Home Prices Paradise Valley Arizona June 2024

Home Prices in Paradise Valley Arizona Updated – January 2026

Real Estate News. Following is a look at Home Prices and pricing trends in Paradise Valley and Scottsdale Arizona comparing mid 2024 to January 2026. Professionally prepared NOT from a service 3 months behind and basic.

No Fluff Home Stats and Figures for Paradise Valley

Your Monthly Paradise Valley Market Update from Paradise Valley real estate expert, Michael Chaisson.

In December 2024 there were 16 sales over 3 million for homes built up to 2017. In comparison, as of December 29th 2025, there were 9 sales. In November 2024 studying the sales of Single family homes in Paradise Valley, built up to 2017 there were 8 sales in 2024. In comparison, in 2025 we see a total homes sales of 15. So doing the math November of 2024 to December 2024 we see a total of 24 sales and in comparison 2025 – same period; we see a total of 24. So Folks; unit home sales in Paradise Valley were literally the exact same, last month as 2024 – using the identical criteria. Next we look at Per Square Foot sales prices in Paradise Valley over the last year and more.

Following We Look at –

#1. Current inventory in Paradise Valley

#2. Most recent sale prices as we approach summer

#3. Compare Sales Prices over last 60 days.

First a Comparison of Recent and Very Past Pricing and Demand in Paradise Valley

In April / May of 2023 there were 210 Active listings;
On July 26th, 2024. There were 159 Active listings, 287 Days of inventory of homes listed over 3 Million. However in comparison, throughout 2015 (A normal market) 440 Days of inventory was the norm in Paradise Valley real estate. Consequently, Most Realtors would not take a listing contract for less than a year, overall, the two data points above simply reflect a return to a more normal market.

If you would like to view and have access to Paradise Valley/Scottsdale Homes taken off the Market for Summer, Off-Market and Private Listings – Or would like to have your home privately available to high net worth Buyers, Please contact me by text or voice at 480-450-4632 or emailing me at azluxuryliving@yahoo.com

Home Prices Paradise Valley December 2025 into January 2026 – Review.

On April 22nd 2024, The average sale price for homes selling over 3 million, with a year build date of 2017 or prior – between 3000 and 8,000 SF was $852.20. Looking to the current Paradise Valley Real Estate Market, Closing for November and December 2025 in Paradise Valley for homes selling over 3 million, with a year build date of 2017 or prior – between 3000 and 8,000 SF was $784.18 – A DROP of 8% from April of 2024 ! Reflecting a slow, 21 month return to market balance and stabilization.

Here is a sneak Peak at real estate pricing trend in Paradise Valley the last few months.

Paradise Valley 2024 Market Indicators

In May, Paradise Valley Home buyers were sharpening their pencils, which was reflected in a difference between list and sale price of 4.8%. In June…buyers hit sellers harder with a 6% price divide between ask and list, in comparison, in 2023, the difference between list and sale price was 4.6%.

What is interesting is – contrasting that with sales in Paradise Valley during March of 2022 with extraordinary demand and 30 Sales. The list to sold price was 100.3% ! A less than 1% price difference. Sellers were getting nearly full price… or over on nearly every sale.

New Home Construction Prices In Paradise Valley

New Construction homes in Paradise Valley in March 2024 were selling at an average of $1,306 PSF. Noting : The 4 New Construction sales in Paradise Valley since November 2025 – sold for an average of $1,148.00 PSF or a drop of 12% in psf sale prices.

Good for new construction buyers, not so good for Paradise Valley home builders.

Housing Inventory Trends to Consider.

Inventory in Paradise Valley is staple with 188 homes in inventory with 42 of those being new construction.

PHOENIX HOUSING MARKET

Phoenix housing inventory is up. In late 2023, housing inventory in Phoenix was 12,835, then in April 2024 inventory in Phoenix was 18,030. May 2024 18,430. Look for January 2026 Inventory in Phoenix to be approximately 24,000

Noting – The market is more balanced for both buyers and sellers However, with market uncertainty and rising inventory in surrounding areas and recent lower PSF sales numbers, do you feel PV home prices will begin to rise in near future?

