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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

$2,903,313

AVERAGE PRICE OF 416 HOMES

$5,495,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,227,808

AVERAGE PRICE OF 363 MULTI-MILLION DOLLAR HOMES

$3,532,457

AVERAGE PRICE OF 63 NEWLY BUILT HOMES

$3,214,964

AVERAGE PRICE OF 338 HOMES WITH A POOL

$2,648,669

AVERAGE PRICE OF 179 REDUCED PRICE HOMES

Average Home

Average Price $2,903,313
Avg Bedrooms 4 beds
Avg Bathrooms 5.14 baths

Average Price by Bedrooms

1 bedroom $471,000
2 bedrooms $765,555
3 bedrooms $1,619,790
4 bedrooms $2,207,625
5 bedrooms $3,449,590
Paradise Valley Home Price Trends
  1/2018 12/2017 11/2017 10/2017 9/2017
Total Listings 394 375 392 377 356
Average Price $2,885,023 $2,821,038 $2,781,736 $2,706,124 $2,723,513
Avg Price Change +2.27% +1.41% +2.79% -0.64% -0.75%
Median Price $2,239,581 $2,229,908 $2,244,350 $2,174,819 $2,139,625
Med Price Change +0.43% -0.65% +3.20% +1.64% +0.22%
Avg Bedrooms 4 beds 4 beds 4 beds 4 beds 4 beds
Avg Bathrooms 5.1 baths 5.13 baths 5.18 baths 5.1 baths 5.12 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Arcadia High School 12 $1,977,200 117 days
Camelback High School 34 $2,691,568 242 days
Chaparral High School 141 $2,733,809 138 days
Saguaro Elementary School 46 $3,496,130 211 days
Saguaro High School 175 $3,029,739 151 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 416 $2,903,313 158 days
Distressed Homes 1 $5,495,000 50 days
Multi-Million Dollar Homes 363 $3,227,808 165 days
Newly Built Homes 63 $3,532,457 163 days
Homes with a Pool 338 $3,214,964 161 days
Reduced Price Homes 179 $2,648,669 235 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