The Phoenix Price Ladder: 736 Sales at $1.5M and Up in 12 Months

Phoenix closed 736 sales at $1.5M and up over the last 12 months, worth $2.3B in total, and the price ladder below sorts that year by rung. The market is deepest just above the $1.5M floor and thins sharply as prices climb, with only 15 closings at $10M and up. For a buyer or seller, the ladder shows which price bands have the most recent comparables to work from.  ## The ladder  $1.5M and up: 736 sales, $3.5M and up: 213 sales, $5M and up: 98 sales and $10M and up: 15 sales. The drop from rung to rung tells the story. 736 sales sit at $1.5M and up, but only 213 reach $3.5M, 98 reach $5M, and 15 reach $10M. The market is widest at its entry point and narrows with every step up, so a seller at $2M has many recent comparables while a seller at $10M has very few. The $3.18M average and $701 per square foot describe a market where most luxury activity happens in the lower rungs. ## Who closes at $10M and up  1. **Chris Karas** — 4 sales at $10M and up, top sale $14,000,000 2. **Heather Gagne** — 2 sales at $10M and up, top sale $11,000,000 3. **Cathy Fassero** — 2 sales at $10M and up, top sale $11,000,000 4. **Adam Joffe** — 1 sale at $10M and up, top sale $14,800,000 5. **Zhobin Jawanmardi** — 1 sale at $10M and up, top sale $14,800,000 The ladder is a tool for pricing and expectation. It shows that Phoenix luxury is most active between $1.5M and $3.5M, where the volume is highest, and becomes sparse above $5M. For those in the top rung, the record shows which agents have closed the largest homes recently. Directory pages for these agents list current listings, contact details and open houses, offering a direct path from this market data to the specific properties and people handling them. *Source: the Compass transaction histories of every Compass agent in the Phoenix area, as recorded on September 15, 2026; closed sales over the 12 months to August 2026. One sale is one listing.*