With more than 20 luxury homes listed for more than $20 million in Paradise Valley and Scottsdale, the luxury market in metro Phoenix is pushing into new price heights.”I believe we are at an inflection point in the upper echelon of the luxury space where we may indeed see a new stratospheric price threshold pushed higher,” said Andrew Turley, president of Phoenix Valuations, a sought-after appraiser of luxury residential properties.The metro is the No. 2 destination nationwide — behind South Florida — for high net worth migration, Turley said.”The influx of wealthy movers has changed the landscape, given their respective tastes for the choicest estates,” he said. “Many luxury agents and luxury builders recently have conveyed that if the right home is built to the specs of some of America’s luxury homes, that Arizona will see price points above $30 million. Many agents and developers are pushing the limits of our unde …
See the full Home Prices article, or, read more Arizona real estate investing news. Go ahead. You know you want to.
