Luxury Market Update for real estate in the Phoenix Metro Area

Luxury market update for real estate in the Phoenix metro area. Information on sales, forecasts, inventory and absorption rates for million dollar homes.

Phoenix Luxury Market Update April 2018

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...
Phoenix Luxury Market Update July 2017

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 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...
Top 10 expensive cities in Phoenix Area August 2016

Top 10 expensive cities in Phoenix Area August 2016

Top 10 expensive cities in Phoenix Area August 2016 Scroll down for list ? 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 Area Luxury Real Estate Market Update for April 2016

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...
Hottest Luxury Home Market is Scottsdale Zip Code 85254

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...

©2019 Arizona Regional Multiple Listing Service, All rights reserved.

 

The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Russ Lyon Sotheby's International Realty are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. Listing data last updated 09/18/2019.