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Paradise Valley

Why you'd want to live in Paradise Valley

No doubt about it – the Paradise Valley real estate market defines “high end.” Median home prices in this little slice of urban heaven are $1.74 million, with many exceeding $5 million and some over $20 million. Although Paradise Valley is small in terms of its land and population, the dozen or so exclusive resorts that call it home and its wealth of stunning mansions, sprawling estates and magnificent topography have made it perhaps the state’s most exclusive address.Nestled in the shadows of Camelback Mountain, Mummy Mountain and the Phoenix Mountain Preserve, Paradise Valley’s sprawling properties enjoy an almost rural ambiance, no matter if they’re countrified ranches sleek contemporary estates. In fact, one feature most folks notice right away is the town’s oversized lots, which give homes – and homeowners – a lot of breathing room. That’s important in a bustling metropolis like Phoenix, and it’s something that Paradise Valley citizens realized long ago.Paradise Valley still today is primarily zoned for single-family residential use, allowing just one home per lot. No multiple housing units are permitted, and since most of the town is zoned R-43, the size of each lot must be at least one acre. There are some smaller residential lots also zoned R-43, but they were less than one acre when they came into the town and are considered “grandfathered.”

Paradise Valley Market Report

$2,802,466

AVERAGE PRICE OF 390 HOMES

$3,700,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,148,001

AVERAGE PRICE OF 335 MULTI-MILLION DOLLAR HOMES

$3,166,671

AVERAGE PRICE OF 62 NEWLY BUILT HOMES

$3,086,055

AVERAGE PRICE OF 324 HOMES WITH A POOL

$2,558,596

AVERAGE PRICE OF 152 REDUCED PRICE HOMES

Average Home

Average Price $2,802,466
Avg Bedrooms 4 beds
Avg Bathrooms 5.17 baths

Average Price by Bedrooms

1 bedroom $557,000
2 bedrooms $801,000
3 bedrooms $1,412,302
4 bedrooms $2,184,633
5 bedrooms $3,220,896
Paradise Valley Home Price Trends
  10/2017 9/2017 8/2017 7/2017 6/2017
Total Listings 377 356 338 346 393
Average Price $2,706,124 $2,723,513 $2,743,806 $2,755,373 $2,750,563
Avg Price Change -0.64% -0.75% -0.42% +0.17% +1.89%
Median Price $2,174,819 $2,139,625 $2,134,897 $2,136,532 $2,175,500
Med Price Change +1.64% +0.22% -0.08% -1.82% +0.43%
Avg Bedrooms 4 beds 4 beds 4 beds 4 beds 4 beds
Avg Bathrooms 5.1 baths 5.12 baths 5.15 baths 5.17 baths 5.16 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Arcadia High School 13 $1,877,600 n/a
Camelback High School 34 $2,971,041 n/a
Chaparral High School 121 $2,801,137 n/a
Saguaro Elementary School 51 $3,538,206 n/a
Saguaro High School 165 $2,627,930 n/a
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 390 $2,802,466 n/a
Distressed Homes 1 $3,700,000 n/a
Multi-Million Dollar Homes 335 $3,148,001 n/a
Newly Built Homes 62 $3,166,671 n/a
Homes with a Pool 324 $3,086,055 n/a
Reduced Price Homes 152 $2,558,596 n/a

School Data

Highly Rated Paradise Valley Schools

10

CHEROKEE ELEMENTARY SCHOOL
Elementary School
Public

9

COCHISE ELEMENTARY SCHOOL
Elementary School
Public

9

HOPI ELEMENTARY SCHOOL
Elementary School
Public

9

SEQUOYA ELEMENTARY SCHOOL
Elementary School
Public

10

ALHAMBRA TRADITIONAL SCHOOL
Middle School
Public

10

KIVA ELEMENTARY SCHOOL
Middle School
Public