Housing market is booming for properties $2 million and up

Former pitcher Randy Johnson's mansion
Former pitcher Randy Johnson’s mansion

By Catherine Reagor | The Arizona Republic

Metro Phoenix’s uber-luxury home market is bucking the area’s slowdown in sales.

Sales of houses priced above $2 million were up 63 percent in August compared with a year ago, according to the latest monthly report on the northeast Valley from Walt Danley Realty and real estate analyst Mike Orr’s Cromford Report.

The increase in the sale of pricier homes has come as some well-known Valley residents have listed multimillion-dollar mansions for sale.

Continued:

Related: Student loan debt is keeping millennials from buying homes 

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