MAY Home of the CLHMS
TM
PARADISE VALLEY ARIZO N A www.LuxuryHomeMarketing.com
2022
PARADISE VALLEY
SINGLE - FAMILY HOMES
LUXURY INVENTORY VS. SALES | APRIL 2022 Inventory
Sales 1
$1,700,000
91 41 Seller's Market 2
: 45%
Square Feet3
Price
Beds
Baths
Sold
Inventory
Sales Ratio
-Range-
-Median Sold-
-Median Sold-
-Median Sold-
-Total-
-Total-
-Sold/Inventory-
0 - 3,999
$2,650,000
4
3
9
13
69%
4,000 - 4,999
$3,500,000
4
5
11
6
183%
5,000 - 5,999
$4,007,786
5
6
5
11
45%
6,000 - 6,999
$6,543,500
5
6
4
12
33%
7,000 - 7,999
$3,600,000
5
6
4
14
29%
8,000+
$8,820,000
6
7
8
35
23%
2 ®
PARADISE VALLEY
SINGLE - FAMILY HOMES
13 - MONTH LUXURY MARKET TREND 4 Median Sales Price
Apr-21
May-21
Jun-21
Jul-21
Aug-21
Sep-21
Inventory
Oct-21
Nov-21
Solds
Dec-21
Jan-22
Feb-22
Mar-22
Apr-22
MEDIAN DATA REVIEW | APRIL TOTAL INVENTORY Apr. 2021
Apr. 2022
121
TOTAL SOLDS Apr. 2021
Apr. 2022
91 VARIANCE: -25 %
41 VARIANCE: -34 %
SALE PRICE PER SQFT.
SALE TO LIST PRICE RATIO
Apr. 2021
Apr. 2022
526
748 VARIANCE: 42 %
$
$
62
Apr. 2021
Apr. 2022
SALES PRICE Apr. 2021
$
3.22m
Apr. 2022
3.63m VARIANCE: 13 % $
DAYS ON MARKET Apr. 2021
99.71% 100.00% VARIANCE: 0 %
Apr. 2022
46
17 VARIANCE: -63 %
PARADISE VALLEY MARKET SUMMARY | APRIL 2022 • The Paradise Valley single-family luxury market is a Seller's Market with a 45% Sales Ratio. • Homes sold for a median of 100.00% of list price in April 2022. • The most active price band is $3,400,000-$3,799,999, where the sales ratio is 300%. • The median luxury sales price for single-family homes is $3,625,000. • The median days on market for April 2022 was 17 days, down from 46 in April 2021. 3
Your Luxury Expert Team Born and raised in Pittsburgh, Sharon took a leap of faith with her now husband, Justin, and moved from PA to Phoenix in 2002. She met her now partner, John, when he sold them their first home, where she was instantly intrigued with real estate. She got her license in 2003 and has been a residential specialist since! The goal of the Arizona Home Group has always been to provide you with A Better Real Estate Experience. John, Sharon and the team have delivered world class service to thousands of clients, helping buyers and sellers make an educated decisions and negotiating the best prices. Let us help you to navigate the process of selling your largest asset, with honesty, integrity and an attention to detail that is second to none. Check out some of our reviews: “In two words, Sharon is an absolute “All Star”. As an out-of-state seller of an investment property, I knew I was in great hands from the word go. Sharon and her team took care of absolutely everything, all in a highly efficient and professional manner. Most importantly, Sharon was able to get me top dollar for the property, over the listing price, literally days after the house went on the market. Without a doubt, the best home selling experience I have ever had. If you want the best agent in the market working for you, Sharon should be your first and only choice.” Colin S. “After terminating my existing agreement I found Sharon through a mutual friend. Being remote in Canada poses big challenges when selling a condo. Expectations to go ‘over & above’ mean more time, planning and sweat equity. We established expectations early and I was clear this sale wouldn’t be easy - Sharon never wavered. From day one when we partnered she assessed the quality of the current pictures taken, problem areas, renovations required and made immediate recommendations to ensure best value. After the Assessment and/or honeymoon phase I was sold on her professionalism and local knowledge. I invested a small amount of money which she project managed since I was remote handling all contractors, invoices and schedules. After successful conclusion we sold the Condo over asking... Not only was I thrilled with the financial outcome, the willingness to immerse herself in the project showed her commitment and ability to yield big results... Chris T. Thank-You Sharon for the great experience.....” “First time home buyer and Sharon & her team couldn’t be any more helpful. From teaching me about the home buying process to applying their expertise, I was able to get the perfect home in my budget even in this market. If you are in need of a realtor in the valley, your search stops here as you wont find anyone better.” Dylan S.
Sharon Coffini REALTOR® SharonAHG@Gmail.com 480.225.5710
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