The Institute’s Luxury Market Report is your guide to luxury real estate data and trends for North America. Produced monthly, this report provides an in-depth look at the top residential markets across the United States and Canada. Active Members of The Institute receive exclusive access to a deep-dive report with an analysis of all of the included markets.
View Snapshots of Luxury Areas in Arizona Where the Average Home Price is Above $800k
Areas are subject to change month over month given the market. Always reach out to your agent or title company for updated numbers and data.
EXPLORE LUXURY NEIGHBORHOODS
See these featured neighborhoods and what makes luxury home buyers from all over the country flock to these locations in beautiful Arizona. From country clubs, award-winning golf courses and so much more, find neighborhoods that fit your needs. See below to find a certified MyLuxury Agent who can further guide your home search.
FIND AN EXPERIENCED LUXURY AGENT
All MyLuxury agents have experience with multiple deals in the luxury price range. Some agents also have their Certified Luxury Home Marketing Specialist Designation in addition to their luxury real estate education.
INDULGE IN LUXURY
Since 1955 the Annual Scottsdale Arabian Horse Show has set the pace in the Arabian horse world. The first show was held at the grounds of the Arizona Biltmore Hotel which was a beautiful setting for a horse show. The Scottsdale Arabian Horse Show was a first class show from the very first day.
After the show’s beginnings at the Arizona Biltmore, Ann McCormick bought 150 acres in Scottsdale and made it into the horse facility known as Paradise Park which served the needs of the show for many years.
Since that time, the show has been held at WestWorld in Scottsdale. It has grown from 50 horses to nearly 2400 horses bringing top owners, trainers and breeders from around the world competing for a chance at winning. A win at Scottsdale can mean big money in the breeding barns.
The 2022 Scottsdale Arabian Horse Show is proud to benefit these worthwhile charities: Arabian Horsemen’s Distress Fund, Friends of Vail Foundation, Healing Hearts Animal Rescue and Refuge, Horses Help, March of Dimes, Scottsdale Community College, and Youth For Troops.
The Arizona Cardinals are a professional American football team based in the Phoenix metropolitan area. The Cardinals compete in the National Football League (NFL) as a member of the National Football Conference (NFC) West division, and play their home games at State Farm Stadium in the northwestern suburb of Glendale. State Farm Stadium is a multi-purpose stadium in Glendale, Arizona, United States, west of Phoenix. It is the home of the Arizona Cardinals of the National Football League and the annual Fiesta Bowl. State Farm Stadium replaced Sun Devil Stadium in Tempe as the home of the Cardinals.
Centrally located in Scottsdale, AZ Scottsdale Fashion Square is a top shopping destination with more than 240 specialty stores and restaurants. Visit top retailers like Neiman Marcus, Nordstrom, Dillard’s, and Apple and dine at Nobu, Ocean 44, Francine, Toca Madera, and Zinque to name a few.
Among additional shopping and retail options is the more northern option of Kierland Commons; An open-air shopping and dining destination featuring various popular and specialty retail stores, including Chanel Fragrance & Beauty Boutique, Vuori, johnnie-O, Free People Movement, and TravisMathew, along with chef-driven restaurants like Mastro’s Ocean Club, The Greene House, North Italia, Zinc Bistro, Tommy Bahama, The Mission.
Luxury is redefined with the up-scale shopping offered in the Phoenix-Metro. Any shopping center or palm-lined road in the area is full of one-of-a-kind shopping and specialty stores sure to excite all. If you’re taste is for western chic, checkout the multiple shops in the historic Old Town Scottsdale for art, and collectors items native to the area.
