AriZona Real Estate insider!

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