November 17, 2024 5:43 am
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Luxury housing values skyrocket as consumer desires eclipse 20th Century staples

The picturesque Paradise Valley landscape where land values are nearly three times higher than anywhere else in the Phoenix metropolitan area. Photo Josh Martinez / Independent Newsmedia

By Terrance Thornton | Paradise Valley Independent

Numbers suggest, and experts agree, spring 2019 could be a baseline of boom years to come as the sales of million dollar homes in the Town of Paradise Valley continue to realize significant gains in average sale price, sales volume and price per square foot.

The average price per square foot for a home found within the municipal bounds of the Town of Paradise Valley in calendar year 2014 was $305.37; meanwhile, today, the price per square foot reported in 2018 was $381.77, according to data available at the Multiple Listings Service.

Data provided by The Karas Group of Launch Real Estate illustrates Paradise Valley land is nearly three times more valuable than surrounding tracts throughout Maricopa and Pinal counties.

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.