The big headline in yesterday’s Arizona Republic was Luxury Home Sales Soar. Here’s what they said about the luxury market: Luxury homes, the elite properties spread across Paradise Valley, Scottsdale and certain pockets of the metropolitan area, are selling well and at higher prices. There’s been a sharp spike in the number of million-dollar properties sold since 2000, but the bigger story is the increasing prevalence of deals for $3 million, $5 million and much higher, a clear sign that the Valley is moving into the big leagues of luxury homes. I haven’t graphed those $3M+ property sales yet, but…
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