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03/31/07
Elite neighborhoods start strong in 2007
Filed under: General, Real Estate
Posted by: Lillian Wong @ 5:19 pm

The luster didn’t wear off metropolitan Phoenix’s million-dollar home market last year, even though the sag in mainstream housing prompted some hard bargaining in Paradise Valley, north Scottsdale and the Valley’s other elite neighborhoods. Agents who work the big-money market say there are plenty of buyers even though rising prices are redefining what constitutes the area’s elite market. They say they are seeing fewer investors, and most of their buyers are people who want to live in the houses. Buyers are negotiating hard on prices, but agents say the market is in good shape.  More…

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