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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

$2,898,486

AVERAGE PRICE OF 308 HOMES

$3,194,789

AVERAGE PRICE OF 272 MULTI-MILLION DOLLAR HOMES

$3,719,815

AVERAGE PRICE OF 73 NEWLY BUILT HOMES

$3,168,234

AVERAGE PRICE OF 254 HOMES WITH A POOL

$2,512,667

AVERAGE PRICE OF 118 REDUCED PRICE HOMES

$1,749,950

AVERAGE PRICE OF 2 DISTRESSED HOMES

Average Home

Average Price $2,898,486
Avg Bedrooms 4.42 beds
Avg Bathrooms 5.08 baths

Average Price by Bedrooms

1 bedroom $427,475
2 bedrooms $913,543
3 bedrooms $1,754,457
4 bedrooms $2,175,689
5 bedrooms $3,312,213
Paradise Valley Home Price Trends
  7/2018 6/2018 5/2018 4/2018 3/2018
Total Listings 312 355 391 434 422
Average Price $2,854,042 $2,808,670 $2,883,742 $2,863,377 $2,896,677
Avg Price Change +1.62% -2.67% +0.71% -1.16% +0.03%
Median Price $2,180,936 $2,198,402 $2,292,539 $2,199,900 $2,230,381
Med Price Change -0.80% -4.28% +4.21% -1.39% -1.02%
Avg Bedrooms 4.44 beds 4.47 beds 4.48 beds 4 beds 4 beds
Avg Bathrooms 5.08 baths 5.1 baths 5.18 baths 5.15 baths 5.13 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arcadia High School 13 $1,941,608 119 days
Camelback High School 24 $2,898,438 145 days
Chaparral High School 102 $2,650,880 175 days
Saguaro Elementary School 28 $3,648,160 205 days
Saguaro High School 135 $3,025,771 147 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 308 $2,898,486 160 days
Multi-Million Dollar Homes 272 $3,194,789 168 days
Newly Built Homes 73 $3,719,815 142 days
Homes with a Pool 254 $3,168,234 166 days
Reduced Price Homes 118 $2,512,667 238 days
Distressed Homes 2 $1,749,950 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

KIVA ELEMENTARY SCHOOL
Middle School
Public