Paradise Valley Home Prices Versus Market Demand

Today, luxury buyers are watching trends; however, they are not putting their needs on hold to wait for deals. What this means, for those wanting to sell in Paradise Valley or Scottsdale is. You can still get an excellent number for your home, but the competition is simply getting stiffer, so preparation, presentation, effort and marketing are key. Any Realtor, Clerk, Mechanic etc can sell a home, however, to sell at top dollar with the highest degree of comfort for you, requires a higher degree of experience, information, work and talent.

I look forward to discussing the market with you anytime. *All my reports are done by hand and carefully studied. They do not come from a generic service most Realtors use.

It’s a genuine pleasure to be a part of; and a service to this community.

For Real Estate History Buffs

The entire Phoenix metro area including all cities encompassing a total area of 515 Square miles is currently at 18,641 . In stark contrast, Phoenix was at an all time modern low of just 3066 residential properties for sale in February of 2022. At that same time Paradise Valley reached an all time modern low of 70 residential listings for sale that same month.

As a matter of fact, at the time, the 70 active listings included, not only single family homes but also condominiums for sale in 85253. Noting – Typically between 9% and 12% of active listings in Paradise Valley are condominiums. For example, the Borgota condominiums on Scottsdale Road are in Paradise Valley.

BELOW TO BE UPDATED JANUARY 2nd 2026

Of the current 182 active listings in Paradise Valley the least expensive livable home is $1,495,000 for 2,810 square foot home, built in 1992, on a 10,833 square foot lot. The most expensive home listed in Paradise Valley is 75 million. There are currently 6 homes in Paradise Valley listed at or over 25 million.

HOME INVENTORY IN PARADISE VALLEY

Today’s Home Prices in Paradise Valley Arizona

In the uber luxury market of Paradise Valley, ‘The Beverly Hills of Arizona’ Homes for sale in Paradise Valley available.

Homes Currently Available in Paradise Valley. July 26th Minimum entry price for livable currently at 1.495 million to 75,000,000
Homes Currently Available between 3000 sf and 4500sf – 28
Homes Currently Available between 4501 sf and 6500sf – 46
Homes Currently Available between 6501 sf and 8500sf – 35
Homes Currently Available between 8501 sf and 40,000sf – 23

NEW Construction Inventory , Homes built in Paradise Valley in 2023 to 2025 – (44) In other words 44 of the 194 Active, single family homes, are new construction homes for sale in Paradise Valley. 33% of all homes available are new construction.

Additional Market Data – Paradise Valley

Paradise Valley current days of SFR inventory 287 compared to Sept 2023 of 144 Days of Inventory.
Paradise Valley current current MI (Call for definition) is at 103.2 – Presently slightly favoring sellers. This is down from a MI last reporting period of 114.

Scottsdale Home Prices Snapshot

To review Scottsdale’s Current real estate market and pricing. Please click link following to view the complete Scottsdale Market Report.

Market Observations – Influences for Real Estate Market 2024

An analysis conducted by Moodys – Analytics aimed at discovering whether economic fundamentals, including if local income levels, could support local home prices. What they discovered was; On a national level, U.S. home prices were “overvalued” by almost 25%. In other words, U.S. home prices are 25% higher than they would historically trade at given current income levels. Essentially, home prices had moved into the upper bounds of affordability. The last time this happened was during the 2000s housing bubble. Moodys further found certain areas to be over valued by more than 50%. Guess who; In fact, all of Arizona came in 1st; parts of Texas came in a close 2nd. And yes, Utah and parts of Florida were also in the top ten. These home prices are now coming down to healthier levels in some areas and stabilizing in others.

Paradise Valley Homes Market Updates –
Top THREE Reasons to Search Here

99% of the reports I read from other Realtors are out of date AND inaccurate.
Other reports are NOT specific to the neighborhood. Looking for detailed information on the Luxury Homes in Paradise Valley or Scottsdale – I will provide direct data with an informed perspective.
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Call to view homes in Paradise Valley or Scottsdale. Ranked as one of Paradise Valley most respected and recognized Realtors. Michael Chaisson 480-450-4632
Rated – Top 50 Realtors by Phoenix Magazine.

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For the latest real estate market updates in Paradise Valley or Scottsdale Please call or text me at 480-450-4632