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More Phoenix-area homes sport million-dollar price tags as housing prices recover

Million-dollar home in the West Valley
Million-dollar home in the West Valley

By Catherine Reagor and Ronald J. Hansen |The Republic | azcentral.com

Like the economy, the supply of million-dollar homes in metro Phoenix is bouncing back.

There are 7,400 such houses in the Valley, according to the latest data from the Maricopa County assessor. Most are in Paradise Valley and north Scottsdale, but mini-mansions and sprawling estates also are popping up again in Peoria and Glendale. In the southeast Valley, almost 200 houses are worth $1 million or more.

Condominiums worth seven figures are located in Scottsdale, Tempe and central Phoenix.

Before the housing crash, there were more than 18,000 million-dollar homes in the county. Although these priciest of homes belong to familiar faces and occupy outsize spaces, million-dollar properties remain a rare commodity in Maricopa County.

Continued: 

If you’d like to discuss real estate matters, contact Rose Law Group founder Jordan Rose, jrose@roselawgroup.com

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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.