{"id":10300,"date":"2020-12-21T20:48:17","date_gmt":"2020-12-22T03:48:17","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=10300"},"modified":"2020-12-21T20:51:42","modified_gmt":"2020-12-22T03:51:42","slug":"this-is-where-phoenix-ranks-in-the-u-s-luxury-real-estate-market","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/in-house-news\/this-is-where-phoenix-ranks-in-the-u-s-luxury-real-estate-market","title":{"rendered":"This is Where Phoenix Ranks in the U.S. Luxury Real Estate Market"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Ever wonder what it costs to buy a luxury property in a U.S. city? <\/p>\n\n\n\n

It differs according to where you’re looking, of course. myaffordableluxury.com<\/a> recently collected data from Redfin and Zillow to access what truly makes a luxury property in some of the largest cities in the country.<\/p>\n\n\n\n

Despite a difficult start to the year, the general housing market has remained steadfast and continues to grow, with Realtor.com<\/a> citing a median home listing price of $350,000, which is up 12.2% YOY in October.<\/p>\n\n\n\n

After looking at the top 10% of listings, each with a price of at least $500,000, myaffordableluxury.com then ranked all cities based on the highest threshold necessary for a home to be labeled as a luxury property in its given location.<\/p>\n\n\n\n

With a Scottsdale mansion selling for a cool, record-breaking $24.1 million<\/a> in the exclusive Silverleaf community this past fall, it comes as no surprise that Phoenix ranks within the top 20 U.S. luxury real estate markets, coming in at number 17 with a starting price point of $1,275,000.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

View the full report on “What Buys You a Luxury Property in America\u2019s Largest Cities” here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Ever wonder what it costs to buy a luxury property in a U.S. city? It differs according to…\n","protected":false},"author":13,"featured_media":10302,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[6],"tags":[4895,2822,2273],"class_list":{"0":"post-10300","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-in-house-news","8":"tag-luxury-homes-phoenix","9":"tag-luxury-living-phoenix","10":"tag-phoenix-real-estate","11":"cs-entry","12":"cs-video-wrap"},"yoast_head":"\nThis is Where Phoenix Ranks in the U.S. Luxury Real Estate Market<\/title>\n<meta name=\"description\" content=\"Ever wonder what it costs to buy a luxury property in a U.S. city? 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