Top Price Local Real Estate in Phoenix Area $20 Million

PRLog (Press Release) - May 11, 2007 -
Contact: Yvonne S. Barmettler, PLC (480)255-5865 yvonneb@desertfineproperties.com
$155 Million Estate Tops List of
Country's Most Expensive Homes for Sale
Top Price locally is $20 Million
Phoenix, Arizona, May 10, 2007 -- A “spec home” still under construction in Big Sky, Montana tops the list of the 1000 most expensive homes currently on the market in the U.S., according to the just-released Unique Homes magazine's special issue, Ultimate Homes, 2007. Built by Yellowstone Club developer Tim Blixseth, the “Pinnacle” home sits on 160 acres and comes with four 4,000-square-foot guest houses, security and staff quarters, a retractable helipad (with helicopter and pilot lounge), and an underground garage stocked with a fleet of Suburbans.
By comparison, the most expensive home currently listed in the Arizona MLS is a $20 million residence. For $155 million, one could buy almost 8 (eight) of the most expensive homes locally.
"The home prices on this year's Ultimate Homes list reinforce the fact that the national market in luxury properties has generally remained healthy above the $5 million level," said Laurie Moore-Moore, Founder and CEO of The Institute for Luxury Home Marketing, a Dallas-based organization whose members have hundreds of millions of dollars worth of the top properties on the list.
There are currently 3100 properties in the Arizona MLS system priced at a million dollars or more," according to Yvonne Barmettler a member of The Institute for Luxury Home Marketing and an agent with Long Realty Alliance.  
"The number of million-dollar-home sales isn't available yet for 2006," added Barmettler. "However, the number of million dollar homes sold in the country jumped from 10,000 in 1999 to over 109,000 in 2005, a reflection of the growth in the number of wealthy households. Although many marketplaces are seeing slowing appreciation, higher inventories and longer sales time, the top of the luxury market is outperforming the market in general."
New York leads the Ultimate Homes list with the most properties -- 240. Florida follows closely with a total of 234 properties, up from 183 last year, and California drops from second to third place with 205 properties on the list. Overall, thirty four states have properties that made the list. Arizona is represented with 43 homes.  
About Yvonne Barmettler
Integrity, Excellence, Compassion, Leadership and Teamwork. Specializing in marketing of Luxury Properties and Investments. Yvonne has a long standing reputation as a top business and management consultant. www.desertfineproperties.com  With a strong banking and business background Yvonne and her team will work closely with you through out the transaction and with your investments for years to come.