In luxury markets across the globe, buyers are taking a closer look at slightly more out-of-the-way destinations that may offer a bit more value, after a booming real estate market saw prices skyrocket. Two high-demand luxury destinations are Scottsdale and Paradise Valley near Phoenix, Arizona. Buyers are moving to these two cities for the lifestyle and jobs are following.
This section of the 2023 Luxury Outlook report, explores some of the destinations experiencing growth as a result of Buyers changing needs including Scottsdale and Paradise Valley. I hope that this compilation of research and industry perspectives, exclusively presented by Sotheby’s International Realty, helps you as you look to invest you equity wisely in the year ahead.