Paradise Valley Homes and Lifestyle

LUXURY LIVING IN PARADISE VALLEY

Paradise does exist on earth and it is located in Arizona. With twelve resorts, the Town of Paradise Valley attracts visitors who want to enjoy the warm temperatures in winter, mountain views and desert landscape in the fall and the colorful wildflowers in the spring. Even the warm summer temperatures cannot dim the beautiful views from the Phoenix Mountain Preserve.

Paradise Valley real estate is some of the most luxurious and exclusive real estate in the state of Arizona. Many multi-million dollar estates are tucked into the hills and mountains that make up the terrain of Paradise Valley. This elegant town of over 13,000 is bordered by Phoenix and Scottsdale. The draw of this area is larger lot sizes and its central location.

About Paradise Valley

Incorporated in 1961, Paradise Valley is more than just a tourist town, it is an exclusive enclave. Commercial development is limited to resort hotels and single-family homes must be on at least a one acre lot. The Paradise Valley Unified School District has 31 elementary schools, eight middle schools and five high schools that are recognized yearly for their academic excellence. The school system has produced the largest number of college graduates anywhere in the Phoenix metropolitan area.

Residents have all they need close to home. Located in the shadow of Squaw Peak, North Mountain and Camelback Mountain, Paradise Valley has seemingly endless miles of biking and hiking trails. The Mummy Mountain Preserve Trust is heaven on earth—320 acres complete with breathtaking views and the stunning natural beauty of cacti and desert vegetation. Eight professional golf courses are available among the 16 parks. Even in the desert, water activities can be found. Three lakes—Lake Pleasant, Horseshoe Lake and Bartlett Lake are all a short drive away and provide boating, waterskiing and fishing. With the warm climate, outdoor activities can be enjoyed throughout the year.

Phoenix, just a short drive away, is home to the championship Phoenix Cardinals and NBA’s Phoenix Suns. Visit one of the Valley’s many museums that pay homage to the area’s Indian and Old West heritage. Ballets, symphonies and world-class theatrical productions are put on throughout the year. If you want to just relax, Paradise Valley is home to one of the world’s top-rated spas. The Sanctuary Camelback Mountain Resort and Spa has been ranked the “#1 Resort in the U.S.” by the Condé Nast Reader’s Choice Awards.

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Paradise Valley Home Sales Data

Paradise Valley Arizona Homes For Sale – Market Update for October 2024

Homes for Sale	175
Average List Price	$7,584,293*
Average Asking Price Per Square Foot	$1,066.05*

UCB	14
Average List Price	$4,361,428
Average Asking Price Per Square Foot	$793.11

Pending	19
Average List Price	$6,122,784
Average Asking Price Per Square Foot	$793.11

Sold	18
Average Sale Price	$3,891,111
Average Sold Price Per Square Foot	$856.25
Sales Price to List Price Ratio	96.9%
Months Inventory	9.7

* There is a $50M listing that is bringing these numbers up quite a bit.

Paradise Valley Luxury Home Market Report

Click on the image for the most recent report.

Historical Paradise Valley Home Sales Activity

2024 Home Sales

Q3 2024 – There were 46 home sales and the average sales price was $5,722,426.
Q2 2024 – There were 94 home sales and the average sales price was $4,825,552.
Q1 2024 – There were 67 home sales and the average sales price was $4,410,103.

– Total Paradise Valley home sales in 2023 were 316 and the average sales price was $4,446,854.

Q1 2023 – There were 74 home sales and the average sales price was $4,307,139.
Q2 2023 – There were 116 home sales and the average sales price was $4,793,581.
Q3 2023 – There were 88 home sales and the average sales price was $3,650,988.
Q4 2023 – There were 56 home sales and the average sales price was $3,940,595.

– Total Paradise Valley home sales in 2022 were 350 and the average sales price was $3,994,618.

