Record Paradise Valley Spec Home

The Arizona Republic reports that a spec home that MRA Custom Homes was building in Paradise Valley has sold for a record $11.4 million to Kent Mueller, a high-tech entrepreneur. The old record price was $9.6 million. "Prices are just going to go up," said Walt Danley, the Coldwell Banker agent who listed the Mueller home. "Just the lot value alone is changing every week....It may seem like sticker shock, but when people come over from California to Paradise Valley, they say. 'Look how much value you get for your money.'" More...