Luxury Sales Keep Housing Market Alive

Luxury homes are calling the shots this year. While most of The Valley’s housing market is catching its breath, high-end buyers are speeding ahead - especially in Scottsdale. The numbers are eye-popping: fewer homes, far higher prices, and record total sales values that now outshine the Phoenix real estate market itself.

Quick Points

• Scottsdale leads Arizona in total home sales value

• High-end deals above $2M are surging

• Phoenix trails despite higher volume

• Custom designs & eco-builds fuel demand

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Scottsdale’s High-End Lead Grows

Scottsdale’s real estate market has hit new heights. By total dollar volume, it’s now the biggest player in Arizona real estate. That’s thanks to a surge of seven-figure listings and cash-heavy buyers who want new builds with flair. Even though Phoenix sells more homes, Scottsdale’s price tags—often double—shift the balance.

• Scottsdale surpasses Phoenix in monthly total sales value

• $2M+ listings post double-digit growth

• Average home price doubles Phoenix’s average

• Out-of-state money drives much of the action

• Luxury tier growth keeps inflation pace

The pattern’s clear. Scottsdale dominates The Valley’s top bracket, reshaping where wealth moves and builds.

Also Read: Luxury Collector’s Garage At WestWorld Approved For Scottsdale

Northeast Valley Attracts The Big Spenders

The Northeast Valley is still where high-end buyers look first. Scottsdale, Paradise Valley, and nearby enclaves stay at the top of wish lists for affluent relocators. These areas draw in people who rarely look elsewhere, preferring privacy, design control, and open layouts that stretch from kitchen to patio.

• “The Valley’s” priciest ZIP codes remain steady

• Custom & semi-custom builds are popular

• Indoor-outdoor living defines new construction

• Builders use eco-materials & net-zero energy designs

Demand hasn’t cooled yet. Each new luxury build adds momentum, feeding the cycle that keeps prices firm at the top.

Phoenix’s Luxury Scene Holds Its Own

Phoenix still has skin in the game. Arcadia and Biltmore continue to turn heads with modern remodels, small-scale infill projects, and the occasional record sale. But the city’s total market value no longer matches Scottsdale’s heavy hitters.

• Arcadia, Biltmore lead Phoenix’s premium segment

• Boutique developments attract selective buyers

• Design-forward homes stress sustainability

Phoenix’s upper-tier market may be smaller, but it’s keeping pace creatively, proof that style, not just size, still sells in The Valley.