Phoenix, AZ: Real Estate and Market Insights From Jeff Setlow - January 2026
Phoenix offers a sunlit urban landscape with a mix of denser neighborhoods and quieter residential pockets, where mountain vistas and desert parks are easy to find. Residents appreciate pronounced warm days and evenings that invite patios, pools, and outdoor dining, while housing options range from single-family homes to condos and townhouses that suit different lifestyles. Neighborhoods often blend walkable commercial strips with quiet streets, giving a sense of community alongside everyday conveniences.
Getting around is straightforward for many thanks to a network of freeways, commuter arteries, and expanding transit links that make access to job centers and the airport manageable. Local amenities - from casual cafes and farmers markets to art venues, professional sports, and golf courses - support an active social life and diverse leisure choices. Buyers, sellers, and renters tend to value the emphasis on indoor-outdoor living, easy access to green spaces, and neighborhoods that balance convenience with a neighborhood feel.
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Phoenix, AZ’s Luxury Market Reacts to January 2026 Shifts
As January 2026 progresses, Phoenix, AZ luxury real estate stands out for its unique response to market changes. High end homes priced above $800,000 average 66 days on market now, a clear sign that buyers in this segment are moving more deliberately than in prior months. Sellers should consider longer listing timelines and tailor their approach for well-informed, discerning clients.
Active luxury condo listings total 103 units in January, with a median price of $619,000. Balanced absorption citywide (3.1 months), combined with robust high end offerings, means ample selection for luxury buyers and strategic positioning required for sellers to stand out. Luxury shifts in Phoenix, AZ January 2026 affect not only listing time but also seller concessions and negotiated upgrades, making expert negotiation key.
Sellers in the luxury tier must note that median sale price across Phoenix remains at $418,000—so top tier homes must present unique features and premium staging. Seller credits present in 29 percent of overall sales remain relevant even in luxury deals, where such incentives can spark buyer interest or close negotiations.