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October 2010 Luxury Homes Sales Greater Phoenix - How the property was purchased

October 2010 Luxury Homes Sales Greater Phoenix - How the property was purchased and what to expect in this luxury home market

PRLog - Nov. 7, 2010 - PARADISE VALLEY, Ariz. -- In the month of October the greater Phoenix market had 76 total luxury homes sold priced from $800,000 - over $3,000,000. 42% of the homes were purchased with cash, 57% were purchased with conventional loan, and only 1% was purchased with creative financing.  This is a clear indication that the luxury home market is picking up. We will still continue to see bank owned homes and short sales come on the market but I believe buyers are starting to look now and willing to buy if the right home comes on the market.  Our luxury home market has become a beauty contest along with price wars!

Click link to see chart = http://public.superlativehost11.com/BlogDetail.aspx?id=7656&htmlfile=625814.html

Thank you!

Juan Pesqueira
Realtor, Appraiser
Distressed Property, Relocation, Investments, Luxury Home Sales
Prudential American Associates Real Estate
8930 E Raintree DR Suite 200
Scottsdale, AZ 85260
Direct Cell 480-458-8007
email: pesqueira2@cox.net

Of all the decisions you will face when buying or selling a home, there is none more important than the person you choose to represent you! Choose carefully

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Source:Juan Pesqueira - Prudential American Associates
Location:Paradise Valley - Arizona - United States
Industry:Real Estate
Tags:luxury homes in phoenix, paradise valley, scottsdale, selling a luxury home, buying a luxury home, market update
Last Updated:Nov 09, 2010
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