Paradise Valley and Arcadia Real Estate Report

Paradise Valley Views

~ Time for a quick recap of the Paradise Valley Real Estate report

Numbers are steady from the start of the year – May 17th in Paradise Valley.

Total numbers of homes sold January – May of this year did take a slight dip from last year, Average Days on the Market dropped as well.  Some good news to share in the Avg. Sale Price to List Price ratio compared to last year; it is up and so is the average sold price.

 Paradise Valley
(Single Family Only)
% change ’12 to ’13

Jan –May  2013

Jan – May  2012

# of Listings Sold

-6%

165

175

Avg Days on Mkt

-20%

172

205

Avg Sold Price

+27%

$1,706,397 $1,339,613
Avg List Price

+18%

$1,996,998 $1,691,138
Sold Price/List Price

+6%

85%

79%

The Average Sold and List Price numbers are bit skewed from last year due to a $10.5 million dollar sale.  The highest sale this year up to day was a sale at 6.8 Million on Arroyo Rd. This year we are seeing more expensive home sales, some in and above the 5M, last year at this time they were at 4.8M.  Currently, there are 330 homes ready for you to move into today.  Prices range from $305,000 up to $20,000,000.   So, there are plenty of choices for you to come and enjoy the Paradise Valley way of living and that’s your quick wrap up for the Paradise Valley real estate market update.

 arcadia-manor-home-for-sale

~ Time for a quick recap of the Arcadia Real Estate report.

Let’s start off by letting everyone know that we are speaking of True Arcadia Market (north of the canal, 44th street, to Paradise Valley, Jokake – 62nd st once 64th your considered Scottsdale). I see you Ingleside Club and others near these boundaries but did not include you on these numbers, no offense.  For all out there Ingleside Club and homes near the boundaries are still considered Arcadia to them and many but can also be confused with Phoenix so we did not include.  Home in these areas can be listed and sold upwards of 2.5-3 M.

Number of homes sold in Arcadia this year from last did jump. Total numbers of homes sold is up by 11 homes from last year, the Average Days on the Market stayed similar.  Some good news to share again in the Avg. Sale Price ratio compared to last year; it is up by 33%.And the List Price to Purchase price stayed the same.

 Arcadia (Single Family Only) % change ’12 to ’13

Jan –May 17 2013

Jan – May 17 2012

# of Listings Sold

+19%

68

57

Avg Days on Mkt

+11%

111

100

Avg Sold Price

+33%

$1,085,120 $816,821
Avg List Price

+33%

$1,170,877 $881,334
Sold Price/List Price

0%

93%

93%

 

The Average Sold and List Price numbers are great at only 93%; homes seem to be priced well in this location.  This year Arcadia recorded one of the most expensive homes sold in Arizona a $7.7 million dollar sale on Grandview. This year we are seeing more expensive sales some in and above the 2M, last year at this time they were at the 3M tops.  Currently, there are 75 homes ready for you to move into today.  Prices range from $420,000 up to $8,700,000.   So, there are plenty of choices for you to come and enjoy the Arcadia way of living and that’s your wrap up for the Arcadia real estate market update.

 For more on Paradise Valley or Arcadia Real Estate, visit Lavish Pad Boutique.  

Want a detailed report for other cities like Scottsdale, Old Town Scottsdale, Biltmore, Central Phoenix, Tempe, Chandler, and Mesa? Even subdivisions in particular Silverleaf, Desert Mountain, Camelback Country Estates, The Biltmore, Las Sendas, etc?  Let me know.

Want to know your homes true value – fill out this FORM.

Looking to sell your Lavish Pad? Call us at 480.458.8007 or fill out this FORM

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Lavish Pad Boutique

8930 E. Raintree Drive Suite 200Scottsdale, AZ 85260 | Direct 480-458-8007

Email: Pesqueira2@cox.net ~ LavishPadBoutique@GMAIL.COM

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