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.