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Paradise Valley’s housing market didn’t do as well as the area’s 2008 median price might indicate. The Valley Home Values’ analysis of home prices tracked by ZIP codes showed the median home price only fell about 1 percent in 85253, which spans all the upscale neighborhoods of Paradise Valley. That small price decline looks pretty good compared with those in many parts of metropolitan Phoenix, where prices plummeted more than 20 percent last year.  more…

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