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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

$2,894,518

AVERAGE PRICE OF 432 HOMES

$1,400,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,224,902

AVERAGE PRICE OF 376 MULTI-MILLION DOLLAR HOMES

$3,502,319

AVERAGE PRICE OF 70 NEWLY BUILT HOMES

$3,161,298

AVERAGE PRICE OF 362 HOMES WITH A POOL

$2,574,095

AVERAGE PRICE OF 192 REDUCED PRICE HOMES

Average Home

Average Price $2,894,518
Avg Bedrooms 4 beds
Avg Bathrooms 5.15 baths

Average Price by Bedrooms

1 bedroom $561,250
2 bedrooms $824,465
3 bedrooms $1,637,515
4 bedrooms $2,209,970
5 bedrooms $3,381,474
Paradise Valley Home Price Trends
  3/2018 2/2018 1/2018 12/2017 11/2017
Total Listings 422 412 394 375 392
Average Price $2,896,677 $2,895,701 $2,885,023 $2,821,038 $2,781,736
Avg Price Change +0.03% +0.37% +2.27% +1.41% +2.79%
Median Price $2,230,381 $2,253,214 $2,239,581 $2,229,908 $2,244,350
Med Price Change -1.02% +0.61% +0.43% -0.65% +3.20%
Avg Bedrooms 4 beds 4 beds 4 beds 4 beds 4 beds
Avg Bathrooms 5.13 baths 5.13 baths 5.1 baths 5.13 baths 5.18 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Market
Arcadia High School 13 $1,746,069 86 days
Camelback High School 36 $2,569,661 236 days
Chaparral High School 150 $2,570,768 141 days
Saguaro Elementary School 50 $3,653,956 169 days
Saguaro High School 178 $3,132,685 153 days
Home Price by House Size
Total Homes Average Price Avg Days on Market
All Homes 432 $2,894,518 155 days
Distressed Homes 1 $1,400,000 32 days
Multi-Million Dollar Homes 376 $3,224,902 163 days
Newly Built Homes 70 $3,502,319 160 days
Homes with a Pool 362 $3,161,298 162 days
Reduced Price Homes 192 $2,574,095 216 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