This week, an additional 14 homes were sold for $3 million or more, bringing the year-to-date total to 193. The inventory of homes priced at $3 million or above increased by 17 to 733, while the number of homes under contract remained unchanged at 189. During the same period, a home valued at over $10 million was sold, marking the first sale in Arizona for $14 million or more in 2024. Our featured luxury home of the week also went pending, so the inventory of homes priced at $14 million or above stays at 46, with the number under contract at 6. This represents a major shift in Arizona’s luxury home market for homes priced at $14 million or above. Let me explain: The best year ever for homes in this price range was 2021, with 7 homes sold, matching the number of homes either under contract or sold in 2024. What do 2021 and 2024 have in common? Bitcoin was over $60,000 per coin, which is why two of the three versions of the videos I edited last week for our home of the week (which have garnered over 20,000 views so far) mention diversifying your Bitcoin portfolio into real estate. Here is our chart with the details.