Looking to Move-Up to a Luxury Home? Now’s the Time!

Looking to Move-Up to a Luxury Home? Now’s the Time! | Simplifying The Market

If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! We recently shared data from Trulia’s Market Mismatch Study which showed that in today’s premium home market, buyers are in control. 

The inventory of homes for sale in the luxury market far exceeds those searching to purchase these properties in many areas of the country. This means that homes are often staying on the market longer, or can be found at a discount.

Those who have a starter or trade-up home to sell will find buyers competing, and often entering bidding wars, to be able to call your house their new home.

The sale of your starter or trade-up house will aid in coming up with a larger down payment for your new luxury home. Even a 5% down payment on a million-dollar home is $50,000.

But not all who are buying luxury properties have a home to sell first.

In a recent Washington post article, Daryl Judy, an associate broker with Washington Fine Properties, gave some insight into what many millennials are choosing to do:

“Some high-earning millennials save money until they are in their early 30s to buy a place and just skip over that starter-home phase. They’ll stay in an apartment until they can afford to pay for the place they want.”

Bottom Line

The best time to sell anything is when demand is high and supply is low. If you are currently in a starter or trade-up house that no longer fits your needs, and are looking to step into a luxury home… Now’s the time to list your house for sale and make your dreams come true.  Give me a call for a no-cost, no-obligation consultation – J.P. Cook – 602-320-4253.

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517 W Granada Road Phoenix, AZ 85003

$1,400,000
4 Beds
3 Baths
2,262 SqFt
Status Active
MLS # 6782129
Property Type Single Family Residence
Price Type --
Step into a piece of history with this meticulously remodeled 1941 home nestled in the highly sought-after Willo Historic District. This residence perfectly blends timeless charm with contemporary elegance while honoring its rich heritage. The heart of this home is the expansive, fully remodeled, open kitchen and two living areas, designed for both family gatherings and entertaining guests. The chef's kitchen is a true showstopper, featuring custom walnut cabinetry, a large kitchen island with soapstone countertops, custom tile work and a separate beverage fridge. Culinary enthusiasts will appreciate the premium Bertazzoni gas range. The primary suite is fantastic with its elegantly appointed bath, double sinks, large shower and large walk-in closet and doors to the outdoor living room. The split floorplan with three additional bedrooms and 2 more baths offers flexibility for a growing family, home office, or guest quarters. The home's bathrooms have all been completely remodeled with modern touches, blending style and functionality. The outdoor living room is perfect for al fresco dining, morning coffee, or evening cocktails in front of the TV and outdoor fireplace. Enjoy peace of mind with all new plumbing, electrical, windows, roof and sewer line. This home truly offers the best of both worlds: the character and craftsmanship of the past with the convenience and style of today. Willo Historic District is renowned for its annual home tour, where residents open their doors to showcase the neighborhood's unique architectural styles. Living here means becoming part of a tight-knit community that values preservation and pride of ownership.

6523 E Lonesome Trail Cave Creek, AZ 85331

$1,400,000
4 Beds
3.5 Baths
3,595 SqFt
Status Active
MLS # 6771859
Property Type Single Family Residence
Price Type --
Stunning views, exceptional quality paired with an abundance of space and privacy! No HOA providing freedom for horses, garage addition, bar, or entertaining space. The home is built with timeless finishes, quality construction, single level four bedroom (dual primary suites), three & a half bath, and three car garage. Enjoy mountain views and sunsets from the roof top view deck, gated/stucco privacy yard, indigenous wash which emphasize the serene desert solitude. This home is located on County Island, and can be used as an Airbnb or VRBO. You do not want to miss this Cave Creek gem! Seller willing to carry / Seller Financing Available 20% down INTEREST ONLY / 5% / 2 year balloon.

