Look at the chart below. Paradise Valley is still struggling to build back to normal inventory levels.
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I’m not going to say the classic line, now is a great time to sell your home, because well there’s so many variables that make up you home. However, I do feel comfortable to say if you are planning to sell, now is a great time to list your Paradise Valley home for sale.
Why is it a Good Time to List Your Paradise Valley Home for Sale?
Mainly because the inventory is so low. As of this morning according to the Arizona Regional Multiple Listing Service there is only 267 single family detatched homes for sale in Paradise Valley.
Imagine you are a buyer with a specific price in mind. As of now there are only 11 homes priced between 3,000,000 and 4,000,000. Imagine buyers in that price range are pretty picky when choosing a home to live in. And they only have 11 to choose between.
That’s why if you list your home now it will be noticed by buyers. Simply because serious buyers are looking at every single home on the market in their target price range. The choice is just too narrow to take any other approach.
So prices may be depressed, buyers may have high demands. But from a sheer competition for attention point of view. Now is a good time to list your Paradise Valley home for sale.