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Not sure why would leave out the two most expensive areas in the Phoenix area, Arcadia Proper and Paradise Valley. The best neighborhoods in the Phoenix area. They are the most sought after areas in Phoenix Metro...and, as a result, the most expensive areas in the Phoenix area. There are many metrics to determine most expensive homes, but they stand alone when it comes to cost per foot and cost per lot size. These are the two most desirable areas in Phoenix and surroundings. I do realize most expensive does not equate to "best", but to not have either one of these areas on a list that suggest the best areas to live here, is just incorrect.