Valley high-end market stays hot

By Paul Thompson and Dale Brown | Phoenix Business Journal

The top 40 home sales in this week’s Business Journal luxury report combined to generate $173 million in sales value, marking the second straight week of elevated sales activity.

The total sales value generated from April 21-28 eclipsed the $171 million during the previous week, which itself marked a nearly 24% increase week-over-week. Eight homes eclipsed a sale price of $5 million in the weekly report, while two sold for more than $10 million.

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