The Phoenix real estate market continues its steady improvement as the number of luxury Phoenix homes for sale grows. In early April, we saw 2,267 homes listed at $500,000 or more. According to housing analyst
Mike Orr, this marked a 3 percent increase from the previous month.
This year also promises fewer short sale listings and foreclosures. The number of short sales on Phoenix homes priced above $500,000 has dropped since April 2012 from 182 to 90. This year, only 13 luxury Phoenix homes were lender-owned, as opposed to last year’s 47. Out of the 462 Phoenix homes listed at more than $2 million, only one was lender-owned.
Last March, 266 Phoenix homes priced at more than $500,000 sold. This year, that number was up to 305. Though analysts feared that the Phoenix luxury market would take nearly a decade to recover, the numbers show that it is bouncing back much faster than expected.
The opportune moment to buy your Scottsdale luxury home has arrived. Luxury Scottsdale homes are some of the most highly sought-after homes in metro Phoenix. The serene setting and fine amenities of Scottsdale make it the ideal place to cultivate a luxury lifestyle. To schedule an appointment to view Scottsdale homes for sale, call me at (602) 791-0536 or email Carmen@TopScottsdaleHomes.com.
Carmen Brodeur JD
Trillium Properties, LLC
9825 E Bell Road, Suite 120, Scottsdale AZ 85260
Cell (602) 791-0536