Arizona Luxury Homes
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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
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! 🙂
(for all Luxury Homes ~ $800+)
Our Median Sales Price in July was $1,100,000, equal to $1,100,000 in July of 2020 and down -2.3% from $1,125,500 last month. The average sales price in July was $1,403,085, up 0.5% from $1,395,935 in July of 2020 and down -7.2% from $1,511,356 last month. July 2021 ASP was at highest level compared to July of 2020 and 2019. (more market report below photos)
We can currently see (1456) Luxury Homes ($800+) available today in Arizona. 🙂
Arizona Luxury Homes ~ Newest Listings
Arizona Luxury Homes ~ Monthly Market Report
(for all Luxury Homes) Our July property sales were 840, up from 576 in July of 2020 and -13.2% lower than the 968 sales last month. July 2021 sales were at their highest level compared to July of 2020 and 2019. July YTD sales of 5,754 are running 121.9% ahead of last year’s year-to-date sales of 2,593.
(for all Luxury Homes) The total inventory of properties available for sale as of July was 1,840, up 15.2% from 1,597 last month and down -3.2% from 1,900 in July of last year. July 2021 Inventory was at the lowest level compared to July of 2020 and 2019.
The 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 July was 31, up from 30 days last month and down from 90 days in July of last year. The July 2021 DOM was at its lowest level compared with July of 2020 and 2019.
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 July 2021 selling price per square foot of $366 was down -1.9% from $373 last month and up 15.5% from $317 in July 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 July 2021 selling price vs list price of 99.8% was down from 100.0% last month and up from 94.0% in July 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 🙂