easy to use as the old system. That is, I’m keeping the new neighborhood-based MLS system and adding another new map-based MLS system to this website. The new, new system can display “Just Listed” MLS listings in a format similar to the old system’s. I found out the old system was very popular. The problem was I knew it was also very expensive and it was generating surprisingly little business for me! (Point of Clarification: The purpose of this website is to generate business for me as a Realtor.) So, if you use the new MLS system you have to cross your heart and promise to use me as your Realtor. A link to the new MLS system is below but the custom made “Just Listed” pages for each zip code will have to wait. It will take me days to create a “Just Listed” page for all 124 zip codes and I’m too busy right now helping clients (Thank goodness!). The new new Phoenix map-based MLS system. Pick your neighborhood and sign up for MLS map listings Be sure and take the tutorial. If you are getting ready to buy, fill out this form to get a custom MLS listing report for me. I hope one of those options works well for you. |
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Homes Sold in Paradise Valley, Arizona 85253 April 16 to 22 - Closings |
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| Sq. Feet |
$per SqFt |
Rm/ Bath |
Yr Blt |
Sale Price* |
Address Click to see map |
| 2,591 | 444 | 8/2 | 73 | $1,150,000 | 4836 E Moonlight Way |
| - | - | - | New | $3,272,995 | 4949 E Lincoln Dr Ste 4 |
| 3,463 | 549 | 7/4 | 68 | $1,900,000 | 5826 E Indian Bend Rd |
| 4,649 | 387 | 9/4 | 92 | $1,800,000 | 5914 E Via Los Caballos |
| 3,752 | 320 | 10/3 | 72 | $1,200,000 | 5921 E Donna Ln |
| 1,205 | 201 | 5/2 | 86 | $242,500 | c 6945 E Cochise Rd Unit 125 |
| 1,153 | 195 | 5/2 | 89 | $225,000 | c 7008 E Gold Dust Ave Apt 148 |
| 638 | 204 | 3/1 | 89 | $130,000 | c 7008 E Gold Dust Ave Apt 142 |
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A “c” before an address means it’s a condo, townhouse or patio home. * Click on the sale price to see County Assessor data. About the data. |
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85253 Paradise Valley, Arizona - Home Sale Charts (Beta)
About the home sale charts. I create these monthly charts using official Maricopa County home sales data. I’m still beta testing these charts so they may still have some errors. Please contact me if you see any errors.
Be aware that the fewer the number of sales, the more erratic the median prices will be from month to month.
Individual homes sold last month
Long-term monthly trends
85253 Paradise Valley, Arizona - Home Listing Charts
About the MLS listing charts. I buy the charts below from Altos Research. They create the charts using data gathered from Realtor.com and not directly from official MLS data which is not available for this purpose. The two datasets, however, should be similar. Altos Research does not guarantee the accuracy of their charts.
85253 Median List Price
Single family detached. Rolling 30-day average. This is list price, not sold price.
85253 Median List Price Per Square Foot
Single family detached. Rolling 30-day average. This is based on list price, not sold price.
85253 Inventory of Homes Listed for Sale
Single family detached. Rolling 30-day average
85253 Average Days on Market of Listed Homes
Single family detached. Rolling 30-day average. This is listed homes, not sold homes.
6 responses so far ↓
1 peter kelly // Feb 2, 2008 at 9:55 am
Useful info for a snap shot of the market. think about adding price brackets to avg days on market.
2 John Wake - Real Estate // Feb 2, 2008 at 12:04 pm
I think the vendor of the charts allows something similar to that. Let me see what they look like. I worried that they will be too scattered. Let me look.
Check out this chart http://www.altosresearch.com/AltosCharts/AZ/Paradise+Valley/85253/mean_dom/b/1,2,3,4/m/e/sf/5567783.png
3 i hauer // Apr 30, 2008 at 7:47 am
MLS listings show only current listing price, not original listing price.
It would be useful to see a chart showing sale price versus ORIGINAL asking price.
4 John Wake - Real Estate // Apr 30, 2008 at 9:09 am
i hauer,
I’ve done that occasionally but it is not something I can automate.
In the Scottsdale Luxury Home Tour area, the sale price as a percent of the final list price has been trending downward.
Where a year ago it would be maybe 94% to 96%, now it’s running 90% to 92%.
But that whole idea can put people on the wrong track.
Many homes are far more overpriced so you don’t want to just cut your offer at 10% less than list. You would be overpaying.
Other homes are priced well from day one and can be a good deal at full list price.
The statistic can help home sellers who feel insulted by an offer to show them what is the average.
5 i hauer // Apr 30, 2008 at 10:11 am
As you correctly point out, the ratio of sale price to FINAL listing price is a close to meaningless statistic. Perhaps it’s somewhat indicative of the market temperature, but nothing more. The concept of ‘priced well’ or even ‘value’ is itself a (almost) meaningless concept in a market in which only 2% of the inventory sells. Having looked at a few properties in PV lately, I discovered that it is quite common for a property to sell for less than 80% of the ORIGINAL asking price. However, for the price to be achieved (and the property to actually sell), the property needs to sit on the market for close to a year – the current mean. I tried to circumvent ‘the game’, and offered 80% of a recently listed property only to ‘insult’ the Lister with my offer… I have a feeling that the seller will ultimately rue the day he declined to sign back my offer. Cheers
6 John Wake - Real Estate // Apr 30, 2008 at 11:09 am
If you want to buy at the bottom, I suggest you wait and buy when you think the bottom has been reached.
So far, however, PV hasn’t shown a downward trend, one of the precious few zipcodes like that.
They could start declining next month for all I know. I just don’t know what will happen to prices in PV.
On the other hand, you could lose your dream home while waiting. I had a client looking in Troon. He had his eye on a real bargain, in my opinion, with spectacular views and pretty much everything he wanted.
But he was skiddish about prices and thought they would go even lower.
Now the home’s gone and I don’t think anything else comes close to having what he wants in his price range.
The home sold last week for only $5,000 less than what it was offered to him at. $1 million home.
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