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April 9, 2022 Market Update

Saturday, April 9, 2022   /   by Bryan Baylon

April 9, 2022 Market Update

 The luxury market has been on a frantic run in the last 12 months with remarkable increases in price during that period. For example:

  • The annual average $/SF has increased from $472 to $631 in Paradise Valley - a rise of 34%
  • The annual average $/SF has increased from $459 to $600 in Arcadia - a rise of 31%
  • The annual average $/SF has increased from $361 to $461 in the Biltmore District - a rise of 28%
  • The annual average $/SF has increased from $348 to $452 in North Scottsdale - a rise of 30%

There still appears to be a great of momentum in the same direction and we expect these annual averages to continue to rise throughout 2022. We say this because the 3-month average $/SF is already much higher than the annual average, at $713 in Paradise Valley, $651 in Arcadia, $504 in the Biltmore District and $506 in North Scottsdale.


Market incites provided by the Cromford report.

Keller Williams Northeast Realty - The Baylon Group
Bryan Baylon
2005 W. Happy Valley Rd #150
Phoenix, AZ 85085
602-410-0827

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