Sourced By: The Real Deal  Arizona’s wealthiest enclave’s previous record for a residential sale was $21M The price for paradise is not cheap. An 18,500-square-foot mansion in Paradise Valley, Arizona — which boasts the state’s richest ZIP Code — sold for an area-record $23.5 million, Azcentral.com

Sourced By: AZ Big Media  It’s unclear which came first in Pinal County, the houses or the people filling them. What is clear is that both Pinal County housing and its population continue growing at some of the fastest rates in the state and, in some instances, the nation. The number of housing uni

Sourced By: AZ Big Media  As the dust settles from a traditionally busy spring in the Phoenix area, made busier by Super Bowl LVII, the beginning of what could be a buzz-worthy shift in the local market is starting to emerge. The short-term rental market in Phoenix is primed for a significant shift

Sourced By: City Sun Times  Construction has started on Portico, a luxury condominium development in north Scottsdale that features a contemporary design and 112 condominiums across nine five-story buildings, with the project estimated to be completed in June 2024. Portico, a 5.4-acre

Sourced By: Realtor.com  He’s swapped the desert for downtown Brooklyn. In February, NBA forward Mikal Bridges was traded from the Phoenix Suns to the Brooklyn Nets in a blockbuster deal. The seismic leaguewide shift has resulted in the East Coast native performing a shuffle on his real estate port

Sourced By: AZ Big Media  The real estate market in Arizona has been cooling down. In fact, the median home price in Phoenix is currently $410,500. This number is still high and may be difficult for many to afford. For those who want to get into the market, there is an option for them to borrow aga

Sourced By:  The USL Super League announced the inclusion of the City of Phoenix in the initial group of markets that will make world-class women’s pro soccer accessible for more players, more fans, and more communities across the United States. Led by the Phoenix Rising FC ownership group, and pro

Sourced By: Arizona Daily Sun  Ideally, you’d spend months or even years carefully purging excess belongings — but life may have other plans. Maybe you or someone you love has a health crisis and needs to move into assisted living. Or someone has died and their home has to be cleared before next m

Sourced By: Daily Independent  A 5-acre estate featuring parking for 30 cars has shattered the record for the highest priced home ever sold in Paradise Valley. The Mockingbird Lane home sold for $23.5 million. Listed in January for $25 million, the property closed escrow only 90 days later for $23.

By: Redfin  When it comes to purchasing a home, buyers may have difficulty finding financing beyond the conforming loan limit. This is where jumbo loans come into play. What is a jumbo loan? A jumbo loan is a type of mortgage that’s designed to help you finance the purchase of a home that exceeds t

Sourced By: Redfin Blog  Arizona is a Southwestern paradise, best known for its spectacular landscapes like the Grand Canyon and Saguaro National Park, its bustling cities like Phoenix, and quaint resort towns like Sedona. There are plenty of reasons why you might be considering moving to Arizona o

Sourced By: AZ Big Media  Just how common is buying a home with cash? It happens about a third of the time, according to industry statistics released late last year. And those stats indicate that cash purchases are on the rise, reaching their highest level in nearly a decade.  As these types of pur

By: AZ Big Media  As we gear up to enter a new peak rental season, RentCafe looked at 200 U.S. cities with a mission: to find out how much apartment space can renters get on a $1,500 budget, including how much apartment space you can rent on a budget in Metro Phoenix. The state of Arizona is one of

  Sourced By: Scottsdale Progress  For potential residents, this project is literally through the roof – with rooftop shade trees, running tracks, swimming pools and stunning views of the surrounding mountains. But on the checklist of things current Scottsdale residents go through the roof in anger

By: AZ Big Media  Self storage has grown in popularity over the past decade, and it’s proving its usefulness during times of transition. Changing residences, downsizing or moving in with your family to form a multigenerational household are just some of the instances when self storage is typically

Sourced By: KTAR News  Dear Dave, I live in Dallas, Texas, and I’m wondering if I should sell my condo in order to pay off debt. I owe $120,000 on it, and it’s worth around $260,000. Plus, the homeowners association fee used to be $450 a month and has gone up $100 each year for the last two years,

By: AZ Big Media  Prior to the early 2000s, Downtown Phoenix was not the bustling, vibrant city we know today. The area offered none of the great restaurants, entertainment, retail or Downtown Phoenix housing options that citizens now enjoy on a daily basis.  The downtown area has seen an influx of

Sourced By: AZ Big Media  With Memorial Day weekend coming up, summer travel season is about to heat up, which means bookings for short-term rentals are filling up quickly. And Scottsdale holds the distinction of being among the Top U.S. cities for most Airbnb rentals and most expensive rates. So,

By: AZ Big Media  Downtown Phoenix has become a hot spot for multifamily housing developments as more and more people look to live in or near downtown. Here are seven Downtown Phoenix housing developments that are currently under construction. EcoPhx  True sustainable living will meet apartment liv

By: AZ Big Media  New data from the first quarter of 2023 shows buyers beginning to adjust to elevated mortgage rates, while low inventory spurs an increase in builder confidence despite growing recessionary fears, according to Christine Cooper, Chief U.S. Economist and Managing Director at CoStar G