Home sales data released for the Prescott area, as reported by the Prescott Area Association of Realtors (PAAR), shows a continued cooling trend in the August 2023 market. Buyers and sellers faced a slower market, with total units sold decreasing 15% compared to last August. Median home prices also saw a slight drop, down 4%…
A luxurious mansion in the prestigious Biltmore Estates neighborhood of Phoenix has gone up for sale, listed at a staggering $20 million. The 18,000-square-foot home features six bedrooms, 12 bathrooms, a private movie theater, a wine cellar, a resort-style pool, and sweeping views of Camelback Mountain. With design touches like imported marble and custom woodwork,…
A luxurious estate in Phoenix’s prestigious Biltmore Estates neighborhood recently sold for an impressive $8.2 million, making it one of the largest residential transactions in the area this year. The 11,400-square-foot mansion sits on nearly two acres and boasts six bedrooms, eight bathrooms, an expansive pool, a tennis court, and stunning Camelback Mountain views. Built…
Lake Havasu City, Arizona, is gaining attention as a prime retirement destination, offering a winning combination of affordability, scenic beauty, and year-round sunshine. With its picturesque location along Lake Havasu and the Colorado River, retirees can enjoy stunning waterfront views, abundant recreational activities like boating and fishing, and easy access to hiking trails and golf…
Several notable real estate deals have recently closed in the Rock Hill region, highlighted by the $3 million sale of a luxury home in York County. The area also saw the transaction of a property slated to become a future museum site, reflecting the diversity and activity in the local housing and commercial markets. Both…
Toll Brothers, a leading builder of luxury homes, has announced its newest luxury home community, The Oaks at Ritz-Carlton, in Paradise Valley, Arizona. This exclusive community will feature 51 single-family homes with innovative designs, flexible floor plans, and access to high-end amenities, including pools, parks, and walking trails. The development aims to provide an exceptional…
Metro Phoenix’s luxury housing market saw impressive activity in August, highlighted by the sale of a lavish $7.4 million estate. The property, located in an upscale neighborhood, features amenities such as a resort-style pool, expansive entertaining areas, and stunning city views. In addition to this top sale, several other multimillion-dollar homes changed hands across the…
Phoenix home prices are expected to decline in the coming months, according to a recent forecast by Goldman Sachs. The financial firm predicts a roughly 3% drop in the Valley’s median home prices during the rest of 2024, citing high mortgage rates and decreased buyer activity as the main drivers. While the market has seen…
An employee at an Arizona drug and alcohol rehabilitation facility has been accused of illegally buying homes that previously served as sober living environments. Authorities allege the employee took advantage of vulnerable individuals who were struggling with addiction, transferring ownership of the properties under suspicious circumstances. The investigation revealed instances where paperwork was allegedly falsified…
Meritage Homes (NYSE:MTH) recently reported its second-quarter earnings, reflecting steady demand for new homes despite ongoing affordability challenges in the housing market. The company managed to post better-than-expected revenues and earnings, with management noting that incentives and price adjustments have kept buyer interest strong. Meritage’s performance stands out among other home builders, with many in…