Phoenix AZ Homes For Sale Valley Wide Over 1 Million

By Jim Swartz • December 7th, 2009

Paradise Valley AZ Homes For Sale Now @ 4.550 Million!

Well, I hope you are sitting down if you think the valley Luxury home market is not doing well in this economy. Get ready as I take you by the numbers in today’s valley wide luxury home market. The picture that starts this article is of the top price winner for Luxury home sales prices, for closed sales in the past 30 days. This particular property sold for 4.550 Million and it took 394 days on the market to sell, this time. This property was purchased by the sellers on 02/28/2001 for 4.750 million, and it was on the market then for 73 days, before it was sold. The original asking price back then was 4.995 million. If you look back at the sales history for this property you will see that it has basically been on the market since 02/18/2004. There have been 6 different listing agents for that time period, and the original listing price back in 04 started at 6.5 million. The biggest time break in the listing of this property was from 06/25/07 – 10/01/08, other than that gap it was just changing agents. The picture in this article was the main picture for the mls, and it was there in 04/04/2006. The property details are that the property sits on 3.64 acres in Paradise Valley, AZ. This luxury home features, 7,643 sgft of living space, 5 bed rooms, 5 baths, a pool and a 5 car garage. Two of the bed rooms, and two of the baths, are located in the guest home. The home is located on the west slope of Mummy Mountain.

Well enough about the top price winner. Now for some market facts. There was a total of 94 homes, priced over 1 million dollars, that sold, in the past 30 days, around the valley. These homes were sold in various cities, such as Paradise Valley, Phoenix, Scottsdale, Fountain Hills, Mesa, Chandler, Carefree, Peoria, Gilbert, Cave Creek, Show Low, Tempe, and Buckeye. To be honest about these numbers, I will tell you that out of these homes that sold, 13 of them started above the million mark, and finally sold for less than a million. The lowest price sale in this group goes to a home sold in Buckeye, and it is pictured below. This custom home located in Verado, was 3,782 sqft, 3 beds, 3 baths, heated pool and spa, 4 car garage on 16th green of golf course, and sold for $765,000, after 27 days on market. The original list price for the home was 1.2 million

Buckeye AZ Homes For Sale Now @ $765,000

Now that we have seen how many sales there were in the past 30 days, let’s take a look at how many homes are pending sale as of this writing. There are currently 97 pending sales that are above the million dollar mark. The top pending sale priced home goes to a property located in Scottsdale, AZ. This Luxury Custom home is located on the 4th fairway of the Estancia Golf Club, and it truly a work of art. The home features 7,160 sqft of living space, 5 bed rooms, 7 baths, 3 car garage, heated pool and spa, and unrivaled upgrades. This property has currently been on the market for 738 days, and started at a list price of 6.295 Million.

Scottsdale AZ Homes For Sale Pending @ 5.950 Million

Now let us look at the entry level home price for all the current pending sales. This property listed at 1 million, is also located in Scottsdale, AZ. This home was originally listed at 1.499 Million, and has been on the market for 288 days. The home features 3,435 sgft of living space, 4 bed rooms, 4 baths, pool and heated spa, and 3 car garage, and located in DC Ranch.

Scottsdale AZ Homes For Sale Now Pending List Price of 1 Million

Ok, now that we have looked at the homes that have sold in the past 30 days, and the top and bottom of the current pending sales, it is time to look at the current active listing numbers. There are currently 2,166 active listings in the valley, that are priced at 1 million or more. There are 15 homes listed at 1 million. These homes range in size from 1,625 sqft, on 41.59 acres in Parks, AZ., to 6,600 sgft for the property pictured below, located in Mesa, AZ. This home sits on 1.22 acres, and features 5 bed rooms, 5 baths, heated spa and pool and a 3 car garage. There is also a basement in this property. The property has been on the market for a total of 105 days at the current list price of 1 million.

Mesa AZ Homes For Sale Now @ 1 Million

The top price for an active listing goes to Paradise Valley, and the home pictured below. This property features 12,860 sqft of living space, 8 bed rooms, 12 baths, 6 car garage, and is located on 40 acres, that has been recently platted and recorded for 6 lots. This property is listed at 27.5 million for all the land and home, or 13.5 million for the home and 10 acres.

Paradise Valley AZ Homes For Sale Now Active @ 27.5 Million

Well that about wraps up the picture of the valley luxury home market for the past 30 days. I hope that you have a better understanding of what has sold, the price range, and type of homes. The type of homes that are currently pending sale, and that there is a lot of choice when it comes to active listings for the luxury home market in the greater Phoenix area. If there is anything that I can help you with, be it a luxury home sale or purchase, or any real estate needs, around the valley, Contact me, and I will be glad to be of service. Until then, have a fantastic, blessed, day.

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