Luxury Living in Phoenix Blog and Market Updates.
Read About The Luxury Real Estate Market and Luxury Living in Phoenix
Luxury Real Estate Market Update December 2020 – Phoenix Metro Area, Arizona
How is the Luxury Home market doing in the Phoenix area? Our luxury real estate market continues to grow and break records. In just 5 years, we have more than doubled the number of homes sold for a million or higher. Homes priced $3 million and above, have had the...
Luxury Real Estate Market Update November 2020 – Phoenix Metro Area, Arizona
How is the Luxury Home market doing in the Phoenix area? Despite the pandemic, our luxury real estate market is seeing exponential growth way beyond expectations. Last month, we had our highest number of sales for luxury real estate, priced $1,000,000 and over, in the...
Ahwatukee Luxury Subdivisions in Phoenix, AZ
Ahwatukee Luxury Subdivisions can be found in all 3 zip codes. Some of the popular and sought after ones are Ahwatukee Custom Estates, Black Rock Canyon, Eagle Ridge, Canyon Reserve, Tapestry Canyon and Whistling Rock.Ahwatukee Custom Estates in located in zip code...
Phoenix Luxury Market Update April 2018
The Phoenix luxury real estate market saw another outstanding month in April 2018, with 26 homes in Phoenix over a million dollars selling successfully. In the past 6 years, the last 2 months have been the best we have seen so far. March was slightly better than April...
Live in the Biltmore Area in Phoenix for $400,000 or less
Live in the Biltmore Area in Phoenix for $400,000 or less Living in the Biltmore area with a lower budget is possible in today's market. The Biltmore area is one of Phoenix's most desirable neighborhoods due to the easy access to fine dining, luxury shopping and spa...
Phoenix Luxury Market Update July 2017
249 luxury homes came up for sale in the month in June 2017 priced $1,000,000 and up. 5 of them have sold, with 12 pending a sale and 14 under contract but accepting back up offers as of July 7, 2017. The most expensive listed in the month of June was a 20,805 sq. ft....
Phoenix Luxury Housing Report for 4-17-2017
Phoenix luxury real estate market is a cool buyers market compared to the national market, which is a much colder buyer's market according to the Altos Market Action Index. This index is for the general market, so keep in mind different local areas and subdivisions...
Homes in Phoenix selling for average price of $151.81 per sq. ft.
The average price of homes in Phoenix increased to $151.81 per square foot in the month of February 2017. This is a significant increase, about 135% increase, from the average sales price of $64.53 per sq. ft in March 2009, which was the lowest average price per sq....
Supply is 15% lower with median sales price at $230,000 for February 2017
We saw an overall decrease in inventory by 13% in the Phoenix real estate market compared to February last year and our median sales price rose to $230,000. Demand for homes for sale priced between $200,000 and $600,000 was stronger making it a sellers market while...
Top 10 expensive cities in Phoenix Area August 2016
Paradise Valley tops the list with $339.01 per sq. ft. as the most expensive city in the Phoenix area. This is a decrease of 4.6% from $355.23 in August 2015. The northern area of the Phoenix metro area seem have the most expensive homes when it comes to the price per...
Phoenix Area Luxury Real Estate Market Update for April 2016
April has always been our strongest month in the year for the luxury real estate market in the Phoenix metro area, when it comes to number of transactions closed and real properties transferred. This past month of April was no different. With a total of 222...
Optima Kierland Luxury Condos in Scottsdale
Units Available for Sale Optima Kierland is luxury living in Scottsdale with an urban vibe. This project is located on the northwest corner of Scottsdale Road and Kierland Blvd. Living in Optima Kierland will mean living within walking distance to not just great...
Market update for March 2016
It is getting more and more difficult to describe the market in simple terms because it has split into three major sectors based on price. Different price ranges have very different market conditions. We will start with the big picture numbers and then break them...
2015 was a good year for Phoenix Metro Area Real Estate
The Phoenix metro area saw lots of positives in the real estate market. The overall dollar volume was higher than 2014 as well units sold. Foreclosure Notices issued as well as trustee sales continue to decline in our market. In 2014, 10,799 foreclosure...
Phoenix Real Estate Market forecast for 2016 better than 2015
The forecast for 2016 when it comes to the luxury real estate market for the Phoenix Metro area looks much better than it did for 2015 when it comes to higher priced homes. We entered 2016 much stronger than we did for 2015. In December 2015 we did see an...
Hottest Luxury Home Market is Scottsdale Zip Code 85254
Zip code 85254 is currently the hottest market for luxury homes priced $1,000,000 and above. This is the area between Scottsdale Rd and Tatum Blvd and from Shea Blvd to just a tad north of Bell Road. This zip code does not have the most number of sales in a year but...
How immigration is helping our housing growth in the USA
Immigration could be one of the main factors keeping the growth of our housing market steady here in the USA instead of declining as in other parts of the world. According to Mike Orr a housing analyst with the Cromford® Report, "the higher than average fertility of...
Sellers still have the advantage in the vast majority of markets in the Phoenix Area
Sellers still have the advantage in the vast majority of markets but not their bargaining power, which is not getting stronger. As of September 17, 2015, we have seen the Cromford® Market Index (CMI) barely moving upwards. A positive rise or increase in the index...