More Phoenix-area homes sport million-dollar price tags as housing prices recover

By Catherine Reagor and Ronald J. Hansen |The Republic | azcentral.com

Like the economy, the supply of million-dollar homes in metro Phoenix is bouncing back.

There are 7,400 such houses in the Valley, according to the latest data from the Maricopa County assessor. Most are in Paradise Valley and north Scottsdale, but mini-mansions and sprawling estates also are popping up again in Peoria and Glendale. In the southeast Valley, almost 200 houses are worth $1 million or more.

Condominiums worth seven figures are located in Scottsdale, Tempe and central Phoenix.

Before the housing crash, there were more than 18,000 million-dollar homes in the county. Although these priciest of homes belong to familiar faces and occupy outsize spaces, million-dollar properties remain a rare commodity in Maricopa County.

Continued:

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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November 4, 2013

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