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. 2 story home with 1840 sq. ft. guest house built in 2011 at $17,995,000.
9 of the luxury homes listed for sale in the month of June were taken off the market permanently, 1 taken off temporarily and 1 expiring its listing period.
207 of the original 249 homes that came up for sale are still available for sale.

 

 

How well are Luxury Homes selling in the Phoenix Luxury Market?

In June we saw a 46% listing success rate for homes priced between $1,000,000 to $1,500,000. 34% for $1,500,000 to $2,000,000.
21% for $2,000,000 to $3,000,000.
52% for $3,000,000 and above.

175 properties priced $1,000,000 and over sold in June 2017.
7 were luxury condos, 144 were single family detached homes, 1 town home and 1 patio home.

The most expensive home sold in the month is June was for $9,200,000 in Desert Mountain in Scottsdale.

Featured Subdivision

Echo Canyon Subdivision

Echo Canyon is located north of Camelback Rd and east of 44th St.
Located at the base of Camelback Mountain, it is in walking distance t the trailhead of Echo Canyon trail on Camelback mountain.
There are 86 homes in Echo Canyon subdivision, with 76 single story homes.
Homes in this subdivision were built between 1973 – 2016 with average size of 3418 sq. ft. In size.
Amenities
Echo Canyon is a gated subdivision with a security guard on site.
There is a community pool with club house for residents.

Echo Canyon Subdivision Market Report.

“3 homes have been sold in Echo Canyon in the past 6 months ranging from $1,350,000 to $1,825,000.
There are currently 2 homes available for sale, one is active and the other is under contract but accepting back up offers.”
Schedule a home tour today 480-442-0779

 

 

Click here to download a PDF copy of Phoenix Luxury Market Update July 2017