In Phoenix Luxury Market Thrives I wrote about the large increase in the sale of homes priced at $1 million in the Phoenix area from 2019 to 2020. Updated data shows that in April of this year sales of one million dollar homes and up hit a new record – up 75% from the previous record set in October 2020. That equals 655 homes sold in April over $1 million compared to 374 for October 2020. Needless to say, sales prices continue to go up as inventory in the highest price ranges decrease.

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