Luxury-home sales are picking up in Scottsdale and Paradise Valley after nearly two years of high inventories, but there's still a number left on the market. The upscale cities combined have sold slightly more than 200 homes priced at $1 million or more.

Hard times in the housing market have put real estate-related firms into survival mode, but many are still expanding their staffs and finding ways to take advantage of new niches.

For the rich and famous, there is no slump in the real estate market. According to Multiple Listing Services numbers supplied by Scottsdale luxury homebuilder Calvis Wyant, sales of homes of more than $3 million are up so far in 2006 compared with the last two years.

Sales of luxury properties are still strong in some areas of the Valley, despite recent concerns over the impact of tightened lending standards on the upper-end housing market.

Seventy percent of the 52 residential villas under construction at the Arizona Grand Resort in Phoenix have already been snapped up by buyers.

UTAZ Development Corp. has announced a new commercial real estate concept: luxury medical per diem offices.The offices range from 2,000 to 2,200 square feet, and lease terms can be as short as six months and as long as two years.

Remember when bathtubs in the master bathroom were considered a luxury, sunken living rooms were hip and small closets were standard?

Fulton Homes announced the grand opening of its first property to offer move-in costs as low as $750.

More than 50,000 existing homes are currently on the market in the Valley. But if some of you potential buyers out there feel you still don’t have enough options, there are plenty more on the way.

Arizona’s reputation as a destination for resorts, golf courses and plush vacation homes has caught the attention of a prestigious real estate company that caters to the global wealthy elite.

When three Scottsdale businessmen teamed up to start a real estate company in late 2005, the housing market was starting a downward spiral.

Many industries are rebounding from the Great Recession by producing more modest versions of their product to meet consumer demands, but the Valley’s resurgent apartment sector is bucking that trend with new units that feature everything from Roman soaking tubs to granite countertops.

PALM BEACH, Fla. - Donald Trump’s property for sale here has all the big-time extras one might expect. Pricey marble and 24-karat gold fixtures decorate bathrooms. There’s a gargantuan fountain in the driveway and 475 feet of oceanfront out back.

Retailers and Realtors can watch the scenery go by both inside and outside their cars as they scope out sites for new supermarkets or shopping malls.

May 24, 2004

A new Paradise Valley resort welcomed the first residents into its luxury-home community last month.

With Scottsdale and Paradise Valley leading the way, Arizona became one of the seven states with over $1 billion in sales of luxury homes during 2005.

The Valley's housing market may be sluggish, but a recent sale proves multimillion-dollar deals are still getting done.

By pricing their energy-efficient homes aggressively, two East Valley men have developed a business partnership in combination with their friendship.

Two fierce competitors in the Valley's luxury real estate market have joined forces.

Bill Yakobovich’s ritzy north Scottsdale estate sat vacant for nearly five months before he decided to ditch his real estate agent and put the home up for auction.

A Scottsdale-based builder opened sales this month at a massive gated community in the Queen Creek area.

Since the residential real estate meltdown hit the Valley, neither low prices nor low interest rates have been enough to excite enough potential homeowners to trigger a rebound.