Q4 2022 Homes Sales in Paradise Valley- There were 56 home sales and the average price was $3,450,014.
Q3 2022 Homes Sales in Paradise Valley – There were 55 home sales and the average price was $3,707,080.
Q2 2022 Homes Sales in Paradise Valley – There were 97 home sales and the average price was $4,442,681.
Q1 2022 Home Sales in Paradise Valley – There were 143 home sales and the average price was $4,006,889.

– Total Paradise Valley home sales in 2021 were 577 and the average sales price was $3,261,988.

Q4 2021 Home Sales in Paradise Valley – There were 123 home sales and the average sale price was $3,633,272.
Q3 2021 Home Sales in Paradise Valley – There were 96 home sales and the average sale price was $3,156,970.
Q2 2021 Home Sales in Paradise Valley – There were 251 home sales and the average sale price was $2,782,184.
Q1 2021 Home Sales in Paradise Valley – There were 165 home sales and the average sale price was $2,920,252.

– Total Paradise Valley home sales in 2020 were 511 and the average sales price was $2,442,320.

Q4 2020 Home Sales in Paradise Valley – There were 156 home sales and the average sale price was $2,786,491.
Q3 2020 Home Sales in Paradise Valley – There were 141 home sales and the average sale price was $2,214,329.
Q2 2020 Home Sales in Paradise Valley – There were 81 home sales and the average sale price was $2,437,534.
Q1 2020 Home Sales in Paradise Valley – There were 133 home sales and the average sales price was $2,580,935.

– Total Paradise Valley home sales in 2019 were 428 and the average sales price was $2,299,865.

Q4 2019 Home Sales in Paradise Valley – There were 94 home sales and the average sales price was $2,327,412.
Q3 2019 Home Sales in Paradise Valley – There were 101 home sales and the average sales price was $2,189,089.
Q2 2019 Home Sales in Paradise Valley – There were 164 home sales and the average sales price was $1,925,261.
Q1 2019 Home Sales in Paradise Valley – There were 109 home sales and the average sales price was $2,341,891.

– Total Paradise Valley home sales in 2018 were 413 and the average sales price was $2,005,454.

Q4 2018 Home Sales in Paradise Valley – There were 90 home sales and the average sales price was $1,890,391.
Q3 2018 Home Sales in Paradise Valley – There were 89 home sales and the average sales price was $1,865,662.
Q2 2018 Home Sales in Paradise Valley – There were 125 home sales and the average sales price was $2,113,188.
Q1 2018 Home Sales in Paradise Valley – There were 109 home sales and the average sales price was $2,090,905.

– Total Paradise Valley home sales in 2017 were 407 and the average sales price was $1,820,556.

Q4 2017 Home Sales in Paradise Valley – There were 97 home sales and the average sales price was $1,965,924.
Q3 2017 Home Sales in Paradise Valley – There were 86 home sales and the average sales price was $1,731,562.
Q2 2017 Home Sales in Paradise Valley – There were 142 home sales and the average sales price was $1,769,005.
Q1 2017 Home Sales in Paradise Valley – There were 80 home sales and the average sales price was $1,663,520.

– Total Paradise Valley home sales in 2016 were 341 and the average sales price was $1,706,195.

– Total Paradise Valley home sales in 2015 were 358 and the average sales price was $1,706,195.

– Total Paradise Valley home sales in 2014 were 353 and the average sales price was $1,607,462.

– Total Paradise Valley home sales in 2013 were 375 and the average sales price was $1,613,948.

– Total Paradise Valley home sales in 2012 were 390 and the average sales price was $1,349,353.

– Total Paradise Valley home sales in 2011 were 395 and the average sales price was $1,318,157.

* Data for single-family resale homes. Data pulled from the Arizona Regional Multiple Listing System (ARMLS). Numbers subject to change. ** Months inventory based on number of homes for sale divided by number of monthly sales. Information deemed reliable, but not guaranteed.