In September this year, a record was made in Scottsdale, Arizona. A home in a luxury community was sold at a whopping $24.1 million, a new high as one of the highest prices for a home in Arizona. This awesomely luxurious mansion spans an area of 17 acres with eight bedrooms and ten bathrooms. What’s more, the property had an indoor basketball arena and a guest house constructed on a site of 7,500 square feet.
It may sound like a one-off case, but don’t be surprised if more such deals are materializing shortly. Scottsdale is all set to become a top trend-setter in Arizona’s luxury real estate market. As situations start returning to normal again, post-Covid-19, it is expected that some excellent luxury homes for sale in Scottsdale, AZ, are going to hit the market here.
What can be termed as a luxury in the realty market?
For the buyer today, real estate luxury often denotes the availability of space and enhanced facilities and amenities. It essentially means space in terms of square foot area and amenity in terms of a yoga studio or space for a home gym. So, by luxury, what one typically means is a better lifestyle and extra space.
How is the luxury market moving in Scottsdale?
In the last few months, the number of homes sold in the $3 million to $4 million has increased substantially. The trend is being noticed mostly in the family home segment. As per market reports, the increase is almost to the tune of 82% in October this year compared to October 2019. If this is the trend, something good is happening because it opens up sellers’ and buyers’ opportunities. It is a win-win situation for both sides, with the realty sector reporting that the market is at its best at this point in time.
Whether you are a buyer or a seller, this is the time when you need to sit up and read through the latest market reports. It is vital to understand the trends categorically before deciding if it is the right time for you to take the plunge or not. As a buyer, you need to invest your hard-earned money. S, you better be right in your decision! As a seller, you have to ensure that you make the right decision because it is your property, and you would typically want to make good returns on your investment.
You have two choices – either you can do all of this on your own or hire the services of a professional realtor. A trusted realtor is one who can guide you through the process, from the start till the end, ensuring that you have the right facts and figures with you to help you make choices. The agent should be committed to working with you following best practices and in an ethical manner.
Luxury homes for sale in Scottsdale AZ, comes in multiple variants and features. Some features align with your family needs, and some do not feature on your priority list. Take the help of an expert to help you make the right decisions.