More spec builders add to Paradise Valley oversupply

Rendering vis Silver Sky Developers

By Angela Gonzales | Phoenix Business Journal

The Valley’s luxury real estate market may be showing signs of trouble in paradise.

As more homebuilders enter the Paradise Valley market to raze older homes and build spec homes in their place, many of these higher priced homes aren’t selling as quickly as expected, leaving a larger volume of inventory sitting longer.

Read the full subscription story from The Phoenix Business Journal.

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