Million Dollar Homes For Sale In Arizona – Home / Real Estate / Here are the Arizona cities with the highest share of $1 million homes for sale
With the median home price exceeding $1 million in some parts of the country, the definition of luxury varies when examining housing markets of different sizes. As a result, the whole can get a dream house or simply describe an average house on the market. So which Arizona cities have the highest share of $1 million homes for sale?
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Here’s what our analysts found about Arizona markets when they examined the share of luxury homes in the nation’s 30 largest, 30 mid-sized and 30 smallest cities, using a minimum price of $1 million as the luxury benchmark:
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• California’s large and medium-sized cities show the highest share of homes selling for at least $1 million. Given high median home prices, it’s no surprise that high-end listings account for more than 60% of inventory in Los Angeles, San Francisco and San Jose, as well as Glendale and Huntington Beach;
• In Arizona, Phoenix had 18.3% of homes for sale priced at least $1 million, with only 1.1% priced at $5 million or more;
• Despite its small market, Catalina Foothills boasts the highest share of luxury properties in the Arizona markets analyzed at 33.8%.
Taking a minimum price of $1 million as a benchmark for what constitutes luxury, Point2analyst looked at housing markets of various sizes across the country to determine how affordable they are. And because luxury can change and increase in value based on location, we analyzed for-sale inventory in 30 large, 30 mid-sized, and 30 small cities to rank them by affordability of high-end housing. After exploring local areas for homes over $1 million and over $5 million, it appears that smaller markets are not to be underestimated when it comes to luxury housing options – just look at East Honolulu.
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Big Cities: In Los Angeles, listings over $1 million make up about 64% of the for-sale market. LA also dominates the ultra-luxury sector, with nearly 12% of its homes priced over $5 million.
Mid-Sized Cities: California claims three of the most luxurious mid-sized markets: Glendale (66%), Huntington Beach (63%) and Oxnard (43%) boast a significant share of high-end listings.
Small Town: At over 70%, East Honolulu has the highest share of luxury homes for sale. Meanwhile, in two other smaller markets, more than half of the listings are priced above $1 million – Bozeman, MT (62%) and North Bethesda, MD (55%). If you’re currently in the market for a luxury home in Arizona, the greatest concentration of luxury homes can be found in the greater Phoenix area. From luxury furnished condos located in the heart of things, spacious homes in amenity-rich gated communities, new construction homes with the latest designer and builder features, beautiful horse properties, beautiful custom homes in private golf communities, breathtaking waterfront homes. Luxury homes for sale in Phoenix Arizona, luxurious estates with stunning views will exceed your expectations. The region has a year-round, warm and sunny climate, many high-paying jobs, exciting cultural and entertainment options, world-class shopping and dining, over 200 golf courses, 4 major sports teams and the Cactus League spring. baseball practice. With so much to offer, it’s easy to see why luxury homes for sale in Phoenix are in demand and rarely last long on the market. To access the most valuable homes and get an offer, buyers need to partner with a qualified agent. Cathy Carter is a highly rated Phoenix Arizona luxury REALTOR® with over 27 years of experience working with buyers and sellers. Uniquely qualified, Kathy has all the resources and information to help you explore your options and find the home of your dreams. Start the process today by contacting Kathy directly at (480) 459-8488 or you can contact her here.
You can search for luxury homes for sale in Phoenix Arizona on our easy-to-use website – listings are updated daily. You can view photos of available properties, search for detailed property information, create a free account, save your search, and receive email notifications of new listings that match your specific home criteria. Also, be sure to also scroll down to learn more about luxury homes for sale in Phoenix and living in Arizona’s vibrant and dynamic metropolitan area:
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If you would like to schedule a private showing or would like more information about the luxury home listed above for sale, please contact Cathy Carter who specializes in new homes and luxury real estate. A highly qualified and experienced Phoenix Arizona luxury REALTOR®, Kathy keeps her finger on the pulse of the market and is always the first to know when new inventory (sometimes brand new) is available, ensuring her buyers access to the most valuable homes at their best. Areas and provision of the offer.
