Buyers shopping for $14 million Southern California homes are choosing $8 million Scottsdale properties instead. They're drawn to the schools, space, and lifestyle, though some see the Arizona market as too far removed from coastal California.
Talking to some people who were looking at a $14 million property in Southern California and who went to Scottsdale and bought one for $8 million, comparable. They're happy with the schools. They can see raising their family there. And then spending time with the locals. Catherine, as she said, Catherine lives in between the one that just sold on the pour and Cortez. And so I've been spending time in that neighborhood and you see What a great life people are building there. There's so much going on there, so much entertainment, sports, the food scene, all of that. People are really dedicated to creating lives there and buying those forever homes. And these ones that are just so beautiful and have so much space in them, I think, is key.
No, 100%. And like, there's definitely people that look at our product, but it's still a little bit too far away.
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