The sales of luxury homes in Greater Phoenix bucked the trend and suddenly surged

The sales of luxury homes in Greater Phoenix bucked the trend and surged. The sales volume of houses priced at more than 2 million increased by 63% compared with August 2013. The increase in sales of high-end houses...

The sales volume of houses priced above two million has increased by 63% compared with August 2013. Increased sales of high-end homes have attracted some high-profile luxury properties to the market. Hall of Fame baseball star Randy Johnson is selling his mansion. The baseball left fielder is selling his Phoenix mansion for $25 million, and jazz singer George Benson is selling his Paradise Valley home for nearly $3 million. More than 18 homes worth more than $2 million were sold in August this year, compared with 11 last August. In Northeast Phoenix, a total of 238 houses priced at more than $500,000 were sold in August, down 17% from July and down 9% from August last year. The price of luxury homes varies greatly depending on size and location. The current average sales price is US$254 per square foot, a 19% increase from August 2011. The average price of a home in the greater Phoenix area is $124 per square foot. For more information about real estate, please contact Tinna (480)287-0180 E-mail:Goldtrustrealty2010@gmail.com