As supply outpaces demand price reductions are common
As supply continues to outpace demand in the Metro Phoenix area—and with what I consider the end of the “season” approaching next weekend on Easter Sunday—motivated sellers are making significant price reductions to get their homes sold.
A Look Into Luxury April 5th 2025
Arizona’s luxury real estate market is on fire in early 2025! Sales of homes priced at $3 million and above are soaring, with over 80 properties moving each month—a stunning 35% increase from last year. The ultra-luxury segment is also setting records, with three homes over $14 million sold, already outpacing 2023’s total. Amidst this boom, rising inventory levels hint at potential shifts. Stay ahead of the market trends—contact Michael Hankerson for exclusive insights and personalized guidance.
Metro Phoenix Housing Market Update March 2025
Discover the Metro Phoenix housing boom in March 2025! Home sales leaped to 4,584, up 7% from last year. With prices stabilizing and mortgage rates dropping, the market buzzes with activity. However, a 48% rise in inventory introduces new challenges for sellers. Dive into the dynamics of this evolving market!
Metro Phoenix Housing Update Q1-2025
Maricopa County’s housing market is hitting record-breaking milestones in Q1-2025! The average sale price for single-family detached homes (SFD) soared to an all-time high of $735,895. Concurrently, the market’s inventory expanded significantly, with over 14,500 SFD homes available for sale—the highest in recent years. This surge in both prices and availability marks a pivotal moment for potential buyers and investors in the area..
Modern Luxury on Camelback Mountain
Nestled on the prestigious south slope of Camelback Mountain, a masterpiece of contemporary architecture stands as a beacon of luxury and design. This home, completed in July 2023 by the renowned Tiara Sun Development, is more than just a residence—it’s a statement. Our latest video takes you inside this $15 million property, offering a detailed tour of its unique features and breathtaking vistas. Let’s delve into what makes this house a dream home.
$17 Million Mansion
Dive into the luxurious world of this newly completed $17 million estate, freshly awarded its Certificate of Occupancy after four years of construction. Witness the architectural significance of this home with a seamless floorplan and views from every angle.
Experience Scottsdale Luxury at 8031 E Redwing Rd
The epitome of luxury living in Scottsdale, Arizona. This stunning 3-bedroom, 2-bathroom home, expertly reimagined by Crafted Quarters, combines modern sophistication with classic comfort, creating a sanctuary that’s both inviting and awe-inspiring.
Luxury Homes in Arizona 2024 – 2025YTD
As we enter the third month of 2025, three aspects of the current market are particularly intriguing: the average monthly sales now stand at 75 homes, the average sale price has exceeded $5 million, and the average price per square foot has risen to
over $900.
22nd Story Phoenix Penthouse
Explore the Ultimate Penthouse Lifestyle! 🌆 | Top Floor Tour of the Award-Winning Executive Towers | Rare industrial-style penthouse fully remodeled in 2025. Reduced $75K to $475,000
Luxury Scottsdale Home
Top-of-the-line finishes combined with a $100K price reduction make this an incredible deal. Check it out and contact me for a private tour at 602.770.7205. Listed at $799,500
New 4-Bed Home
Move-in-Ready New Build Home. 4-Bed, 3.5-Bath, 2,840′, 3-car garage. Discounted to only $649,995!
Below Market Financing available for qualified buyers
New Home with RV Garage
New Move-in-Ready Arizona Home with a 36′ RV Garage. 3-Bed, 2.5-Bath, 2,390′. Discounted to only $614,995!
Below Market Financing available for qualified buyers
