Written by Emila Smith
Despite the chaos of the pandemic and the subsequent economic uncertainty that ensued, many property markets experienced only a temporary dip in transactions followed by a boom in buyer demand – and Arizona has been no exception.
In fact, according to a 2020 market watch report by ARMLS (Arizona Regional Multiple Listing Service), homes in Maricopa County, AZ, were spending an average of just 24 days on the market – almost 18% less year-on-year from the covid-free conditions of 2019.
Arizona 2021 Real Estate Forecast
That trend is showing no signs of changing into 2021. Homes in Phoenix have gone up almost 13% in value over the last year, and are expected to continue rising by another 8% throughout 2021.
Most realtors agree that there will not be a housing market crash in Arizona in 2021, with the Phoenix-Mesa-Scottsdale metro area showing a strong recovery from the ravages of early Covid market conditions.
Realtor.com’s forecast predicts that Valley home sales will likely surge in 2021, by as much as 11% year-on-year from 2020 – the eleventh largest predicted increase across the top 100 metro areas in the country. Arizona is tipped to be one of the hottest 2021 property markets in the nation.
So, with the property scene set for a scorching summer in Arizona, let’s take a look at five of the most lust-worthy properties currently on the market in Arizona.
This stunning private estate is situated on almost five acres behind private gates and is the ultimate in privacy and luxury. This magnificent 15,000+ sq. ft. home was architecturally designed with French limestone and French Oak flooring throughout.
The property features a large gym and a six-car air-conditioned garage. Heated flooring and steam showers in the bathrooms are just some of its indoor luxuries, whilst the spectacular settings for outdoor entertaining feature everything from a deep diving pool, spa, kitchen, firepit, ceiling heaters, and more.
The property also boasts a fully equipped guest house with its own secluded outdoor oasis.
Another magnificent property nestled within the Silverleaf Estate is this 13,111 sq. ft. masterpiece boasting six-ensuited bedrooms and eight bathrooms on nine glorious acres and backdropped by the beautiful McDowell Mountains. This property is designed with a timeless California-style estate feel, with a gated, private entrance and an extended driveway that leads to a grand motor court. It’s truly hard to know where to begin with this stunning home.
With a chef’s kitchen, games room, butler’s pantry, and wine room, formal and informal living areas, and lavish guest quarters, it doesn’t get better than this for grand entertaining. For relaxing living, the master wing features a retreat with separate his and her bath and dressing rooms, steam showers, and even a massage room.
With no less than 13 limestone surrounded fireplaces, there is no shortage of comfortable areas to unwind, perhaps after a dip in the incredible pool and spa.
With views across Camelback Mountain, this fabulous 25,000 sq. ft. overlooks a stunning terraced cascading pool and beautifully manicured grounds. With exquisite mahogany cabinetry and exposed ceilings, this two storey high living space was built to commercial standards. The two-bedroom master suite features a sitting room plus his and hers bathrooms and closets.
A gourmet kitchen with magnificent marble floors and center islands opens up to a 1,750 sq. ft. family area, a 12 seat theatre, wine room, lounge bar, and an extraordinary two-story library. There is also a 25 person elevator and a shooting range, quite the grand entertainer.
This modern, sophisticated masterpiece spans over 12,000 sq. ft with expanding views from all rooms.
The cutting-edge kitchen is a sleek design with premium fixtures and finishes including custom Italian cabinetry. Minimalist walls of glass allow you to enjoy the spectacular views from this cosmopolitan residence. An entertainer’s dream awaits on the lower levels with an expansive game/media space, walk-in glass wine cellar, separate home theater, and even an indoor half basketball court.
A chic paradise in Paradise Valley, this impressive 20,000 sq. ft. home in Bella Paradiso exudes elegance. The property boasts 7 ensuite bedrooms, 13 bathrooms, 3 full bars, media and game rooms, a private office, and no less than 7 fireplaces throughout.
The striking staircase and open concept kitchen with oversized butler’s pantry and dual island make for an entertainer’s dream. There is also an indoor basketball court and a huge entertaining area.
The breathtaking views, sweeping staircases, and elegant finishes really encapsulate the beauty and sophistication of this home.