By the numbers:
- Most Expensive Home Sold $5,000,000 in Silverleaf & featured over 10,000 Sq. Feet with 6 bedrooms, and 7 bathrooms
- 95 sales with a $1,000,000 Price Tag and up
- The usual suspects: Paradise Valley, Arcadia, & Scottsdale hold the top 5 most expensive homes sold during July 2014
- Average Home Sale $1,557,760 // Median Home Price $1,367,500. Both numbers this month are up from last month (June 2014 by the numbers)
- Average Price per square feet $320
- Average Days on Market 155
- $154,591,450 was the sum ($1 M +) of money transferred, Wow!
The market although slower in total sales vs last month (95/113) the median & average home price went up a little, days on market down. All this indicates that the luxury home market is still hot right now and goes along with our hot weather. It’s a great time for sellers & buyers in the high end market.
Photos:
- Sold Price: $5,000,000
- Location: Scottsdale, AZ (Silverleaf)
- Size: 5 BEDs / 7 Baths – 10,975 Sq. Feet
- Sold Price: $3,875,000
- Location: Phoenix, AZ (Arcadia)
- Size: 5 BEDs / 6 BATHs – 6,700 Sq. Feet
- Sold Price: $3,850,000
- Location: Paradise Valley, AZ (Paradise Mansion Estates)
- Size: 4 BEDs / 5.5 B ATHs – 7,405 Sq. Feet Sold Price: $3,850,000
- Sold Price $3,575,000
- Location: Scottsdale, AZ (DC Ranch)
- Size: 5BEDs / 6.5BATHs – 7,921 Sq. Feet
- Sold Price $3,100,000
- Location: Paradise Valley, AZ (Cheney Heights)
- Size: 5BEDs / 7BATHs – 7,141 Sq. Feet
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