Metro Phoenix million-dollar home sales jump — but who’s buying them?

By Catherine Reagor | Arizona Republic

A lot more millionaires are buying metro Phoenix homes.

Sales of homes priced at $1 million or more in the Phoenix area have jumped 36% during the past six months, according to the Cromford Report.

In 2019, a record 2,132 houses with seven-figure price tags changed hands Valley-wide. That’s up 7.6% from 2018. 

And the pace isn’t slowing down.

“So far in January, sales priced at $1 million or more are already 54% higher than in early 2019,Tina Tamboer, senior analyst with Cromford, told 375 real estate agents earlier this week at Bobby Lieb’s HomeSmart Elite meeting.

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