2003 E Clubhouse Drive Phoenix, AZ 85048

$1,400,000
5 Beds
3.5 Baths
3,812 SqFt
Status Active
MLS # 6773388
Property Type Single Family Residence
Price Type --
Prepare to be amazed! Check out this wonderful 4 bed, 3.5 bath residence now on the market! Great curb appeal, a manicured landscape w/lush natural turf, a 5 CAR GARAGE w/built-in cabinets, and a paver driveway are just the beginning. Discover a spacious living area w/soaring ceilings, luxurious fixtures, plantation shutters, and custom palette throughout. Continue into the large family room, featuring a wood-burning fireplace to keep you warm during the chilly winter months. The gorgeous kitchen is equipped w/everything the aspiring chef needs, espresso cabinetry, granite counters, tile backsplash, pantry, subzero appliances, large island, and a breakfast nook w/a serving window & bar. Double doors open up to the primary bedroom, showcasing private outdoor access, a 2nd fireplace, a walk-in closet, and a lavish ensuite w/dual sinks. Upstairs you will find your very own private theater room with Dolby Atmos surround sound and 140 screen, a wet bar w/ balcony access, perfect for movie nights w/friends & loved ones! Lastly, the resort-like backyard includes a covered patio, view fence, extended seating pool side in the walk down gazebo w/a built-in BBQ, hot tub, and a sparkling blue pool w/a rock waterfall & additional water features, lights and fire features! Cozy up to the fire pit on cold nights and take in the amazing views all around. Home features full ensuite of home automation control for everything from all the interior lights and fans to all the pool features.

615 W University Drive Mesa, AZ 85201

$1,400,000
3 Beds
1.5 Baths
1,386 SqFt
Status Active
MLS # 6774011
Property Type Single Family Residence
Price Type --
Prime Multi-Family Development Opportunity in Downtown Mesa's Sought-After Opportunity Zone! Located on a generous 1.33-acre lot at 615 W University Dr, this property offers an exceptional chance for developers. Significant progress has already been made with architectural plans and City approvals for a 27-townhome project. This unique lot, which spans from North Date to North Kosick, consists of five parcels, offering extensive frontage along University Drive. Ideally positioned just one block north of downtown Mesa and the light rail, this property is also minutes from major freeways, the ASU campus, schools, and various shops.

22873 S 193rd Street Queen Creek, AZ 85142

$1,400,000
5 Beds
3 Baths
3,440 SqFt
Status Active
MLS # 6779387
Property Type Single Family Residence
Price Type --
This beautiful red brick home sits on a city acre and is just as gorgeous on the inside as the outside. It has been completely remodeled with stunning features great for hosting. This 5 bed, 3 bath 1 story with a split floorplan has 2 living spaces, new flooring, cabinetry, doors, & completely remodeled Bathrooms with high end finishes throughout. The kitchen was awarded the ''Showcase Your Space'' 2021 Remodel of the Year by Capitol Mark Interiors & includes custom cabinetry, upgraded appliances, satin bronze hardware, & Zellige back splash. The backyard feels like a resort with new stone patio, fireplace with TV, limestone counter BBQ, sparkling pool, firepit with tons of seating and gathering spots. The RV Gate allows easy access for additional driveway, Casita, or Detached Garage.

7026 E Warner Road Tempe, AZ 85284

$1,400,000
5 Beds
5 Baths
5,500 SqFt
Status Active
MLS # 6780197
Property Type Single Family Residence
Price Type --
INVESTOR OPPORTUNITY in a highly sought after location in Tempe. City approved easement on the west side of the properties for access to the North lot; Renovate the existing home or build one large residence. This is a rare opportunity with a variety of possibilities, in a prime Tempe location.

10602 W Electra Lane Peoria, AZ 85383

$1,400,000
6 Beds
5 Baths
3,386 SqFt
Status Active
MLS # 6784168
Property Type Single Family Residence
Price Type --
Welcome Home! This stunning property has it all, offering a main home with 3,035 sqft of living space, 5 spacious bedrooms, and 4.5 bathrooms, plus a separate 351 sqft bedroom and bath within the RV garage—ideal for guests or a private office suite. Step into an incredible chef's kitchen featuring a massive island and a folding glass wall that seamlessly connects indoor and outdoor living. The resort-style backyard is truly one-of-a-kind, boasting a luxurious infinity-edge pool and spa, an outdoor living area with a built-in BBQ and fireplace, and a putting green for a bit of friendly competition. The impressive RV garage, equipped with a 220 outlet, provides a 50x16.5 space on the RV side, with a large storage area above the office. This property blends elegance, convenience, and functionality to create an unforgettable living experience. Don't miss the chance to make it yours!

