A look into Luxury – April 7th, 2024
I took last week off to enjoy Easter. Over the past two weeks, 31 additional homes were sold for $3 million or more, bringing the year-to-date total to 179. The inventory of homes priced at $3 million or above decreased by 8 to 716, while the number of homes under contract rose by 14 to 189. In the same period, two new homes valued over $10 million were sold, and the inventory of these homes increased by three to 87. As of 2024, Arizona has yet to see any homes sold for over $14 million, but the number of homes under contract in this price range has increased to six, and the inventory has decreased to 46.
Attached is our updated chart for further details.
The Hankerson Team's featured luxury home of the week.
New Home in Paradise Valley Packed with Amenities:
- Movie Theater + Workout Studio
- Office + Teen Room or 5th Bedroom
- Bar / Game Room + Resort Style Back Yard
- Features 5 bedrooms and 7 bathrooms across 7,623 square feet of living space.
- Boasts 16-foot ceilings in the kitchen and great room, complemented by retractable glass walls for seamless indoor/outdoor living.
- Situated in a prime Paradise Valley location on 1.2 acres.
Price: $8,385,000
Updated 3-minute video tour:
