Paradise Valley Prices Surge 27%

In the last couple of months we’ve seen plenty of examples where prices have leveled off, or even decreased a bit, at the higher ends of the price range. “NOT SO FAST!” exclaims Paradise Valley, where the Median Sales Price rose to $1,840,000 in the 2nd Quarter this year, up 27% from the $1,442,500 median sales price in Q2 2018.

Oddly enough the median sales price had been down slightly over the prior 2 years, so the longer-term appreciation rate of 25% since Q2 2016, while still robust, is not quite as mercurial.

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- Chris Butterworth

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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.