Phoenix has loved a rising inhabitants for many years, with a significant increase from 2010-2020 that helped it grow to be the fifth-largest metropolis within the nation. Individuals are drawn to the delicate winters, dry warmth, and desert way of life.
Like most different Solar Belt cities, Phoenix exploded in reputation in the course of the pandemic, which reworked the housing market from lukewarm to red-hot. Costs rose by 167% from January 2020 to Could 2022, as patrons snatched up each property they might. Fortunately, a wholesome provide of latest housing helped costs from rising too excessive, and have lately helped costs cool.
One other main issue: A rapidly warming local weather. Months of 100° temperatures have grow to be frequent, with every day data a daily incidence. This warmth is turning into insufferable for some, pushing them out of the town.
Even so, luxurious properties proceed to promote, as high-end desert dwelling stays engaging to upscale patrons. Right here have been the costliest residence gross sales in Phoenix in Could, in response to information from Redfin.
The most costly residence gross sales in Phoenix: Could 2025
1. 7140 N fortieth St. #12, Paradise Valley, AZ 85253
Sale worth: $16,852,600
Record worth: $16,200,000
This just-completed “Jade” residence in Crown Canyon spans 8,132 sq. toes with 4 bedrooms, 6 bogs, hovering 20-foot ceilings, and an elevator.
Sale worth: $11,466,089
Record worth: $11,466,089
This 8,000-square-foot customized residence on the base of Camelback Mountain options 4 beds, 4.5 baths, a wellness suite, and a car-bar basement. Features a chef’s kitchen, elevator, and views of the golf course and mountains.
Sale worth: $8,593,000
Record worth: $8,900,000
A 5,900-square-foot property close to Camelback Mountain with 4 beds, 5.5 baths, a visitor home, and dramatic wood-slat ceilings. The house gives smart-home tech and indoor-outdoor dwelling with mountain views.
Sale worth: $7,400,000
Record worth: $7,750,000
It is a new 6,200-square-foot Paradise Valley residence with 4 beds, 4.5 baths, hovering ceilings, and European oak flooring. Disappearing glass partitions open to mountain and metropolis views.
Sale worth: $6,546,089
Record worth: $6,546,089
On the base of Camelback Mountain, this 4,600-square-foot customized residence options 4 beds, 4.5 baths, a visitor casita, and an elevator. Highlights embody a chef’s kitchen, golf course, and mountain views.
Sale worth: $6,500,000
Record worth: $6,500,000
It is a fashionable Paradise Valley masterpiece spanning 4,258 sq. toes with 3 bedrooms, 3.5 baths, and a dramatic mix of glass, metal, and polished concrete.
Sale worth: $6,450,000
Record worth: $8,250,000
This 6,800-square-foot customized Arcadia property consists of 5 bedrooms, 5.5 baths, a visitor home, and views of Camelback Mountain. It includes a chef’s kitchen, hovering ceilings, and a resort-style yard with a pool and spa.
Sale worth: $5,200,000
Record worth: $5,500,000
On a one-acre lot close to Camelback Mountain, this 5,000-square-foot residence options 5 en-suite bedrooms, a visitor casita, and partitions of glass.
Sale worth: $4,400,000
Record worth: $4,700,000
This reworked 1936 adobe property sits on 1.4 acres alongside Murphy Bridle Path and consists of 5 bedrooms, 5.5 baths, and a visitor home.
Sale worth: $4,225,000
Record worth: $4,225,000
Situated on the base of Camelback Mountain, this 2,710-square-foot rental options 2 bedrooms, 2.5 baths, and personal elevator entry.
