The luxury real estate market in Greater Phoenix is feeling the same woes of the economic downtown as the rest of the market but sales have stabilized after a large decline in turnover. Below is a chart of sales of homes priced $900,000 or more in Greater Phoenix. It's surprising where such homes are sold, but the bulk remains in Scottsdale, Phoenix and Paradise Valley.
| City | Units Sold
| Average days on market | Average sales price | Sales $ to List $ | | Carefree | 3 | 203 | $1,566,000 | 94.7% | | Cave Creek | 4 | 277 | $1,539,000 | 86.4% | | Chandler | 1 | 46 | $950,000 | 91.4% | | Fountain Hills | 4 | 159 | $1,418,000 | 89% | | Glendale | 1 | 291 | $1,700,000 | 85% | | Gold Canyon | 4 | 133 | $1,520,000 | 89.2% | | Goodyear | 1 | 63 | $1,165,000 | 97.5% | | Mesa | 2 | 63 | $1,265,500 | 94.2% | | Paradise Valley | 14 | 204 | $2,687,500 | 90.4% | | Peoria | 1 | 200 | $1,015,000 | 92.7% | | Phoenix | 19 | 115 | $1,377,000 | 90.4% | | Scottsdale | 47 | 150 | $1,633,000 | 92.9% | | Total | 102 | 159 | $1,681,000 | 91.6 |
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Total sales of luxury homes are down from the years before. The graph below represents that well.
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