PV Luxury Market is heating up again. Inventory levels have dropped to 172 active single family home listings. Demand is potentially going to explode this season with upcoming Superbowl. The PV market is going to see record prices. Recently there was a home closing at $1,645 p/ft

There is no recession in Paradise Valley!! 1. Paradise Valley average sale price is over $3.75 million. 2. There are only 150 single-family homes for sale. Normal market inventory is 350. 3. 65 homes are priced over $6 million, and 30 are over $10 million. (1/2)

Before you panic by headline “real estate market is about to collapse" look at the factors. Noted by David Smith “The number of new home constructions has risen 67% and homes are still selling quickly.” This is not a free fall. (1/2)

Noted by the Cromford Report, Paradise Valley and Scottsdale are holding value as the top zip codes the the state to buy luxury homes. As the city continues to grow, homes are selling faster and at a higher price. #Luxuryrealestate #ParadiseValley #AZrealestate

Noted in Luxury Homes Weekly, “Luxury remains one of the brighter spots in the market. The pattern here is that the upper end of the market is healthy. Paradise Valley has only 142 single family homes for sale, and just before the pandemic we had 341.”