The Location of Luxury Homes in Arizona
Hi, it’s Michael Hankerson, and today we’re talking about the location of luxury homes in Arizona. Whether you’re a builder looking to maximize your final sale price or a homeowner searching for a home in an area that will appreciate the most, knowing where to buy or build can make a significant difference. Let’s dive into the specifics!
- The Paradise Valley, Arcadia, and Biltmore areas
- Golf communities at the base of the McDowell Mountains
- Golf communities near Desert Mountain
- These 10 zip codes have an average sale price ranging from just under $1 million to over $4.5 million.
- However, if you only look at homes that sold for $6 million or more, the number of zip codes is reduced to five.
- Focusing on homes that sold for $10 million or more narrows it down to just Arcadia Proper, Paradise Valley, and Silverleaf.
Learn more about the top 10 Luxury Zip Codes in Arizona
Why does this matter?
Understanding these trends is crucial. If you’re a builder looking to maximize your final sale price or a homeowner searching for a high-appreciation area, the location of your investment matters. Let’s dig deeper into specific regions:
Detailed Analysis of Specific Regions
We’re focusing on the area south of Thunderbird, north of Thomas, and roughly between the 51 and 101 Freeways:
- Homes sold for $2 million or more: These are pretty much evenly scattered throughout.
- Homes sold for $3 million or more: There’s only one below Indian School and six above Cactus.
- Homes sold for $4 million or more: There’s nothing below Indian School and nothing northwest of Scottsdale Road and Cactus.
- Homes sold for $6 million or more: There’s nothing above Cactus and nothing below Camelback except for Arcadia Proper.
- Homes sold for $10 million or more: The only areas are the Town of Paradise Valley and Arcadia Proper.
Conclusion
If you’re looking to buy or build a luxury home in Arizona, it’s essential to understand these trends and insights. I’d love to sit down with you to discuss your goals and answer any questions you may have.
Contact Me
Feel free to reach out if you have any questions or need further information. Thanks, and have a great day!
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