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

"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."

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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
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