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Luxury Housing Market January 2018
Luxury Housing Market January 2018
Defining the Luxury Housing Market for this article?
For purposes of this article let us assume a luxury home is anything listed for sale over $1,000,000.  While you may find a lot of homes in the Phoenix area that offer an array of luxurious items at under the Million dollar mark, we need a cutoff, and for no particular reason beyond a place to start the $1,000,000 is the lower end.  This report will also include: townhomes and condos as well.
 There several areas around metro Phoenix which offer million dollar homes including: Scottsdale, Ahwatukee, Paradise Valley, Cave Creek to name a few.  For purposes of this update, I will just be taking a look at all Phoenix Luxury homes for sale and recent luxury homes sold in the entire Metro Phoenix area. 
View Current Phoenix Luxury Homes for Sale just click this hyperlink
Market Report for January 2018
Current information for active luxury homes in Phoenix:
1959               active luxury homes for sale
$2,276,529     average active list price
208                 luxury homes under contract
$1,909,083     average list price under contract
Luxury Homes Sold December 2017
148                 luxury homes sold
$940,000        was the lowest sale price
$5,560,000    was the highest sale price
$1,666,775     was the average sale price
175                was average days on market for homes that ... more

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