Top 5 most expensive cities to live in Arizona

Top 5 most expensive Cities to live in Arizona ranked by average annual sales price by square foot. Data from the Cromford Report, April 2010.

1. Paradise Valley
2. Carefree
3. Scottsdale
4. Fountain Hills
5. Rio Verde

Paradise Valley continues to be the most expensive place to live in the greater Phoenix/Scottsdale real estate market. The average annual price per square foot is $307.33 which represents a -19.6% decrease since last year where the pricing was $382.06. Paradise Valley remains in a class all it’s own as the only city not only to break the $300 mark but also the only city averaging over $200 per sq.ft.

Carefree is a distant 2nd at $199.34, a decrease of -21.3% over 2009 totals of $253.35.

Scottsdale came in 3rd at $186.55, a decrease of -20.2% over 2009 numbers of $233.88.

Fountain Hills is 4th at $173.86 which is a decrease of only -16.4% over 2009 figures of $207.90.

Rounding out the list 5th is Rio Verde which saw a whopping -30.9% drop in pricing from 2009. 2010 shows $137.90 while 2009 average pricing was $199.69.

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