City Stats: Land For Sale In Paradise Valley, Arizona!
Ah, Paradise Valley. The name begets its allure, and in regard to land prices in Paradise Valley, two tickets to paradise might cost a little more than you might think (try that on, Eddie Money!) We will visit that information in just a moment….but first, and foremost, we are going to let Paradise Valley do a little bragging.
In spite of its relatively small stature when stacked side by side with other Arizona Municipalities, PV actually is home to 12 resorts which no doubt has had some effect on its inflated real estate values. Even Scottsdale, Arizona can’t shake a fist at that, hard as it might try.That’s okay Scottsdale, at least you still have…golf…places.
All jokes aside, however, when it comes down to it in the end, it’s all about the people! Perhaps that’s why land for sale in Paradise Valley has been home to people like: Muhammed Ali, Mark Grace, Steve Nash, Stevie Nicks, Bret Michaels, Dan Quayle, Craig Jackson (as in Barrett-Jackson); even Sandra Day O’Connor and William Rehnquist!
Indeed, PV’s motto, coined by its residents is “there is a reason we call this valley, paradise!” With the median home price being 1.74 million, one would certainly hope so!
Impressive as that figure is, however, what’s more impressive is the idea that most of the value rests in the land itself! In 2006, Paradise Valley, Arizona land values reached $1,158,811! But….that was then….
The damage that was done when the bottom fell out later in the decade can’t be stressed enough, and when looking at figures likes these, the reality of just how damaging an event it was really hits home. It took Paradise Valley, Arizona land prices until 2012 to reach $581, 786…..HALF of its former glory. But PV never called it in, and staying true to the Arizona spirit, already in 2013, the Paradise Valley, Arizona average land price per acre has already grown to $811,365! Up 230 thousand dollars in just a single year! (c.ARMLS)
Carry on Paradise Valley, after all, there is a reason you call that valley, Paradise!
For more information, or to see Paradise Valley, Arizona Land For Sale, visit us now at AllAcres.com! Also, check out our other blogs here, and be sure to download the free first chapter of our handy handbook!