What's going on With Paradise Valley AZ. Real Estate?
For those interested in Paradise Valley Real Estate, ZIP code 85253 comprises a 17 square mile area encompassing the town of Paradise Valley and a few adjacent sections of the cities of Phoenix and Scottsdale. The boundaries of Paradise Valley and ZIP code 85253 coincide for long stretches but deviate at the northern and eastern extremities. It mainly lies north of Chaparral Road and south of Shea Boulevard. The western boundary is complex but runs along 32nd Street and Tatum Boulevard for much of its length. The eastern boundary runs along Scottsdale Road.
It includes Paradise Valley Country Club, the northern parts of Echo Canyon Park, Marriott's Mountain Shadows Resort and Golf Club, McCormick Park, Camelback Golf Course and the Borgata of Scottsdale.
- Active Listings for August '09 - 488, down from 514 in July '09
- Listings holding Pending Sales dropped to 27 for August '09, down from 30 in July '09
- Closed sales are up for the month of August '09 at 26 with an average of 368 days on the market, from 24 in July '09, with an average of 269 days on the market
- Average Price for the month of August '09 is up at $2,338,000K from $1,831,000 in July '09
- Days on Market for Active Listings are up a stitch for the month of August '09 at 296 from 291 in July '09
- 11% of the total active listings are pre-foreclosures
- 3% of the total active listings are lender owned properties
- Annual Appreciation came up in August '09 to -21% from -25% in July of '09.
For a more extensive report on the Paradise Valley Real Estate market and areas of Phoenix and Scottsdale checkout these detailed reports.
Joe Janus - Paradise Valley homes for sale