This is the Phoenix Luxury Homes For Sale 2016 Year End Recap. Luxury Homes for Sale in Phoenix Arizona offer very interesting and unique home styles and designs. From Traditional to Contemporary there is a luxury home to fit just about every luxury home buyers taste. Many Phoenix Luxury homes for sale also have stunning outdoor patios and pools. You'll want to take a close look at Phoenix Luxury Homes for Sale 2016 . For your convenience there is a link below to search for luxury homes with pools or without pools by clicking on the links below.
Phoenix Luxury Homes 12 Month Market Trending Chart
Phoenix Luxury Homes For Sale 2016 Year End Recap: - Current availability of Phoenix Luxury Homes this month is 316 homes. These luxury homes are priced from $700,000 to $7,450,000. There are 49 Phoenix Luxury Homes pending, waiting to close and 36 Luxury homes have closed this past month. With a higher price point, Phoenix Luxury Homes for sale typically take longer to sell than other homes in the Phoenix Metro area and typically you will have some room to negotiate on price.
The 2016 Year End Stats show 474 Phoenix Luxury homes sold, with prices ranging from $400,000 to a high of $7,200,000, with an average price of $1,107,928. Average days on the market was 123 with the shortest days on market being 1 day. For these 474 homes, the sale price/list price ratio was 95%. As the above trending chart shows, it's easy to see that sales are at their highest during the winter and spring months and there are more homes on the market as well (thus more variety to chose from). Typically each year new listings and sales slow down during the warmer summer months. Many value-minded luxury home buyers take advantage of the slower months as there are some excellent values to be found in the Phoenix luxury real estate market at that time.
Because there is frequent change in the inventory of Phoenix Luxury Homes for Sale, if you would like to track this market, let us help. We will set up an on-going search especially for you, with your own customized web site. You'll be notified as soon as new listings are posted.
And when you see something that interests you, please give us a call – we would love to schedule a showing for you at your convenience.