Phoenix Biltmore Real Estate Market Overview
Biltmore Market Highlights
As of May 4, 2025, the residential real estate market in Biltmore is experiencing noticeable changes.
- Currently, the number of active listings has increased to 185.
- The average sold price for homes has declined to $1,062,365 over the past month, down from $1,099,795 three months ago.
- The average Days on Market (DOM) has decreased to 61 days, indicating homes are selling slightly faster than before.
- The current months of inventory is at 5.7, indicating some relief for buyers but not excessively so.
Curious how the Biltmore market has changed over time?
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In the Biltmore neighborhood, the residential real estate market presents intriguing dynamics as of May 4, 2025. The number of active listings has significantly risen to 185, reflecting a robust choice for potential buyers, especially when compared to 151 active listings just three months ago. This influx of listings may indicate that sellers are responding to a previous competitive buyer market, trying to capitalize on interest before potential shifts in market conditions.
In conjunction with rising active listings, the average sold prices for listings have seen some contraction. Over the past 30 days, sold prices averaged $1,062,365, which is down from $1,099,795 recorded three months prior. This decline suggests that while listing inventory is growing, buyers may be negotiating lower prices, reflecting a marketplace that is becoming more balanced rather than favoring sellers as it may have in recent previous months.
Moreover, the average Days on Market (DOM) shows a noteworthy decrease to 61 days, down from 73 days three months ago. This indicates a trend toward faster-moving sales despite the increase in active listings. Buyers' willingness to engage with listings more rapidly signals that certain properties may be perceived as well-priced or particularly desirable.
With a current metrics reading of 5.7 months of inventory, the market leans toward a balanced condition, although the slight increase does not signify a buyer's market yet. In comparison, six months ago, the months of inventory indicated a more seller-favorable landscape at just 4.3 months. So, while the current inventory level provides some breathing room for buyers, conditions remain not overly favorable for drastic price reductions or a shift from negotiating terms.
This environment creates actionable insights for both buyers and sellers. Sellers might benefit from careful pricing strategies that account for this observed slowdown in sold prices while maintaining competitive listings to attract buyers. On the other hand, buyers are afforded room to negotiate more favorably, with options available without excessive pressure to rush decisions. The interplay of these dynamics makes the Biltmore neighborhood a fascinating market to monitor going forward.
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
Proudly Serving Biltmore Since 2007 | Knowledgeable. Responsive. Experienced.
480-405-1265
