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Record Breakers and Ground-Breakers
To start, I would like to mention the remarkable performance of the luxury market in the Phoenix Metro. A newly built estate in Paradise Valley sold for $16.5 million in cash, the highest priced sale in the Phoenix metro so far in 2026 - and possibly a record breaker. The market for amenity rich luxury homes is on fire in Arizona. Coming soon to the West Valley, and not quite a record breaker, Vivar at Ballpark Village. This affordable planned housing community anticipates around 400 units here in Goodyear, AZ. The land for the plans has been acquired by Dominium, a Minnesota based developer. Groundbreaking new builds come in a…
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Jennifer’s Market Highlights for July 2025
Fox 10 news reports a noticeable cooldown that has home values in Arizona down 2.6% from last year. We (Jennifer M Quinn and company) are seeing high interest rates keeping buyers on the sidelines. Despite the slowdown, fellow realtors say there is an opportunity for buyers and Phoenix rarely sees a buyers' market with a growing population. Jennifer Marie Quinn, Realtor, Surprise, AZ. Even with the cooldown this year, the median sale price of a single-family home in Arizona has gone up more than 50% in the last five years, jumping from $302,000 to more than $470,000 from February 2020 to February 2025, according to real estate company Redfin. The…
