The town has multiple golf courses and high-end resorts, including Sanctuary Camelback Mountain, which was recently acquired by New York-based Gurney’s Resorts. Nestled between Scottsdale and Phoenix, Paradise Valley is surrounded by mountains. “Now, it’s definitely over $100 million, and a good handful are over half a billion.” “Our mainstream client probably had a net worth of $50 million about three years ago,” said Rich Brock, president and founder of Paradise Valley-based home builder BedBrock Developers. Meanwhile, the town is drawing wealthier people than ever before. That is a dramatic change from 2019, when the town made its first appearance on the list at 93rd. ZIP Codes, Paradise Valley ranked 50th with a median sales price of $2.175 million, up 41% from 2020. On PropertyShark’s 2021 ranking of the most expensive U.S. The median listing price of Paradise Valley homes is now just over $5 million, roughly double what it was just three years ago, he said. Prices in Paradise Valley have skyrocketed, according to Mr. “Pre-pandemic, we always had some out-of-state buyers but the largest proportion of buyers were Arizona people,” said local broker Greg Hague. More: Palm Beach Mansion Flips for $22.5 Million-$4.5 Million More Than It Traded for in June Now, out-of-state buyers are flooding the market looking for primary homes, she said. They are drawn by Arizona’s warm weather and low taxes, as well as Paradise Valley’s privacy, spacious lots and proximity to city life in Phoenix and Scottsdale.īefore the pandemic, the majority of the activity in the Paradise Valley market came from wealthy locals, with some coming from out-of-state buyers mostly looking for second homes, according to Ms. But since Covid, agents said, droves of buyers from New York, California and elsewhere-now able to work remotely-have set their sights on Paradise Valley. The suburb has long been little-known outside Arizona, even as it attracted high-profile residents such as Randy Johnson, Mike Tyson, Stevie Nicks and Muhammad Ali.
Garrity is one of many out-of-state buyers who have relocated to Paradise Valley since the onset of the pandemic, creating unprecedented demand in the affluent town between Phoenix and Scottsdale, according to real-estate agent Joan Levinson. More: North Dakota’s Most Expensive Home for Sale Is a Fargo Megamansion Listed for $2.85 Million Garrity, who has kept her Chicago apartment for when she needs to see clients in the city. “Having a backyard and having space made a huge difference in work and life in general,” said Ms. Garrity’s Paradise Valley property spans just over an acre with a guesthouse, tennis court and putting green.
In contrast to her two-bedroom Chicago rental with no outdoor space, Ms. But when the pandemic hit, she began working remotely and decided to make it her primary residence. In March 2019, she bought a roughly 6,400-square-foot home for $1.85 million in Paradise Valley to stay in a few times a year. Garrity, 57, who has a management consulting business, has been visiting the Phoenix area for decades to see family. Whether you’re looking to move, settle down, retire or just want to admire mega-mansions, here’s where the richest, most exclusive ZIP codes across the nation are located.For Tina Garrity, the decision to relocate from Chicago to Paradise Valley, Ariz., in the early months of the pandemic was an easy one. In short? You can find wealth all over the country, possibly even right next door. Some are clustered together, while others are islands unto themselves, gated or secluded communities you may not have known existed - or even literal islands in some cases. Some are coastal and some are Middle America, home to tech execs and white-collar professionals, each defining success on their terms. Some of these ZIP codes can be found in urban cities, some can be found in suburban sprawl. You’ll find median household incomes in a few ZIP codes on this list reaching over $250,000 a year, or more than four times the national average.
#WEALTHIEST PHOENIX ZIP CODE CODE#
And while many affluent areas you might expect pepper the overall list - two Manhattan ZIP codes make the top five in New York, and the richest ZIP code in California can unsurprisingly be found in the San Francisco Bay Area - other more unexpected outliers, like lightly populated pockets of Maryland, North Dakota and Wyoming also make appearances in their respective top five lists. For those interested in American economics and evaluating the haves and the have-nots, GOBankingRates conducted a study to determine the five richest ZIP codes in every state.
0 kommentar(er)