5516 W Melinda Lane Glendale, AZ 85308

$1,400,000
5 Beds
4.5 Baths
4,100 SqFt
Status Active
MLS # 6785183
Property Type Single Family Residence
Price Type --
Rare Find in Arrowhead Lakes! An Entertainers Dream Home by AslanHomesUSA. This forthcoming to-be-built home Includes architectural plans fully approved by HOA design committee. Buyer can take over with builder and choose all finishes. Please note, Photos provided to illustrate approximate finished appearance. Back yard photos are from a neighboring home for reference. Nestled against the mountainside, this coveted lot offers a perfect blend of natural beauty and urban convenience. Your backyard? A serene mountain escape with hiking and biking trails steps away. Stunning views of the city skyline, sparkling lakes, and majestic mountains. Close to world-class golf, top-tier shopping, and vibrant entertainment, this location is unbeatable.

12776 N 78th Street Scottsdale, AZ 85260

$1,400,000
4 Beds
3 Baths
3,175 SqFt
Status Active Under Contract
MLS # 6781005
Property Type Single Family Residence
Price Type --
Nestled in the heart of the Buenavante neighborhood is a fantastic home that offers a great split floor plan that checks a lot of boxes.Enter through the double doors into a spacious living/dining room w/ views to the back gardens. A separate family room with cozy fireplace makes room for everyone. Updated kitchen with lots of storage & great island for easy prep & a place for guest to hangout. The primary is a dream w/ a fireplace, nice sitting area & access to the pool. Primary bath is wonderful w/ separate tub/shower & separate vanities & closets. The Jack & Jill bathroom between 2 of the bedrooms makes for a great kid setup plus there is a 3rd full bath for guest. South facing backyard w/ an inviting pool & established landscaping. Bonus - No Short Term Rentals allowed in subdivsion.

744 W Royal Palm Road Phoenix, AZ 85021

$1,400,000
3 Beds
3.5 Baths
3,547 SqFt
Status Active Under Contract
MLS # 6784881
Property Type Single Family Residence
Price Type --
If you're a fan of natural light and wide open spaces, this is the home for you! Classic 3 bed, 3.5 bath home on a half acre, irrigated, corner lot in the Royal Palm neighborhood. Tons of flex space - 2 office areas and 3 living spaces as well. Gorgeous views from nearly everywhere in the house. All 4 bathrooms have been remodeled, and the kitchen updated with white shaker cabinets, quartz countertops, and stainless appliances. Beautiful hardwood oak floors recently refinished. Inviting front patio welcomes friends and neighbors, and expansive back covered patio will be the pool party hub. Room for an urban farm too - chicken run area on side yard, as well as lots of fruit trees - 3 massive pecans, apricot, peach, rosemary, basil. Room for all your people, and your ideas!

2432 Leisure World -- Mesa, AZ 85206

$1,400,000
4 Beds
4.5 Baths
3,800 SqFt
Status Active
MLS # 6784370
Property Type Single Family Residence
Price Type --
A rare opportunity! Custom built 4 bedroom , 4.5 bathroom home on a quiet cul-da-sac in Leisure World. Located on the fifth hole of Coyote Run Golf Course and overlooking holes twelve and thirteen. A large great room, a formal dining room, an office , four bedrooms with there own bathrooms plus a half bath, Indoor kittchen features top of the line appliances and a breakfast bar.Access the martini bar via a spiral staircase to the upper level with a fantastic view of the valley. The side yard has a summer kitchen with a retractable awning top and side awnings, The golf course patio is accessible by opening the 20 foot wide electric patio door. The home also features a double garage and a double golf cart garage. Fully Furnished.

39791 N Country Lane San Tan Valley, AZ 85140

$1,400,000 - 5Br/3Ba -  for Sale in Sun Valley Farms, San Tan Valley
New
$1,400,000
5 Beds
3 Baths
3,595 SqFt
Status Active
MLS # 6788522
Property Type Single Family Residence
Price Type --
Huge rate buydown incentive!!! Horse property in highly sought after neighborhood w/ a basement, pool & flood IRRIGATION. This 3.3 acre lot property offers a circular driveway, fully extended porch & mature trees. The equestrian amenities feature 6 covered stalls w/ auto waters, tack room, RV hook up, hay barn & newer 4 rail fencing. Stepping out to your backyard you'll find a gorgeous pool surrounded by professionally designed landscaping, built-in fireplace & an extended covered patio, perfect for entertaining. The laundry room offers plenty of storage & extra refrigerator space. In addition, ground water rights are owned by the Property Owners. This is a true rare find in one of the most desired horse property communities around.

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