Million-Dollar Homes Spread Across Central Arizona

The Valley's luxury home market is growing...

The Arizona Republic reports that a home selling for $1 million or more in metro Phoenix used to be a big deal. Now, houses are selling for seven figures in most area communities. More than 1,600 houses with price tags for at least $1 million are listed for sale across metro Phoenix, according to the Arizona Regional MLS.

Nationally, for the first time, there are more than 1 million homes worth $1 million or more, according to the Census Bureau, During the first nine months of 2005, 1,405 homes priced at $1 million or more had changed hands in metro Phoenix, according to Coldwell Banker and the MLS. More...

Most of the Valley's million dollar homes are in Paradise Valley, the Biltmore area or North Scottsdale, but they are also showing up in all Valley communities.