While the median home listing price in Metro Phoenix just hit new record of $465,000, let’s take a closer look at which neighborhoods are driving the trend of increasing home values in the Valley.
1. Paradise Valley
This affluent suburb rakes in the highest-priced homes in Metro Phoenix with a median sale price of $2.15 million, a 35 percent increase from one year ago
2. Scottsdale’s 85262 ZIP code
Home to some of the city’s best golf communities, such as Desert Mountain and Troon, North Scottsdale’s coveted 85262 ZIP code has a median home price of $1.175 million, up 34 percent from last year.
3. Scottsdale’s 85255 ZIP code
Coming in third is Scottsdale’s 85255 ZIP code with a median home sale price of $918,500, an increase of 31 percent from a year ago. You can find upscale golf communities like DC Ranch, Silverleaf and Desert Highlands in this desirable area.
