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Inside, ceilings are 12 to 15 feet high, as apposed to the 9- or 10-foot standard. Kitchen countertops are quartz or marble, floors are wood, porcelain or marble, and cabinets are larger and higher. The lots also are large enough to allow for custom additions, such as an RV or boat garage, or a backyard pool with outdoor cabanas. The West Valley offers more home for less money, Belfiore said. “You can get a lot more home and a phenomenal piece of property on land that has topography and views at a price point that you cannot get in Scottsdale,” Belfiore said. “The value proposition to a luxury buyer is great.” The average price per square foot in Peoria is $150, compared with an average of $510 per square foot in Paradise Valley, $235 per square foot in Scottsdale and $280 per square foot in the Phoenix Biltmore area, he said. Overall in metro Phoenix, seven-figure home sales are up more than 30 percent compared with last year. In the West Valley the vast majority of these luxury developments are in Peoria, Belfiore said. Many of the new homes are in the northern part of the city, where homebuilders tend to cater to a high-end market because rocky soil in the area hikes construction expenses, he said.

For the original version including any supplementary images or video, visit http://www.azcentral.com/story/news/local/peoria/2017/05/23/luxury-homebuyers-can-get-more-home-money-peoria-west-valley/319088001/

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