Luxury Market by City

The Axis on the left shows how many homes have sold for $1,000,000 or more so far, year to date (through May.) So, the higher the bubble is on the chart, the more luxury homes have sold in that city.

  • Scottsdale leads the way, with 381 homes selling for more than $1 million so far this year. Paradise Valley had 164, and Phoenix (at 112) was the only other city with more than 100 sales above $1 million.

The Size of the bubble shows the luxury sales as a percentage of that city's overall market.

  • While Scottsdale had more million dollar sales overall, Paradise Valley's market is made up almost entirely of luxury homes, with 84% of all sales being greater than $1,000,000. Scottdale's luxury market, in contrast, only makes up about 16% of the total market. Carefree (22%) and Fountain Hills (10%) are the only other cities with a significant luxury market.

- Chris Butterworth


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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.