By David Meek | Arizona Report
Single-family homes in Paradise Valley are back above the $400 per square foot threshold. The annual average sales price per square foot metric reflects sold prices, not listing prices, which run higher.
Sold prices reached $408.06/sf this month.
That’s an 8.3% rate of appreciation over the same figure last year. The next Phoenix submarket down the list is Scottsdale at $265.67/square foot.
Average list price at the time of contract in Paradise Valley is currently $432.30. This means that single-family homes in the town are selling for 94.3% of the final list price.