Partnering with an experienced REALTOR® like Kathy can be invaluable when buying a luxury home. With over two decades of experience in Phoenix and the surrounding East Valley, Kathy is able to provide her clients with an insider’s view of the market and an in-depth knowledge of the area that few other agents can provide. It can help educate you on the most desirable neighborhoods and communities, the types and features of homes on offer, the best builders in the area, school districts, area amenities and attractions, local community development and much more.
Cathy would be happy to speak with you to discuss the type of home you are looking for, your wants and needs, price range, and answer any questions you may have about luxury homes for sale in Phoenix, pricing, financing and more. Start the process today by contacting Kathy directly at (480) 459-8488 or contact here.
Exciting arts and culture, a signature restaurant scene, numerous trails for hiking and biking in the Phoenix Mountain Preserve or the nearby Superstition Mountains, 200 top-rated golf courses, major sporting events and Cactus League spring training baseball all add to the quality. Life is known in Greater Phoenix. Downtown Phoenix has undergone a major renaissance in recent years. Restaurants, art galleries, retail stores and all manner of businesses have sprung up, sparking a series of new developments from apartment complexes to new hotels and high-rise buildings.
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If you prefer the convenience of the suburbs, the surrounding Phoenix East Valley communities of Scottsdale, Chandler, Sun Lakes, Gilbert, Queen Creek, San Tan Valley, Mesa, Tempe and Ahwatukee offer their own unique personality and appeal, along with easy access. employment centers and urban amenities of a large metropolis.
The Phoenix metro area is one of the fastest growing and most dynamic regions in the country for technology and software companies. With operating costs 42% lower than in California, according to the Greater Phoenix Economic Council, the Phoenix area has become a hub of commercial activity as more and more businesses choose to relocate here from other areas of the US. Technology and bioscience are key. An economic driver in the region with strong growth in healthcare, manufacturing and financial services industries. Fortune 500/1000 companies based or with major operations in this area include Avnet, Freeport-McMoRan, Republic Services, PetSmart, Apollo Group, Insight Enterprises, ON Semiconductor, Pinnacle West Capital Corporation, Amkor Technology, Swift Transportation and First Solar, just. to name a few.
For parents of school-age children, Greater Phoenix is home to several award-winning school districts filled with top-rated schools. The region has 325 public schools in 30 school districts, and more than 200 charter and private schools. Under Arizona’s Open Enrollment Law, children can attend other schools in the district or another district by applying to this school, so families can make sure their child is getting the best education possible. There are many higher education opportunities throughout metro Phoenix. Downtown Phoenix is home to the University of Arizona College of Medicine, and Arizona State University has campuses in Downtown Phoenix and Mesa, with its main campus in Tempe.
The Phoenix metro area offers a wealth of arts and culture. Downtown Phoenix’s art scene has seen significant growth over the past decade, and dozens of museums dot the valley, including the Phoenix Art Museum, Arizona Capitol Museum, Arizona Military Museum, Hall of Fire, Pueblo Grande Museum and Cultural Park, and the Children’s Museum. Phoenix, Arizona Science Center and the Hardy Museum, among others. Popular performing arts venues include Phoenix Symphony Hall, Arizona State Opera and Ballet, Orpheum Theater, Dorrance Theater, and Herberger Theater Center. Concert venues include Talking Stick Resort Arena and Comerica Theater in downtown Phoenix and Gammage Auditorium in Tempe (the latter public building designed by Frank Lloyd Wright). The Mesa Center for the Arts also supports regular independent music and theater productions.
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The Phoenix metro area is home to several luxury boutiques, high-end malls, outdoor lifestyle centers, and designer malls. Some of the most popular shopping destinations in the area are Uptown Plaza (Central Phoenix), Biltmore Fashion Park and Kierland Commons (Phoenix); Scottsdale Fashion Square (Scottsdale), Chandler Fashion Center mall and Phoenix Premium Outlets (Candler); external Santana
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