Biltmore Market Overview
Highlights
As of April 17, 2025, the single-family home market in the Biltmore Area is experiencing notable shifts, particularly in inventory and pricing dynamics.
- Over the past month, the number of active listings has increased to 93, which is substantially higher than 62 three months ago.
- The average sold price dipped slightly to $1,820,800, indicating a cooling in final sale prices despite fluctuations in active inventory.
- With DOM rising to 83 days, sellers are facing longer waits, suggesting a more competitive landscape that could favor buyers.
Info About Biltmore
Phoenix Biltmore Luxury Homes for Sale
Where Exactly is the Biltmore Area?
The Biltmore Area is in Central Phoenix with the heart of it at 24th St and Camelback Rd.
I roughly define the boundaries as:
North: Piestewa Peak Mountain
South: Indian School Rd
East: Western Most Edge of Camelback Mountain
West: I-51
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History
For over eighty years Phoenix’s Biltmore Area has defined luxury and exclusivity. As the name implies, the area was originally the home of the Arizona Biltmore – one of America’s few remaining Frank Lloyd Wright-influenced luxury resorts. Originally opened in 1929, the Phoenix Biltmore quickly attracted glitterati from around the world. Its expansive grounds, breathtaking architecture, and commitment to settling for nothing less than the best earned it the appellation of “The Jewel of the Desert”.
As with many Phoenix neighborhoods that boast a resort at their heart, the neighborhood grew around the resort as former guests decided to build permanent homes near where they enjoyed such great vacations – the famous Wrigley Mansion being one of the first and most recognizable.
Today, Phoenix’s Biltmore Area is home to some of the city’s most desirable real estate as well as some of the best restaurants and shops. The center of the neighborhood is still the Biltmore Resort and Spa and the Wrigley Mansion, but the neighborhood has grown to include the Mountain Preserve City Park, the Biltmore Fashion Park, the Camelback Esplanade, and Arizona’s Biltmore Financial Area.
Phoenix Biltmore Condos for Sale
To walk the streets of Biltmore is to step into another place far from the desert. Even though the Biltmore is in the very heart of Phoenix, and a convenient drive to all the iconic Phoenix landmarks, it does not feel like it. Perhaps that is due to the Arizona Biltmore Golf Course that dominates the center of the area with its meticulously manicured greens and mature citrus trees.
Or…
It could be the Biltmore Fashion Park?
The Biltmore Fashion Park is a large outdoor boutique shopping center that feels more like a well-maintained park that has as series of boutique shops and upscale restaurants at convenient points along the perimeter. The Biltmore Fashion Park is anchored by a Macy’s and Saks Fifth Avenue and boasts over 70 boutique shops and several fine restaurants.
Or…
It could be the character of this unique neighborhood.
The Biltmore Area is more than just a resort, golf course, and a mall. It is an upscale neighborhood full of unique properties. Roughly, the Phoenix Biltmore Area is bounded on the north by the Piestewa Peak Mountain, to the south by Indian School Road, to the east by the Camelback Mountain, and to the west by I-51.
Real Estate
Several upscale developments along the Camelback Corridor offer large lots and true luxury homes that boast amenities that will satisfy even the most discerning buyer. These properties are far from the cookie-cutter McMansions you find in many modern developments. Each property is unique and possesses a character and feel all it’s own.
Phoenix Biltmore Homes for Sale
In addition to traditional single-family homes, the Phoenix Biltmore Area is full of luxury condos and townhome developments. The massive high-rise condo developments such as the Biltmore Optima and Biltmore Square with rooftop terraces, private parking garages, concierge service, and expansive floor plans seem like they would be more at home in Manhattan, but they are right here in downtown Phoenix. Maybe that is why so many New Yorkers buy second homes in Biltmore. In addition to high-rises, there are lower profile multi-unit developments in the area such as Biltmore Terrace, the Cloister, and the Fairway Lodge – many of which take advantage of the nearby golf course and nearby Piestewa Park and Camelback Mountains.
The Phoenix Biltmore Area is a truly unique and exclusive area right in the heart of Phoenix.
With high-end shopping/dining and neighboring communities like the very popular and upscale Arcadia, Paradise Valley, and Scottsdale, you can’t go wrong with buying in the Biltmore area!
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Biltmore Market Report
An In-Depth Look at Biltmore Houses
The Biltmore Area's single-family home market, as of April 17, 2025, illustrates evolving trends reflected in recent metrics. The increase in active listings from 62 three months ago to 93 indicates a growing selection for buyers. This rise in inventory has contributed to a higher months of inventory, now at 6.2 months, compared to 6.0 months three months prior. Such levels typically suggest a balance in market activity.
The average sold price currently rests at $1,820,800, showing a slight decrease from $1,891,393 three months earlier. This downward trend may point to an adjustment in market expectations, particularly as buyers gain more leverage amidst increasing inventory levels. The DOM has also risen to 83 days, a notable upturn that could signal a shift in how quickly homes are being sold. A longer DOM generally could indicate that homes are not being sold as quickly, putting additional pressure on sellers to stay competitive with pricing.
Moreover, the dynamics of pending listings reflect these shifts. Currently, 24 pending listings have an average price of $1,439,323, contrasting sharply with the higher average prices of active listings. This discrepancy may imply that buyers are currently negotiating more favorable terms, possibly reflecting a shift towards buyer preference in the market.
Combining these insights, the ongoing rise in listings and increase in DOM could result in even greater price adjustments in the near future. Buyers and sellers alike may need to recalibrate their strategies as trends indicate that current market conditions are slowly transitioning. Sellers may need to prepare for longer selling cycles, while buyers could capitalize on the broader selection now available, presenting opportunities for negotiation.
Brian Adamski, Realtor
Top Producing Agent
Honesty. Trustworthy. Integrity.
480-405-1265
Brian Adamski, Realtor
Top Producing Agent
Honesty. Trustworthy. Integrity.
480-405-1265