Valley luxury home sales cool

By Angela Gonzales | Phoenix Business Journal

The buying frenzy in the Valley’s luxury home market appears to have ended.

“I don’t feel the market is dead in any way,” said Robert Joffe, co-founder of Launch Real Estate. “There’s just no question it’s a complete slowdown from what it was, but I feel we are in a balanced market right now, almost leaning toward a buyer’s market.”

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