Phoenix Real Estate Market: Above and Below One Million Dollars

A million dollars buys quite a lot of home these days. Especially in Phoenix.

Here the numbers.

Under one million.

18,444 homes fully active for sale (NO contingencies).
$4,320,235,875 Total Inventory. (Apple could easily buy all of Phoenix real estate with it’s cash on hand.
2,044 average square feet.
$234,261 average list price.

Over one million.

1,170 homes fully active for sale (NO contingencies).
$2,685,542,507 Total Inventory.
5,790 average square feet.
$2,295,335 average list price.

That’s the numbers. Plenty of homes to look at either above or below the one million dollars mark. While during the peak true luxury homes were valued¬†consistently¬†well above $1 million. I’ve noticed some stunning homes for sale in great areas available for 6 figures rather than 7.

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