real estate

Paradise Valley home market defies broader slowdown

Luxury properties continue to draw buyers as unique estates and limited inventory drive demand

A home at 5060 E. Desert Sky Lane in Paradise Valley is pending and scheduled to close Aug. 31.

(Photo submitted by Jennifer Michaels)

Listed at $6 million, the nearly three-acre Hacienda-style estate features panoramic mountain views.

(Photo submitted by Jennifer Michaels)

Paradise Valley is standing out in the Valley’s luxury housing market, with home prices continuing to climb while much of the Phoenix metropolitan area has leveled off.

Paradise Valley recorded a 13% year-over-year increase in average home prices, making it the only community in the state to post significant price growth, according to the Arizona Regional Multiple Listing Service.

The ARMLS is the database used by licensed real estate professionals to list and track homes for sale across Arizona.

You must be a member to read this story.

Join our family of readers starting at $5 for your first month and support local, unbiased journalism.

Already have an account? Log in to continue.

Otherwise, follow the link below to join.

Paradise Valley home market defies broader slowdown

Luxury properties continue to draw buyers as unique estates and limited inventory drive demand

Paradise Valley accepts donations for Sojourner Center

Scottsdale Symphonic Orchestra kicks off fourth season with six-concert lineup

Navy jazz ensemble brings free concerts to Phoenix

Bridging the gap between breast cancer awareness and action

Paradise Valley council discusses e-bike safety, regulations

Over 70 police dogs to show their competition chops at WestWorld of Scottsdale

Earn the Bird 5K and Freedom Market set in Scottsdale

Let Paradise Valley voters decide

Paradise Valley home market defies broader slowdown

Luxury properties continue to draw buyers as unique estates and limited inventory drive demand

Please log in to continue

Need an account?

Non-subscribers

Register to comment