85253 Paradise Valley real estate notebook
Paradise Valley 85253 New MLS Listings - List
Paradise Valley 85253 New MLS Listings - Map
Paradise Valley 85253 New MLS Listings - Snapshots
Paradise Valley 85253 Boundary Map
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Homes Sold in Paradise Valley, Arizona 85253 June 2 to 4 - Closings |
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| Sq. Feet |
$per SqFt |
Rm/ Bath |
Yr Blt |
Sale Price* |
Address Click to see map |
| 3,427 | 219 | 8/4 | 86 | $750,000 | 5539 E Turquoise Ave |
| 3,739 | 388 | 9/3 | 79 | $1,450,000 | 6329 N 44th St |
| 1,134 | 159 | 5/2 | 85 | $180,000 | c 6900 E Gold Dust Ave Unit 119 |
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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
About the home sale charts. I personally create these monthly charts using official Maricopa County home sales data. 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 average85253 Average Days on Market of Listed Homes
Single family detached. Rolling 30-day average. This is listed homes, not sold homes.
{ 6 comments… read them below or add one }
peter kelly 02.02.08 at 9:55 am
Useful info for a snap shot of the market. think about adding price brackets to avg days on market.
John Wake - Real Estate 02.02.08 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
i hauer 04.30.08 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.
John Wake - Real Estate 04.30.08 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.
i hauer 04.30.08 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
John Wake - Real Estate 04.30.08 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.