November 22, 2024 4:12 pm
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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.

Continued:

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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.