The two most expensive homes sold in Arizona last month are located on the same street in Paradise Valley.

“The market is still moving, just at a more measured pace,” said Phoenix REALTORS® President Sammy Glassman.

Three years after the opening of a large center, ZIP codes retained 66% of their pre-opening active listings, compared to 43% in similar areas without a data center.

Looking ahead, Cotality expects the median price of a home to increase 1.5% through June 2027. 

With strong sales in four Phoenix-area communities, the metro accounted for 6% of all sales in RCLCO’s Top 50.

July’s roundup of the most expensive new listings in Arizona contain treasures like an underground shooting range, a 26-car collector’s garage and a glass elevator.

Nationally, home-price growth topped 1% for the first time in 2026.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

Curb appeal is important to today’s homeowners — that is, they want the exteriors of their homes to appeal to their own preferences and sensibilities rather than those of potential buyers.

Given Arizona’s average home size, buyers in the state pay an average price per square foot of $303.

The triennial survey of 2,000 American residents from the 50 largest metropolitan areas, the National Association of REALTORS® Community and Transportation Preference Survey, found buyers and residents prefer more housing options and communities designed for easy access.

Nationally, home sales in the 51 metro areas surveyed by REMAX showed measured growth of 8.9% month over month and 7.8% year over year, REMAX said. 

The annual and monthly declines of 0.3% and 5.4%, respectively, do not fully capture the geographic variability of market performance. 

A $12 million estate on Camelback Mountain leads the pack among the 10 most expensive homes sold in Arizona last month.

Surprise ranked No. 2 in the country, behind only Palm Bay, Florida; Gilbert ranked No. 3, Yuma ranked No. 5, Peoria ranked No. 6 and Chandler ranked No. 8.

Across Maricopa County, closed home sales increased 9.8% year over year in June, with 4,669 properties sold during the month. In comparison, home sales increased just 3.2% nationally.