Million-dollar home sales jump in metro Phoenix, but there are still deals for mansions

*A 15,000-square-foot mansion with a 3,000-bottle wine cellar and 150,000-gallon lazy river in the heart of Paradise Valley can be yours for a cool $18 million./Photo: Chris Karas/Launch Real Estate*

By Catherine Reagor | The Republic

Baseball hall of famers George Brett and Ryne Sandberg, PGA golfer Pat Perez, NFL defensive end Jared Allen, as well as hundreds of company executives, lawyers and doctors have bought and sold million-dollar homes in metro Phoenix’s poshest neighborhoods this year.

The Valley’s luxury housing market has picked up after too many high-priced listings hit the market and overshot demand from deep-pocketed buyers.

Seven-figure home sales in the Phoenix area were up more than 30 percent in March from the previous year.

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May 8, 2017

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