{"id":12021,"date":"2021-06-06T08:23:00","date_gmt":"2021-06-06T15:23:00","guid":{"rendered":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/?p=12021"},"modified":"2021-06-03T09:01:49","modified_gmt":"2021-06-03T16:01:49","slug":"high-end-home-sales-surge-nearly-twofold-to-sales-of-mid-priced-homes-report","status":"publish","type":"post","link":"https:\/\/www.arizonafoothillsmagazine.com\/in-house\/in-house-news\/high-end-home-sales-surge-nearly-twofold-to-sales-of-mid-priced-homes-report","title":{"rendered":"High-End Home Sales Surge Nearly Twofold to Sales of Mid-Priced Homes, Report"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Purchases of high-end homes in the U.S. jumped 26 percent year over year since the end of April, according to a report<\/a> by the real estate brokerage firm Redfin.<\/p>\n\n\n\n

High-end home prices rose in all of the 50 most populous U.S. metropolitan areas, which outpaced the 17.8% gain in purchases of affordable homes and the 14.8% increase in purchases of mid-priced homes.<\/p>\n\n\n\n

Austin, TX<\/a>\u00a0led the way with a 24.1% jump, followed by\u00a0San Diego, CA<\/a>\u00a0(+18%),\u00a0Miami<\/a>\u00a0(+17.7%),\u00a0West Palm Beach, FL<\/a>\u00a0(17.6%) and\u00a0Phoenix<\/a>\u00a0(+17.2%).<\/p>\n\n\n\n

\u201cIn the high-end market, we\u2019re not only seeing multiple offers\u2014we\u2019re seeing buyers waiving appraisal and inspection contingencies, which doesn\u2019t normally happen. The biggest driver is the influx of people from California. Still, competition remains toughest for buyers of affordable and mid-priced homes.\u201d<\/p>\u2014Vincent Shook, a Phoenix-based Redfin real estate agent<\/cite><\/blockquote>\n\n\n\n

Many of the metros at the top of this list are popular destinations for people who have left big cities in search of relative affordability, space and\/or sunshine during the pandemic.\u00a0Phoenix<\/a>\u00a0was the\u00a0number-one\u00a0destination for Redfin.com users looking to move to a different area in April, with\u00a0Austin\u00a0and\u00a0Miami\u00a0not far behind. That\u2019s based on net inflow\u2014a measure of how many more Redfin.com home searchers looked to move into a metro than leave.<\/p>\n\n\n\n

Read the full report here<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Phoenix saw one of the greatest jumps in high-end home sales.\n","protected":false},"author":13,"featured_media":12025,"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":[1648,5062,2375,4275],"class_list":{"0":"post-12021","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-in-house-news","8":"tag-featured","9":"tag-high-end-homes","10":"tag-luxury-homes","11":"tag-real-estate-trends","12":"cs-entry","13":"cs-video-wrap"},"yoast_head":"\nHigh-End Home Sales Surge Nearly Twofold to Sales of Mid-Priced Homes, Report<\/title>\n<meta name=\"description\" content=\"Phoenix saw one of the greatest jumps in 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