November 21, 2024 11:49 am
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Ultra-luxury home market ‘berserk’

By Paul Maryniak | SanTan Sun News

A report last week from one of the leading analysts of the Valley’s housing market echoed author F. Scott Fitzgerald’s decades-old pronouncement that “The rich are different from you and me.”

The Cromford Report said the average per-square-foot list price of Valley homes sold for over $7.5 million soared by 33% between February 2023 and last month. 

“Something very unusual is happening in the ultra-luxury home market,” the Cromford Report stated, noting the prices being compared were sales and not list prices. 

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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.