One of the great things about living in Paradise Valley has got to be the scenery. This small, well-appointed town was built on a total area of 15.5 square miles with a great view of the mountains along with the desert scenery. The population of 14,558 people is an official estimate, but the numbers of tourists who visit the town regularly may actually dwarf that number.
Paradise Valley is a resort town in some respects because it is one of the most popular vacation destinations in the state. There are 12 premier resorts located here in Maricopa County along with golf courses, hotels and spas. Many affluent vacationers visit this spot every year. Some have purchased condominiums as vacation property.
Paradise Valley is home to some of the most expensive residential properties in the state. The median home value here is $1,468,100. The median list price per square feet is $391 while the average price in the Phoenix area is hundred and $22 per square foot.
The majority of Paradise Valley houses is over 3600 square feet (61.5 percent) while 27.5 percent of the homes and condominiums are 2400 to 3600 square feet. The period between 1960 and 1979 show the largest percentage of homes built in the area (44.9 percent). The second most productive decade of home building in the town was 1980 to 1999 (30.4 percent). Approximately 16.3 percent of single-family home and condominium construction occurred between the years 2000 to the present day.
Single-family homes make up 87.4 percent of residential property while condominiums occupy 4.7 percent of the total. The average year of a home built in Paradise Valley is 1977 with the median home size being 4228 square feet. Approximately 33.7 residents consider themselves renters while 66.3 percent consider themselves homeowners.
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