DINE IN LUXURY
Helmed by Chef Scott Conant, The Americano is an Italian-inspired steakhouse that is modern in approach and Italian in spirit. With an elevated, yet approachable menu it serves every taste, from fine steaks, such as prime and American Wagyu beef, to freshly made pasta, organic salads, Italian antipasti and Mediterranean seafoods including Italian crudi. The Americano blends a European style of highly personalized, tableside service with contemporary Italian-inspired dining to create an unmistakable, convivial experience within the heart of North Scottsdale. Conant’s culinary vision shares the spotlight with an inventive cocktail program that is playful and intricately devised. The Americano also features a thoughtfully curated selection of 200 distinct wines from iconic, established and emerging Italian and American labels. Hip and humble, the restaurant offers a sophisticated, warm atmosphere adorned with striking custom art and sculptures. The modern supper club style dining room, with cozy crescent-shaped booths, rich leather chairs and butcher-block tables, has a front-row seat to the open kitchen and wood-fired grill where Conant’s team puts on a nightly display.
Voted in 2019 as one of the areas top restaurants, and 202’s Dinner Choice, Ocean 44 is a staple in the Scottsdale area. With seafood towers and craft cocktail to please everyone, this restaurant boasts an incredible wine list, reserve wine list, signature cocktails, beers, scotch, bourbon/whiskey and tequila menus. There is something for everyone for every occasion at Ocean44.
Ocean 44 is seafood reinvented in a vibrant, upscale atmosphere specializing in world-class seafood and the great steaks we are known for at Steak 44. Different than anything we have done in the past, the fine dining atmosphere is second to none, featuring a blend of dining settings ranging from dramatic to intimate.
At the core of the Ocean 44 menu is our chef-sourced, highest graded sustainable fresh seafood from around the world, like oysters, lobster, and more. Seafood entrees are enhanced with unique and interesting appetizers and side dishes that go beyond the traditional seafood menu. Ocean 44 brings a vibrant and contemporary atmosphere to the Scottsdale fine dining scene.
READ MORE ON LUXURY
What it Means to be a Trusted Advisor in Luxury Real Estate
Adopting the right mindset is the key to successfully positioning yourself as a trusted advisor. While the transaction itself is important it is how you help your client that will change their perception of your expertise and build their trust.
15 Descriptive Words Your REALTOR Should Use When Selling Your Luxury Home
As a luxury real estate professional, you know that even the most incredible homes don’t sell themselves. Many components go into the listing, marketing, and selling of a property in the luxury market, such as furniture staging, adequate lighting, and high-quality photos and videos. Yet, all these components will not shine without a carefully crafted listing description to promote the property.
A $19.445 Million Home With Its Own Vineyard Becomes Sedona’s Priciest Listing
The roughly 57-acre property has frontage on Oak Creek and sits next to the Coconino National Forest. If the property sells at or near its asking price, it will be the most expensive home sale recorded in the Sedona area, according to the selling agent.
Step Into 'Bridgerton' in These Stunning English Estates
Mansion Global’s Liz Lucking shows viewers various English estates that give fans a real world look at the 18th century estates that grace the English countryside.
'Game of Thrones' Meets 'Harry Potter' in This Fantsdy-Filled Beverly Hills Home
The couple, both 32, have spent several years and roughly $4 million turning their chateau-style Beverly Hills home into a novelty-filled paradise reflecting their love of fantasy and magic. The living room contains a replica of the spiked iron throne from HBO’s “Game of Thrones.” The bar has a “Harry Potter”-themed apothecary cabinet, and the backyard is modeled after “Alice in Wonderland.”
4 Luxury Home Staging Trends for 2023
Anyone associated with the real estate market knows well that trends ebb and flow based on a variety of outside factors, from the seasons to the state of the economy. Design preferences tend to fluctuate rapidly and luxury real estate professionals must stay attuned to emerging styles. Individuality is key — long gone are the days of formulaic interiors and bland decor. In order to guide sellers and buyers properly, we have identified a short list of luxury home staging trends that will be important this year. Working with an experienced stager can help you maximize your impact as a well-informed and highly insightful luxury real estate professional in your market.
Become a Dominant Force in Your Luxury Real Estate Market
Real estate agents should recognize that homeowner’s needs are very different from as little as two years ago, and the current market has shown that the affluent will continue to drive demand for real estate. Download your complimentary guide on how to be a dominant force in the luxury real estate market.