Jinxin Real Estate News: Phoenix real estate high-end market begins to recover

Jinxin Real Estate News: Phoenix real estate high-end market begins to recover Phoenix real estate analysts have launched a monthly report on the high-end real estate market. The latest data shows that...

Jinxin Real Estate News: Phoenix real estate high-end market begins to recover Phoenix real estate analysts have launched a monthly report on the high-end real estate market. The latest data shows that the number of short-sale homes in the high-end market, priced at more than $500,000, has dropped by 38% from a year ago, and the number of high-end bank-owned houses has dropped by 47%. Data shows Phoenix's high-end housing market is starting to recover. According to the Arizona Multi-Purpose Search System, there were 176 homes in Phoenix that sold for more than $500,000 in September. Demand for new homes in the greater Phoenix area has doubled from last year, and builders are starting to build new homes. Maracay Apartments opens up new community in Queen Creek. The project features six new home designs ranging in size from 2,968 to 5,276 square feet. Prices start from 300,000. The popular Gainey Ranch in the heart of Scottsdale will undergo a $1 million renovation. The money will be used to create a new brand for the community, while also introducing 700 palm trees, a new sustainable landscape water system, handcrafted McDowell Mountain views, and new lighting systems. The high-end market broke the silence and started to take off. For more information about real estate, please contact Tinna of Goldtrust Realty (480)287-0180 E-mail:Goldtrustrealty2010@gmail.com