When much of the U.S. is suffering through arctic freezes, the residents of Paradise Valley, Arizona, are donning shorts and hitting the golf courses. That’s because they’re among the 13,000 residents of the Sonoran Desert town outside Phoenix, where they enjoy more than 300 days of sunshine and warm temperatures each year. It’s Arizona’s wealthiest municipality, contains about 5,000 houses and every year, the local luxury real estate market seems to break records as newcomers flock there. “This is a newer area, so it’s not like you have a lot of 1800s and 1900s homes. This is newness, paired with such good weather and resorts. There’s a huge allure to this area in Arizona. People are flocking in from all over the country to buy homes here,” said Robert Joffe, founder and associate broker of the Joffe Group. “It wasn’t long ago, maybe five years ago, that I sold the highest-priced home on the MLS [in Arizona], and it was $12.75 million,” Joffe said. In 2022, a 13,000-square-foot Mediterranean-style house on 4.3 acres sold …
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