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Market Update: Paradise Valley, AZ

Posted by chelsea on May 21, 2021

Demand for luxury homes in Paradise Valley continues to gain momentum in its first quarter with a 200% increase in sales compared to this time last year, according to the Paradise Valley Luxury Market Update for May 2021 from Russ Lyon Sotheby’s International Realty.

A total of 81 sales took place in April 2021, compared to 27 sales in April 2020.

In addition, an 8% increase in sales was recorded month-over-month, with 75 total sales.

According to the report, inventory levels and day on market have both experienced a decrease compared to last month. The number of active listings in April 2021 was 140, a 7% decrease from the previous month, and a 52% decrease from this time last year.

May 2021 Paradise Valley Market Update –

In addition, the number of days on market for listings throughout Paradise Valley sits at 83 days for April 2021, compared to 176 days in April 2020, a 52% decrease compared to last year.

According to, the current Median Sales Price for April 2021 is $2.75M, compared to $1.82 in April 2020. A 35% increase compared to this time last year.

With more buyer demand than available listings, most homes are selling for 100% of their asking prices proving a strong Seller’s Market throughout the Paradise Valley, reports


Russ Lyon Sotheby’s international – Arizona Luxury Market Update – Paradise Valley, AZ Real Estate Market

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