News Formal

Valley luxury home sales cool: Is the metro headed for a buyer's market?

  • 📰 abc15
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The buying frenzy in the Valley's luxury home market appears to have ended, but the market doesn't appear to be dead. abc15

"I don't feel the market is dead in any way," said Robert Joffe, co-founder of Launch Real Estate."There's just no question it's a complete slowdown from what it was, but I feel we are in a balanced market right now, almost leaning toward a buyer's market."

Luxury home deals are still closing, he said, adding that he just entered escrow this weekend for a $3.5 million home in Arcadia, representing $875 a square foot. "It didn't even hit the market, and they had two offers on it," he said."Deals are still getting done."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 263. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Valley investment firm plans Arizona's first cricket stadium in the West ValleyThe Phoenix metro could soon be home to the one of the largest cricket stadiums in the country as the sport continues rising in popularity across the U.S. Who loves cricket? Anybody? Yeah, let’s waste more water on that nonsense. WTF are these people thinking? A single driveway for a couple thousand parking spaces? Seems well thought out. /s
Source: abc15 - 🏆 263. / 63 Read more »