December 20, 2024 4:10 pm
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Housing market is booming for properties $2 million and up

Former pitcher Randy Johnson's mansion
Former pitcher Randy Johnson’s mansion

By Catherine Reagor | The Arizona Republic

Metro Phoenix’s uber-luxury home market is bucking the area’s slowdown in sales.

Sales of houses priced above $2 million were up 63 percent in August compared with a year ago, according to the latest monthly report on the northeast Valley from Walt Danley Realty and real estate analyst Mike Orr’s Cromford Report.

The increase in the sale of pricier homes has come as some well-known Valley residents have listed multimillion-dollar mansions for sale.

Continued:

Related: Student loan debt is keeping millennials from buying homes 

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.