Paradise Valley Market Update – April 2013

The median sales price for homes in Paradise Valley AZ for Jan 13 to Mar 13 was $1,275,000. This represents an increase of 28.8%, or $285,000, compared to the prior quarter and an increase of 54.7% compared to the prior year. Sales prices have depreciated 20.3% over the last 5 years in Paradise Valley. The average listing price for Paradise Valley homes for sale on Trulia was $2,444,194 for the week ending Apr 17, which represents a decline of 2.3%, or $56,711, compared to the prior week and a decline of 3.1%, or $77,530, compared to the week ending Mar 27. Average price per square foot for Paradise Valley AZ was $299, an increase of 18.2% compared to the same period last year. Popular neighborhoods in Paradise Valley include Clearwater Hills, Paradise Valley Estates, Tatum Garden Estates, Mountain Shadow Resort, Vista Rica, and Mockingbird Lane Estates. (Courtesy of Trulia.com)