At the beginning of April, there were 2,267 houses listed at $500,000 or more on the market, a 3 percent increase from March, according to the latest report from Walt Danley Realty and Arizona State University housing analyst Mike Orr.
Of the upscale houses for sale, 90 were short sales. That compares with 182 short sales offered on houses priced above $500,000 in April 2012. Only 13 of the homes were lender-owned. Last year, 47 luxury houses were lender-owned.
There are 462 houses for sale in Phoenix area priced above $2 million, compared with 444 last year. There is only one lender-owned house priced above $2 million.
Luxury-home sales are up from last year. During March 305 houses priced above $500,000 sold, compared with 266 last March.
Source: The Republic | azcentral.com Fri Apr 19, 2013 11:17 AM
www.AZNativeProperties.com
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