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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

$3,112,824

AVERAGE PRICE OF 374 HOMES

$1,375,000

AVERAGE PRICE OF 2 DISTRESSED HOMES

$3,459,778

AVERAGE PRICE OF 329 MULTI-MILLION DOLLAR HOMES

$3,717,481

AVERAGE PRICE OF 76 NEWLY BUILT HOMES

$3,481,257

AVERAGE PRICE OF 303 HOMES WITH A POOL

$2,811,909

AVERAGE PRICE OF 141 REDUCED PRICE HOMES

Average Home

Average Price $3,112,824
Avg Bedrooms 4.41 beds
Avg Bathrooms 5.15 baths

Average Price by Bedrooms

1 bedroom $378,700
2 bedrooms $737,619
3 bedrooms $1,799,691
4 bedrooms $2,439,622
5 bedrooms $3,418,440
Paradise Valley Home Price Trends
  11/2018 10/2018 9/2018 8/2018 7/2018
Total Listings 368 331 302 299 312
Average Price $3,047,498 $2,998,575 $2,969,341 $2,927,633 $2,854,042
Avg Price Change +1.63% +0.98% +1.42% +2.58% +1.62%
Median Price $2,378,485 $2,291,086 $2,312,529 $2,273,823 $2,180,936
Med Price Change +3.81% -0.94% +1.70% +4.26% -0.80%
Avg Bedrooms 4.41 beds 4.42 beds 4.43 beds 4.43 beds 4.44 beds
Avg Bathrooms 5.13 baths 5.65 baths 5.98 baths 5.1 baths 5.08 baths
Home Price by High School
School Name Total Homes Average Price
Arcadia High School 9 $2,101,555
Camelback High School 27 $2,592,741
Chaparral High School 130 $2,977,620
Saguaro Elementary School 38 $4,053,224
Saguaro High School 162 $3,148,209
Home Price by House Size
Total Homes Average Price
All Homes 374 $3,112,824
Distressed Homes 2 $1,375,000
Multi-Million Dollar Homes 329 $3,459,778
Newly Built Homes 76 $3,717,481
Homes with a Pool 303 $3,481,257
Reduced Price Homes 141 $2,811,909

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

10

KIVA ELEMENTARY SCHOOL
Middle School
Public

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