Arizona Luxury Homes
We love doing Live VIDEO Previews! Our Arizona Luxury Homes Buyer Service is FREE! Property Alerts Here 🙂
Luxury Home Links…
Home | $800~$2M | $2M~$4M | $4M~$6M | $6M+ | Condos~THs | Open House | Market Report | Office Listings | Sellers | ~ Select Cities ~ Cave Creek | Paradise Valley | Phoenix | Scottsdale | Neighborhoods
Welcome to Arizona Luxury Homes where we hope you enjoy your time here. Your Search Results will appear below showing the “Newest Listings” first. We also provide Live Video Previews for your favorite Luxury Homes! 🙂
Prices / SqFt
(for all Luxury Homes ~ $800+)
The April 2020 selling price per square foot of $320 was down -0.6% from $322 last month and down -1.2% from $324 in April of last year.
We can currently see (2,355) Homes available today in Arizona. 🙂 (inventory is falling)
Arizona Luxury Homes ~ Newest Listings
Arizona Luxury Homes ~ Monthly Market Report
(for all Luxury Homes)
Our April property sales were 313, down from 389 in April of 2019 and -29.7% lower than the 445 sales last month. April 2020 sales were at their lowest level compared to April of 2019 and 2018. April YTD sales of 1,441 are running 29.5% ahead of last year’s year-to-date sales of 1,113.
(for all Luxury Homes) Our median sales price in April was $1,087,500, down -3.7% from $1,129,000 in April of 2019 and down -1.1% from $1,100,000 last month. The average sales price in April was $1,419,709, up 0.8% from $1,407,854 in April of 2019 and up 2.0% from $1,392,195 last month. April 2020 ASP was at highest level compared to April of 2019 and 2018.
(for all Luxury Homes)
Our total inventory for sale as of April was 2,549, down -0.4% from 2,559 last month and down -12.6% from 2,918 in April of last year. April 2020 Inventory was at the lowest level compared to April of 2019 and 2018.
Our average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for April was 92, down from 93 days last month and down from 104 days in April of last year. The April 2020 DOM was at its lowest level compared with April of 2019 and 2018.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The April 2020 selling price per square foot of $320 was down -0.6% from $322 last month and down -1.2% from $324 in April of last year.
Selling Price (vs) Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The April 2020 selling price vs list price of 93.5% was down from 93.8% last month and up from 92.6% in April of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you. – Thanks!! (480)208-7955 ~ Our Office is located here, and you can also see us at Paradise Valley Homes 🙂