April 23, 2024 11:14 am
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Luxury market soft as appreciation ascends from below

Luxury market
Luxury market
Homes priced below $250,000 appreciated the most in 2015 in the Phoenix metropolitan housing market, according the latest housing report out of Arizona State University. /File photo

By Paradise Valley Independent

Homes priced below $250,000 appreciated the most in 2015 at a level between 6 and 12 percent, according to the latest housing report released from the W. P. Carey School of Business at Arizona State University.

Homes from $250,000 to $500,000 were up 2 to 6 percent, while homes priced from $500,000 to $2 million moved only slightly. Though the market for homes priced over $2 million was stronger in the beginning of 2015, demand cooled with the financial markets and remains relatively weak as a result.

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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.