Sales of million-dollar homes soar in metro Phoenix

By Catherine Reagor | Arizona Republic

In the midst of a pandemic, wealthy buyers are snapping up metro Phoenix’s million-dollar homes at a record pace.

Both Valley mansions and spacious condominiums with seven-figure price tags are selling, and many buyers are paying cash.

The trend has drawn a developer to purchase one of the poshest pieces of vacant land near The Phoenician resort to build 195 more million-dollar homes.

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