Here is an updated market analysis of Paradise Valley, Arizona (ZIP code 85253) covering the period from March through May 2025:
Having experienced three major local market corrections in my 41 year Real Estate Career, I recognized early signs of a shifting trend last year, with home prices
beginning to soften.
What we’re now witnessing is a more pronounced pattern: sellers are chasing the market down, making substantial price reductions in an attempt to catch up with declining buyer demand.
However, this raises an important question. If inflation is driving the dollar’s value down—effectively weakening purchasing power—shouldn’t sellers be raising their prices to reflect the diminished real value of the currency, rather than reducing them?
By lowering listing prices in nominal terms during an inflationary period, sellers may inadvertently be compounding their losses. Not only are they accepting less for their property, but the money they receive is worth less in real terms. This approach seems counterintuitive and potentially harmful to a seller’s net position,
especially in high-end markets where holding costs and capital preservation are significant considerations.
In my view, sellers and their advisors need to take a more strategic approach—one that accounts for both market psychology and the macroeconomic backdrop of inflation and currency devaluation.
If you’re considering Buying or Selling A Mansion Valued $10 Million Dollars Or More in The Town Of Paradise Valley, Contact Alan Ripa, P.C.
Office Number: 480-998-0676.
Median Listing Price: $5,199,000
Median Sale Price: $3,327,500
Median Days on Market: 78 days
Homes Sold: 301
Sale-to-List Price Ratio: Approximately 96.7%
Price Reductions: Approximately 25% of homes had price reductions
Market Dynamics: The market experienced a slight cooling, with a majority of homes selling below the asking price.
Median Sale Price: $3,550,000
Median Price per Square Foot: $753
Homes Sold: 42
Sales Below Asking Price: Approximately 79% of homes sold below asking price
Market Dynamics: The market showed signs of stabilization, with a modest increase in median sale price compared to March.
Median Listing Price: Approximately $5.2 million
Market Dynamics: The market remained relatively stable, with high-end demand maintaining price levels.
Highest Sale: A 9-acre estate sold for $30 million in May 2025, marking one of the most expensive home sales in Arizona. The property featured a 14,800-square-foot main house, guest quarters, and a watchtower. WSJ
Other Significant Sales:
5203 N Monte Vista Dr: Sold for $9.25 million on March 3, 2025.
7000 E Horseshoe Rd: Sold for $6.95 million on March 7, 2025.
5715 E Cheney Dr: Sold for $4.685 million on March 5, 2025. Realtor
The Paradise Valley real estate market experienced a slight cooling in March 2025, with a decrease in median sale prices and a higher percentage of homes selling below asking price. However, by April and May, the market showed signs of stabilization, with median sale prices increasing modestly and high-end demand sustaining price levels. The sale of a $30 million estate in May underscores the continued interest in luxury properties within the area.WSJ
If you’re considering Buying or Selling A Mansion Valued $10 Million Dollars Or More in The Town Of Paradise Valley, Contact Alan Ripa, P.C.
Office Number: 480-998-0676.
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Unrivaled Expertise: Growing Up In The Town Of Paradise Valley And With Over Four Decades Of Experience In The Paradise Valley Real Estate Market, Alan Ripa, P.C. Has Solidified His Reputation As The Go-To Expert For Luxury Properties. His Extensive Knowledge Of The Local Market Trends, Neighborhoods, And Architectural Styles Ensures That You’re Not Just Buying Or Selling A Property, But An Experience Tailored To Your Unique Desires.
Personalized Attention: Alan Understands That Luxury Real Estate Demands A Bespoke Approach. Alan Takes The Time To Understand Your Preferences, Lifestyle, And Investment Goals, Allowing Him To Curate A Curated Selection Of Properties That Truly Align With Your Vision Of Perfection.
Unparalleled Network: With A Vast Network Of High-Net-Worth Individuals, Industry Professionals, And International Contacts, Alan Ripa, P.C. Opens Doors To Exclusive Off-Market Opportunities That Are Beyond The Reach Of Traditional Listings. This Invaluable Network Ensures That Your Property Receives The Attention It Deserves, Whether You’re Buying Or Selling.
Negotiation Mastery: When It Comes To Luxury Real Estate, The Art Of Negotiation Is Paramount. Alan’s Proven Track Record Of Securing The Best Deals For His Clients Speaks Volumes. His Strategic Approach, Combined With A Deep Understanding Of Market Dynamics, Ensures That You’re Not Just Getting A Property, But A Masterpiece At The Right Price.
Market Insight And Analysis: Alan Ripa, P.C. Doesn’t Just Follow Market Trends; He Shapes Them. His In-Depth Market Analysis And Foresight Allow Him To Provide You With Informed Advice On Investment Opportunities, Ensuring That Your Luxury Property Not Only Meets Your Current Desires But Also Stands As A Wise Financial Choice For The Future.
Concierge Service: From Recommending Top-Tier Architects And Interior Designers To Coordinating Seamless Transactions, Alan Ripa, P.C. Offers A Concierge Level Of Service That Transcends Expectations. Your Experience Is Not Just About The Property; It’s About The Lifestyle That Comes With It.
Legacy And Trust: Alan Ripa, P.C. Is More Than A Realtor; He’s A Custodian Of Legacies. Whether You’re Buying A Home To Create Lasting Memories Or Selling To Pass On A Cherished Space, Alan’s Commitment To Preserving And Enhancing The Value Of Your Property Is Unwavering.
Elevate Your Town Of Paradise Valley Experience With Alan Ripa, P.C. Contact Us Today To Embark On A Journey Towards The Epitome Of Luxury Living.
Alan combines his artistic talents with his advanced computer skills, perfecting what he calls Digital Renovation. Helping Sellers & Buyers Visualize their Architectural , Design Ideas, Decorating or Landscape changes to a certain property through Computer Renderings. Contact Alan for more details! Discover Alan’s wide real estate practice areas:
It does not matter how challenging a property maybe to sell or how hard it is to find someone’s Dream Home, Alan’s Determination and Persistence to win for each client is his priority. Getting the job done…Is Job One whether Selling or Buying!
If there was an advantage in time, money or marketing exposure, would it be worth just 60 minutes of your time for you to have a Marketing Consultation with Alan?
Absolutely It Is… Without Question!
Alan’s unique combination of Creative Talents & Computer Skills allows him to be able to provide information to Buyers and Sellers to help them make critical decisions in ways the others can’t or don’t know how to do. Blending Traditional Real Estate Methods with Advanced Digital Media- Hi~Tech Internet Methods Is Complex, But not for Alan as he uses his Emmy Award Winning Creative and Technical Skills on a daily basis helping Sellers Sell their homes quicker and for more return and Buyers find their Dream Homes quicker & at the Best Price.
Moving to the Town Of Paradise Valley in 1968 with his family, Alan witnessed the amazing growth that has taken place around the valley providing him decades of local knowledge. In Addition, with over 35 years of Local Real Estate Experience & Success under his belt, You will have the edge when it comes to Selling Or Buying.