of Russ Lyon Sotheby's International Realty represented the buyer, the Post Family Trust.
The residence also features a theater room, an infinity pool with an 8-foot limestone waterfall and upper deck with views of Mummy Mountain, Phoenix Mountains Preserve and Camelback Mountain.Levinson said she received a few offers on the home.While the deal wasn't an all-cash transaction, the buyer had already qualified for a loan, she said.A recent report from Redfin showed sales of luxury homes across the nation fell 38.1% year over year during the three months ended Nov.
In the key luxury markets of Paradise Valley and north Scottsdale, the number of sales during that time period — the three months ended Nov. 30 — dropped significantly, she said."Yet our sales prices in this time period have remained generally stable," she said."That is likely due to the fact that in the ultra-luxury markets of Paradise Valley and north Scottsdale — [and] Paradise Valley in particular — expansion is limited geographically.
"Time will tell if this continues," Levinson said."It may perhaps be a return to the typical seasonal ebbs and flows of our market. What I can say is that right now I am fielding calls from ultra-high net worth individuals from around the country who are coming to visit and are still interested in purchasing homes."of The Grigg's Group attributes a slowdown of the metro Phoenix luxury market to current inventory.
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