Paradise Valley Market Conditions, May 2008

Paradise Valley single family homes, condos and townhouses sales reports for May 2008.

Single Family Homes Sales Report

Average May
2007
Apr
2008
May
2008
Monthly Change in %
Annual Change in %
Asking Price $2,395,232 $1,985,117 $2,875,540
44.85%
20.05%
Sales Price $2,162,169 $1,574,667 $2,379,370
51.10%
10.05%
% of Asking Price 90.27% 79.32% 82.75%
4.31%
-8.34%
$/SQFT $486.27 $370.74 $429.21
15.77%
-11.73%
Days on Market 165 193 283
46.63%
71.52%
Total Transactions 34 15 20
33.33%
-41.18%

 

All numbers are from the ARMLS and are deemed reliable but not guaranteed, as of 6-09-2008.