Phoenix Biltmore Real Estate Market Overview
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Phoenix Biltmore Real Estate Market Report
Biltmore All Property Types Market Highlights
As of Jun 21, 2025, the real estate market in Biltmore demonstrates noticeable shifts that impact buyers and sellers alike.
- Active listings have increased to 137, rising from 105 three months ago.
- This expansion has led to a months of inventory figure of 5.5, suggesting a balance in market conditions.
- Sold prices are now averaging $1,492,059, a clear growth compared to the $1,357,278 average three months prior.
- However, days on market (DOM) averages have extended to 101 days, indicating that listings are taking longer to sell.
An In-Depth Look at the Biltmore All Property Types Market
A more detailed analysis reveals key trends shaping the Biltmore real estate landscape.
Currently, the number of active listings is at 137, representing a substantial increase from 105 listings three months ago and 71 listings six months ago. This trend reflects a growing supply that has contributed to a months of inventory measurement of 5.5, indicating that the market is leaning towards equilibrium, where neither buyers nor sellers dominate. In contrast, twelve months ago, there were just 47 active listings; this significant rise underscores a change in market dynamics.
The average sold price has notably increased to $1,492,059, a rise from $1,357,278 just three months ago, and an impressive jump from $1,430,225 six months ago. This upward trend might imply enhanced buyer confidence and competition, even as sellers are faced with extended DOM, which currently sits at 101 days. This increase in DOM from 76 days three months ago suggests that while buyers are willing to pay more, properties are taking longer to close, which may signal some buyer hesitation, or that sellers are adjusting their expectations on pricing and negotiation terms.
Additionally, the average price per square foot for active listings stands at $487. This has not only increased from $458 three months ago but also highlights the continuing value appreciation compared to last year. The rise in average sold prices alongside a rising price per square foot appears to suggest that more buyers are entering the market at higher price points, supported by favorable economic factors such as interest rates remaining relatively low compared to historical averages.
The current data presents a mixed landscape that potential buyers and sellers must navigate. While sellers may enjoy higher sale prices, the increase in days on market and total active supply hints at a market that is becoming more favorable to buyers, providing them more choices and potentially more negotiating power. In conclusion, navigating the Biltmore real estate market requires careful consideration of these evolving dynamics, with both buyers and sellers adjusting their strategies accordingly.
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
Helping Biltmore Buyers and Sellers Since 2007 | Service Rooted in Trust and Understanding
480-405-1265
