Record-Breaking Luxury Sales in 2025

Year-to-date, 831 homes priced at $3 million and above have sold across Arizona, surpassing the previous annual record by more than 13%. This milestone confirms that demand for luxury real estate has not disappeared — it has simply become more selective.

Even more notable is what’s happening at the top of the market. In the most recent update alone, 164 additional luxury homes closed, including 7 sales at $10 million or higher and 2 sales at $14 million or more. These numbers reinforce that ultra-luxury buyers are still active when the right property, pricing, and value align.

Inventory Is Rising, And the Market Is Shifting

One of the most important changes since the last report is inventory growth across all luxury tiers.

Active listings have increased by:

• 12.76% at $3 million and above
• 35.53% at $10 million and above
• 31.43% at $14 million and above

This shift signals a move toward a more balanced luxury market. Buyers now have more options and negotiating power, while sellers must be increasingly precise with pricing, presentation, and marketing strategy. Homes that are positioned correctly are still selling, while overpricing is no longer being absorbed by the market.

What This Means for Luxury Buyers and Sellers

Luxury real estate in Arizona is no longer driven by urgency. It is driven by data, strategy, and execution.

For buyers, expanding inventory creates opportunity — particularly at higher price points where choice and leverage are improving. For sellers, success now depends on understanding current demand, realistic pricing, and professional representation that knows how to navigate a more competitive environment.

These dynamics are especially visible in Paradise Valley, Scottsdale, Arcadia, and the Biltmore area, where luxury activity remains concentrated and highly nuanced.

Watch the Full Luxury Market Update

To break down these trends in more detail, including what they mean heading into 2026, watch the full video update below.