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In the coming months, it’s important to watch for improving affordability as mortgage rates ease, which could bring more buyers back into the market. Rising inventory levels indicate a gradual shift toward a more balanced market, giving buyers greater leverage and encouraging sellers to price their properties strategically. Despite a slight dip in average prices, luxury demand remains strong, demonstrating that exceptional properties in prime locations continue to attract serious buyers.
– Grant Van Dyke
Metro Phoenix
Average Sales Price: September 2025 > $1,047,858 vs October 2025 > $1,007,882 = 4% decrease
Average Days On Market: September 2025 > 84 vs October 2025 > 81 = 4% decrease
Average Sale Price Per Square Foot: September 2025 > $365 vs October 2025 > $369 = 1% increase
Sale to List Price Ratio: September 2025 > 96.38% vs October 2025 > 96.43% = 0% Change
Number of Sold Listings: September 2025 > 423 vs October 2025 > 430 = 2% increase
Months Supply of Inventory: September 2025 > 5.38 vs October 2025 > 5.53 = 3% increase
Mortgage Rate: September 2025 > 6.27% vs October 2025 > 6.23% = 1% decrease
Top 10 Sales
$10,500,000 8230 N Mockingbird Ln, Paradise Valley
$9,250,000 5144 E Calle del Medio, Phoenix
$5,800,000 9114 N 55th St, Paradise Valley
$5,500,000 5740 N Casa Blanca Dr, Paradise Valley
$5,300,000 6701 E Sunnyvale Rd, Paradise Valley
$5,000,000 5301 E Vista Rica St, Paradise Valley
$4,850,000 8229 N Ridgeview Dr, Paradise Valley
$4,550,000 6467 E Sierra Vista Dr, Paradise Valley
$4,550,000 10002 N 61st Pl, Paradise Valley
$4,437,500 4800 E Pebble Ridge Rd, Paradise Valley
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➡️ 6 Steps To Home Buyer Success – http://vandykebuyerplan.com
➡️ 7 Steps To Home Seller Plan – http://vandykesellerplan.com
➡️ 8 Steps To Agent Success – http://vandykeagentplan.com
