Arizona’s Luxury Housing Market Breaking Records
While the general Metro Phoenix housing market struggles with declining demand and growing inventory, Arizona’s luxury market is breaking records. Sales above $3 million, $10 million, and $14 million have already surpassed their previous annual highs, with more than two months remaining in 2026.
U.S. Pending Home Sales Plunge
The latest national housing numbers are concerning. Pending home sales across the United States fell 7.3% in September, reaching a record low in the data series going back to 2010.
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The One That Got Away
The first person to call Daniel after the grand opening wasn’t a guest, a reporter, or even one of his investors.
It was another developer.
“I remember that property,” the man said. “We looked at it a few years ago.”
Daniel smiled. He had heard that before.
In fact, over the next several months, he would hear it from nearly everyone in the real estate business.
We looked at that property.
We almost bought it.
We couldn’t make the numbers work.
I wish we’d taken another look.
The Metro Phoenix Supply-Demand Ratio Dips to its Lowest Point in Years
Metro Phoenix home prices held steady in September, but rising inventory and fewer homes under contract pushed the Supply / Demand Ratio to 26.26%, into extreme buyer’s market territory. Mortgage rates remain high, though Friday’s weaker jobs report offered some encouragement by sharply reducing expectations for another Fed rate hike.
Scottsdale Hotel Market 2026 Overview
Scottsdale has developed into a distinct premium hotel market with strong pricing power, broad demand and pronounced seasonality. This 2026 market overview looks at hotel performance, major demand drivers, North Scottsdale, weekday demand, new supply and the factors hotel developers and investors should understand before evaluating the market.
Home Sales in the Metro Phoenix Area Slowed
As expected, Metro Phoenix home sales were slow in August.
Summer is traditionally one of the slower periods for Arizona real estate. Temperatures frequently exceed 110 degrees, many of our winter visitors are out of town, and overall activity normally slows.
A total of 3,602 single-family detached homes sold in August, compared with 4,210 in July and 3,780 in August of last year.
Premium Hotel Performance Remains Strong
The premium Scottsdale and Paradise Valley hotel market continues to show strong pricing power, improving occupancy and meaningful RevPAR growth. For the DC Ranch hotel site, that performance provides important market context for evaluating a higher-quality full-service hotel opportunity in North Scottsdale.
Luxury Home Sales Well Ahead of 2025
Arizona’s luxury real estate market is setting records. It is also showing just how important pricing and negotiation can be.
I have been tracking three segments of the luxury market for several years: homes selling for $3 million or more, $10 million or more, and $14 million or more.
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Hotel Value Framework for Underwriting, Valuation, and Value Creation
Hotel Value A Rigorous Framework for Underwriting, Valuation, and Value Creation
The Best Home Loans For Medical Professionals
Finished Residency? Starting Your New Physician Position? Ready to Buy a Home?
You have the new job.
You have the employment contract.
Your income is about to look very different than it did during residency or fellowship.
But if you’re trying to buy a home, your previous income and medical-school debt may not reflect where you are financially today.