Market Trends: Paradise Valley Real Estate AZ
Summary for Paradise Valley
The median sales price for homes in Paradise Valley AZ for May 15 to Aug 15 was $1,000,000. This represents a decline of 9.1%, or $100,000, compared to the prior quarter and a decrease of 10.1% compared to the prior year.
Sales prices have appreciated 8.7% over the last 5 years in Paradise Valley. The average listing price for Paradise Valley homes for sale was approximately $2,012,561 for the week ending Aug 05, which represents a decline of 2.7%, or $55,839, compared to the prior week and a decline of 1.3%, or $26,308, compared to the week ending Jul 15.
Average price per square foot for Paradise Valley AZ was $300, an increase of 2.4% compared to the same period last year.
Popular neighborhoods in Paradise Valley include Clearwater Hills, Camelback Lands, Mummy Mountain Estates, Mockingbird Lane Estates, Jacoby Estates, and Paradise Home Estates.
Paradise Valley Real Estate USA | Paradise Valley Homes AZ
There are actually two Paradise Valleys. The first is the more secluded Town of Paradise Valley, comprised mainly of high-dollar homes nestled against the sides of Sonoran Desert hills or hidden behind oleander-covered estate walls.
Commerce here is limited almost entirely to a handful of award-winning destination resorts. The town’s country club atmosphere creates a sense that this is paradise found.
The second is Greater Paradise Valley, a larger, more diverse community that encompasses newcomers and longtimers, the young and the old, and businesses large and small. At its core is Paradise Valley Mall, the regional shopping center and surrounding all this are the homes that make up Paradise Valley real estate.
For more information, take a look at the current Paradise Valley real estate for sale.
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