Paradise Valley, AZ 85253 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary market indicator is the median sold price of 3,061,000, which represents recent transaction values and should be treated as the clearest signal of neighborhood-level market value.
2. There is a notable spread between the median listing price of 4,850,000 and the median sold price of 3,061,000, which may indicate pricing friction where seller expectations exceed recent transaction prices; this appears alongside neutral market conditions and suggests careful pricing strategy is needed to improve sale likelihood.
3. Market velocity is slow by days-to-contract standards: the median days on market is 423, which points to slower sales velocity rather than immediate clearance of inventory and may require targeted marketing or price adjustments to accelerate transactions.
4. Market context signals are mixed: the price year-over-year trend is flat, the market temperature is neutral (balanced), rent year-over-year trend is down (softening), and interest rate pressure is moderate (caution), together suggesting a moderated appreciation environment where luxury pricing should be validated against recent sold comps.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.