The Town of Paradise Valley’s residential real estate market was a “treasure hunt” in 2023, according to Scott Grigg, founder of The Grigg’s Group.
This year, Paradise Valley experienced a boom in off-market or pocket listing deals because luxury buyers want a specific or niche home that aren’t currently trading on MLS.com, and sellers don’t want to advertise their homes but are willing to sell for the right price, Grigg explained.
These prices are typically higher than the current market values. Joan Levinson calls it aspirational prices. It’s not just one price range, she said. It could be a $5 million house in an area that has $2 million houses, or $13 million in an area that has $3 million houses.
