LUXURYHOMEQUARTERLY LUXURYHOMEQUARTERLY APRIL 2013 Dorette Oppong-Takyi is a Luxury Home Specialist in Phoenix AZ, USA A member of the Institute for Luxury Home Marketing Luxury Market Quarterly Update Phoenix, Arizona - First Qtr 2013 By Dorette Oppong-Takyi The Phoenix Luxury Home Market showed a more positive sign than it did the same time last year. This past quarter, there were 2,678 new luxury homes and condos priced $500,000 or more that were put on the market for sale. This was about a 30% increase from only 2,045 luxury properties that came up for sale, same time last year. 3510 luxury homes were on the market for sale during the 1st Qtr of 2013. Most were priced less than $1,000,000 with 1552 of the luxury homes and condos priced higher than $1,000,000. Number of New Luxury Homes listed for sale Q1 2013 Price Range $1,000,000 to $1,499,999 $1,500,000 to $1,999,999 $2,000,000 to $2,999,999 $3,000,000 to $3,999,999 $4,000,000 to $4,999,999 $5,000,000 plus # listed 554 483 272 118 46 79 1