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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

$2,793,105

AVERAGE PRICE OF 346 HOMES

$3,094,698

AVERAGE PRICE OF 302 MULTI-MILLION DOLLAR HOMES

$3,313,001

AVERAGE PRICE OF 70 NEWLY BUILT HOMES

$3,063,871

AVERAGE PRICE OF 282 HOMES WITH A POOL

$2,392,716

AVERAGE PRICE OF 161 REDUCED PRICE HOMES

Average Home

Average Price $2,793,105
Avg Bedrooms 4.43 beds
Avg Bathrooms 5.07 baths

Average Price by Bedrooms

1 bedroom $527,980
2 bedrooms $960,050
3 bedrooms $1,656,943
4 bedrooms $2,168,845
5 bedrooms $3,074,413
Paradise Valley Home Price Trends
  5/2018 4/2018 3/2018 2/2018 1/2018
Total Listings 391 434 422 412 394
Average Price $2,883,742 $2,863,377 $2,896,677 $2,895,701 $2,885,023
Avg Price Change +0.71% -1.16% +0.03% +0.37% +2.27%
Median Price $2,292,539 $2,199,900 $2,230,381 $2,253,214 $2,239,581
Med Price Change +4.21% -1.39% -1.02% +0.61% +0.43%
Avg Bedrooms 4.48 beds 4 beds 4 beds 4 beds 4 beds
Avg Bathrooms 5.18 baths 5.15 baths 5.13 baths 5.13 baths 5.1 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Arcadia High School 13 $1,803,377 136 days
Camelback High School 26 $2,890,712 209 days
Chaparral High School 111 $2,483,607 164 days
Saguaro Elementary School 30 $3,354,027 175 days
Saguaro High School 161 $2,973,898 150 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 346 $2,793,105 160 days
Multi-Million Dollar Homes 302 $3,094,698 167 days
Newly Built Homes 70 $3,313,001 149 days
Homes with a Pool 282 $3,063,871 166 days
Reduced Price Homes 161 $2,392,716 218 days

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

KIVA ELEMENTARY SCHOOL
Middle School
Public