If you want to live in a prestigious area then PV may be the right choice for you. The values in PV have held up relatively well compared to other parts of the valley so you may not get lowest prices per square foot based on the quality of home but if you find a home you like at a price you are comfortable with then you will probably be happy with PV. The Arcadia area in Phoenix may be attractive to you as well. These areas are closer to downtown and freeways than the far North Scottsdale luxury areas which make them attractive to professionals and 2nd home owners who want convenience over the views, golf courses and slightly cooler temps and clearer air in Carefree, Cave Creek and North Scottsdale (North of Pinnacle Peak Rd).
If you want a home that is at a great price now and will hold up well when the market rebounds then you may find better deals the farther north in Scottsdale you go. There are many more distressed properties (bank owned) in the area between Troon North and Desert Mountain than you will find in PV. These areas offer the beauty and appeal of the Sonoran Desert and less traffic and cooler temps than PV which makes it very attractive to second home owners from the midwest and Canada.
Good luck in your home search,
Let me know if you need help with a mortgage or interior design help.
Pinnacle Wealth, llc