Arizona’s luxury real estate market is distinct. We’re talking Scottsdale, Paradise Valley, even Sedona and other upscale areas. Properties spanning multiple acres, historic homes loaded with character, and desert-style architecture that blends seamlessly with the landscape. It’s a magnet for out-of-state buyers, retirees, and foreign investors.
What’s driving this luxury inheritance market? The baby boomers passing on their assets (generational wealth transfer) and the rise of remote work, which makes Arizona’s tax-friendly policies and easy-going lifestyle attractive. The median price in Paradise Valley is around $3.2 million as of 2023. Scottsdale is seeing a huge increase in high-price home sales.
Arizona’s luxury market is seeing a shift. Buyers are prioritizing sustainability, smart-home technology, and resort-style amenities. Pools, outdoor kitchens, and more.
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