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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

$3,077,729

AVERAGE PRICE OF 421 HOMES

$800,000

AVERAGE PRICE OF 1 DISTRESSED HOMES

$3,366,025

AVERAGE PRICE OF 376 MULTI-MILLION DOLLAR HOMES

$3,983,868

AVERAGE PRICE OF 72 NEWLY BUILT HOMES

$3,427,017

AVERAGE PRICE OF 343 HOMES WITH A POOL

$2,365,428

AVERAGE PRICE OF 36 REDUCED PRICE HOMES

Average Home

Average Price $3,077,729
Avg Bedrooms 4.39 beds
Avg Bathrooms 5.08 baths

Average Price by Bedrooms

1 bedroom $438,000
2 bedrooms $983,904
3 bedrooms $1,822,906
4 bedrooms $2,490,792
5 bedrooms $3,354,857
Paradise Valley Home Price Trends
  2/2019 1/2019 12/2018 11/2018 10/2018
Total Listings 432 390 369 368 331
Average Price $3,086,848 $3,191,811 $3,123,337 $3,047,498 $2,998,575
Avg Price Change -3.40% +2.19% +2.49% +1.63% +0.98%
Median Price $2,409,192 $2,447,833 $2,419,828 $2,378,485 $2,291,086
Med Price Change -1.60% +1.16% +1.74% +3.81% -0.94%
Avg Bedrooms 4.47 beds 4.5 beds 4.42 beds 4.41 beds 4.42 beds
Avg Bathrooms 5.14 baths 5.19 baths 5.16 baths 5.13 baths 5.65 baths
Home Price by High School
School Name Total Homes Average Price Avg Days on Site
Arcadia High School 11 $2,257,364 165 days
Camelback High School 27 $3,227,778 173 days
Chaparral High School 137 $2,669,278 144 days
Saguaro Elementary School 44 $4,692,566 146 days
Saguaro High School 188 $3,068,276 127 days
Home Price by House Size
Total Homes Average Price Avg Days on Site
All Homes 421 $3,077,729 138 days
Distressed Homes 1 $800,000 51 days
Multi-Million Dollar Homes 376 $3,366,025 145 days
Newly Built Homes 72 $3,983,868 164 days
Homes with a Pool 343 $3,427,017 142 days
Reduced Price Homes 36 $2,365,428 118 days

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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

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