real estate

Report: Luxury homes set record in 2020

85383 is high-end hot spot in Peoria

Luxury home sales over $1 million sky rocketed in metro Phoenix in 2020, according to the Cromford Report.

The luxury market soared after pandemic restrictions were lifted. While they were already up 7.7% over 2019 at the end of June, by the end of December annual luxury sales were up 48.7%, securing an enormous record for 2020 at 2,575 sales over $1 million, the report said.

The 85383 ZIP code, Peoria’s hot spot for luxury homes, contributed to this record.

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