Paradise Valley is known as one of the priciest places to buy a home in Arizona — but did you know that the city has one of the most expensive ZIP codes in the country?

Sales activity continued to dampen in Maricopa County last month, according to the latest report from Phoenix REALTORS®.

A record number of homesellers are dropping their prices as buyers continue to feel the impact high mortgage rates are having on their wallets.

Agents from Silverleaf Realty were hard at work listing the priciest homes in Arizona during the past month.

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

While the city of Phoenix hasn’t fully bounced back from the Covid-19 pandemic, it’s among the top cities well on their way to recovery.

Arizona’s population grew by 1.3% between 2021 and 2022 — that’s the eighth-fastest rate of growth in the country.

The median existing-home price for all housing types in September was $394,300, up 2.8% from $383,500 in September 2022.   

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

Brutalist style and sensory gardens may seem at odds — but they are both hot home design trends that will rule 2024. At least, according to new predictions from Zillow.

Both pending and closed sales rose in Maricopa County during September, according to the latest market update from Phoenix REALTORS®.

A 15% rise in applications for adjustable-rate mortgages drove overall mortgage applications higher in the most recent weekly survey. 

New home listings are still on the rise, despite mortgage rates hitting the highest level in more than 20 years. And those high mortgage rates are pushing monthly housing payments higher than they’ve ever been.

Gilbert ranked as the fourth-safest city in America, ranking No. 10 for home and community safety and No. 14 for natural disaster risk.

Paradise Valley and Scottsdale top the list of the most expensive new listings in Arizona yet again.

Housing affordability has worsened in many parts of the country as wages fail to grow at the same pace as home prices — but Maricopa County is one area where wage increases are outpacing price increases.