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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

$3,018,249

AVERAGE PRICE OF 327 HOMES

$1,693,750

AVERAGE PRICE OF 4 DISTRESSED HOMES

$3,292,669

AVERAGE PRICE OF 293 MULTI-MILLION DOLLAR HOMES

$3,647,453

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$3,320,193

AVERAGE PRICE OF 269 HOMES WITH A POOL

$2,719,343

AVERAGE PRICE OF 116 REDUCED PRICE HOMES

Average Home

Average Price $3,018,249
Avg Bedrooms 4.43 beds
Avg Bathrooms 5.14 baths

Average Price by Bedrooms

1 bedroom $405,500
2 bedrooms $863,150
3 bedrooms $1,898,992
4 bedrooms $2,255,024
5 bedrooms $3,289,542
Paradise Valley Home Price Trends
  9/2018 8/2018 7/2018 6/2018 5/2018
Total Listings 302 299 312 355 391
Average Price $2,969,341 $2,927,633 $2,854,042 $2,808,670 $2,883,742
Avg Price Change +1.42% +2.58% +1.62% -2.67% +0.71%
Median Price $2,312,529 $2,273,823 $2,180,936 $2,198,402 $2,292,539
Med Price Change +1.70% +4.26% -0.80% -4.28% +4.21%
Avg Bedrooms 4.43 beds 4.43 beds 4.44 beds 4.47 beds 4.48 beds
Avg Bathrooms 5.98 baths 5.1 baths 5.08 baths 5.1 baths 5.18 baths
Home Price by High School
School Name Total Homes Average Price
Arcadia High School 13 $1,921,146
Camelback High School 30 $2,581,010
Chaparral High School 108 $3,012,758
Saguaro Elementary School 34 $3,733,468
Saguaro High School 135 $3,051,233
Home Price by House Size
Total Homes Average Price
All Homes 327 $3,018,249
Distressed Homes 4 $1,693,750
Multi-Million Dollar Homes 293 $3,292,669
Newly Built Homes 72 $3,647,453
Homes with a Pool 269 $3,320,193
Reduced Price Homes 116 $2,719,343

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