When we look at a typical suburban house - most neighborhoods from Scottsdale to Goodyear and Surprise to Gilbert - we tend to think any home with a 10,000 sqft lot has plenty of space. “HA!”, says Paradise Valley - where only 8% of all homes sold in the last 4 years had lots that tiny.
More than 60% of the homes sold in Paradise Valley sat on lots larger than 1 acre. A full 85% were larger than a half-acre.
Captain Obvious would point out “Luxury requires space. And money.”
- Chris Butterworth
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* All chart data represents single-family detached homes only. Information is believed accurate but not guaranteed.