Middle-income seniors stand to be affected most by projected shortages — those who don’t qualify for subsidized housing but can’t afford new construction.

These are the five most expensive homes sold in Arizona in 2025, as well as the agents responsible for the transactions.

Affordability challenges continue to bedevil homebuyers, despite mortgage rates falling to a three-year low, the National Association of Home Builders reported. 

The priciest Arizona home sold in December was a $16.25 million estate with views of the Camelback Mountains.

Sales of existing homes jumped 5.1% month over month, topping analyst expectations. 

Two agents from Realty ONE Group — Joan Levinson and Joshua Peters — are responsible for the four most expensive new listings in Arizona.

Contract signings were up in all four U.S. regions. 

Two penthouses in Scottsdale’s ICON at Silverleaf community were among the 10 most expensive homes sold in Arizona in November.

The NAHB’s monthly survey found the nation’s homebuilders remain optimistic about home sales next year. 

Scottsdale residents are very philanthropic with their hard-earned money, with the 10th-highest rate of online charity donations and the 15th-highest amount of volunteer hours.

Geographically, trends varied widely, with formerly hot areas like Florida and the Southeast posting the deepest declines and formerly cool areas, like the Midwest, showing healthy gains.

Mansions in Scottsdale and Paradise Valley make up the 10 most expensive new listings in Arizona.

By region, sales rose in the Midwest, Northeast and South but fell in the West. 

Income growth surpassed rental growth in 37 of the largest 50 U.S. metros this October — including Phoenix, according to new research from Zillow.    The typical asking rent for an average rental unit decreased 0.7% to $1,763. Meanwhile,

The largest project in The Valley’s pipeline is Kierland Sky, a Scottsdale adaptive-reuse project that will convert office space into 420 apartments.

The chief economist for the National Association of REALTORS® also predicts home prices will climb 4% compared to 2025.