is poised to close on five luxury homes in Scottsdale and Paradise Valley within the next two weeks.
It felt like a normal, pre-pandemic summer, he said, where many of his clients finally took their trips to Europe after putting them on hold during travel restrictions created by the coronavirus pandemic., owner of Scottsdale-based Cullum Homes, said his sales team stopped getting calls in May, and didn't see interest pick up until September.
Cullum said he hasn't seen any price degradation in the luxury market, but many homebuilders are lowering their prices and offering incentives for homes priced under $1 million.
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