Current Real Estate Market Trends for Paradise Valley Arizona (85253 Zip code)
On a weekly basis, I'll be summarizing market trends in various zip codes of Phoenix, Scottsdale and Paradise Valley. This week I'm starting with Paradise Valley (zip code 85253). Paradise Valley is situated between Phoenix and Scottsdale and is one of the nations 50 wealthiest areas.
The median home price this week (2/18/08) is $2,850,000 with the 445 homes currently for sale in PV being on the market for an average of 125 days. Days on market and inventory are trending upward which implies a softening market. With the number of homes on the market, buyers will find plenty of choices.
If you'd like a one page summary or the more detailed report on zip code 85253 go to my market trends report page for Paradise Valley real estate.
Joe Janus - Paradise Valley real estate