Prices are continuing to drop throughout Paradise Valley as more distressed properties are coming to the market. We've seen homes that were priced at $3.5 million a year ago are now selling for around $2.2 million. Great deals are popping up daily. Bank owned properties are seeing bidding wars with cash buyers being king. The trend is that more REO's and short-sales coming to the market which will continue to push prices down. It's not too late to take advantage of the great opportunities that are available. Having diligent, market savy brokers representing you will only help your ability to find that great deal.
If you are interested in trading up or moving into Paradise Valley, now may be the time. If you would like a list of REO's, properties for sale, or comps for your current property please contact Team Wichterman-Paul at 602-717-8882.
ZIP Code: 85253 Location Characteristics: Nestled near Mummy Mountain and Piestewa Peak, Paradise Valley is home to some of Phoenix's most expensive Real Estate. Paradise Valley is located in between Central Phoenix, and Scottsdale making for a highly desirable location. Most homes within this community are located on lots an acre or larger.
