Phoenix Biltmore Real Estate Market Overview
Biltmore Market Highlights
As of May 6, 2025, the residential real estate market in Biltmore is showing notable shifts that reflect changing buyer behavior.
- Over the past month, the number of active listings has risen to 182, an increase from 150 three months prior.
- The market is currently experiencing a 5.6 months of inventory, indicating a steady, but not oversaturated market presence.
- Sold prices have averaged $1,240,038 recently, suggesting that properties are still closing above their original listings, but with a lowered sold-to-list price ratio of 91%.
- The average Days on Market (DOM) has risen to 99 days, emphasizing a longer wait for sellers before achieving a sale.
Curious how the Biltmore market has changed over time?
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Phoenix Biltmore Real Estate Market Report
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The Biltmore residential real estate market, as of May 6, 2025, reveals a dynamic landscape shaped by various trends over recent months.
Active Listings: The total number of active listings has increased substantially, moving up to 182 listings over the past month from 150 three months ago. This uptick indicates a growing inventory that may signal shifting buyer confidence and competitive opportunities for those in the market.
Days on Market (DOM): Currently, the average DOM stands at 99 days—a noticeable increase compared to an average of 127 days three months prior. This growth suggests that properties are spending more time on the market, potentially indicating that buyers are either taking a more cautious approach or that pricing strategies may need reassessment.
Months of Inventory: The market currently holds 5.6 months of inventory, which is a decrease from 6.6 months three months ago. This metric portrays a relatively balanced market condition. Given that historically, levels above 6 months generally favor buyers while fewer than 4 months lean towards sellers, the current measurement suggests that the market still holds opportunities for both parties without significant pressure on prices.
Sold Prices: The average sold price in Biltmore is currently $1,240,038. This reflects clearance above the average list pricing for active listings, which is noteworthy as the ratio of sold price to original list price has dropped to 91%. This contraction in ratio might imply a need for sellers to establish more competitive pricing to attract buyers, particularly amidst longer DOM periods. When we compare sold prices to three months ago (where the average sold price was $1,099,795), this signifies a notable increase, demonstrating that while prices face adjustments, overall value persists.
Conclusion and Implications: The observed trends in inventory levels, DOM, and pricing underscore the need for a strategic approach for both buyers and sellers. Buyers may benefit from the increase in active listings, while sellers should be aware of the extended listing periods and adjust expectations accordingly. Overall, with a balanced inventory and stable pricing pressure, the Biltmore neighborhood continues to thrive as a competitive market for all participants. Insight into these trends can greatly assist clients in making informed decisions, optimizing their buying or selling strategies in the current market landscape.
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!
Brian Adamski, Realtor
Arizona’s Elite: Top 3% Realtor | Service Rooted in Trust and Understanding
480-405-1265
