THE VOLTURO MARKET UPDATE

Arizona Snapshot — Current

Mortgage Rates (12-Month Trend)

Mortgage rates have stabilized in the low–mid 6% range, currently sitting around ~6.1%–6.3% after peaking near 6.8% last year.
This shift has quietly improved buyer confidence and increased purchasing power compared to mid-2025 levels.

Median Home Prices — Key Markets (2026)

• Tucson: ~$365K–$375K (stable, value-driven market)

• Scottsdale: ~$900K–$1.0M median

• Paradise Valley: ~$4.8M+ median (ultra-luxury strong)

• Chandler: ~$550K–$575K

• Gilbert: ~$565K–$585K

What this means:

• Entry-level and mid-tier markets are stabilizing

• Luxury markets remain resilient and appreciating

What $1M Buys Today vs Last Year

Today:

• Scottsdale: Updated homes in prime areas or smaller luxury properties

• Paradise Valley: Entry point into luxury (older homes, smaller lots)

• Tucson: Large custom homes or premium foothills properties

Last Year:

• Buyers had slightly more leverage due to higher rates

• Today, lower rates = more competition at key price points

Luxury Market Trend ($800K–$3M)

• Scottsdale & PV continue to outperform lower price tiers

• Scottsdale seeing double-digit appreciation in some segments

• Paradise Valley remains supply-constrained, supporting pricing

* Key Insight:
Luxury buyers are less rate-sensitive → market remains strong even when rates fluctuate

Monthly Payment Impact (Why Rates Matter More Than Price)

Example on a $1M purchase:

• At 6.8% (last year peak) → ~$6,500/month

• At 6.1% (current range) → ~$6,050/month

That’s ~$450/month difference
Or $160K+ in buying power swing

Translation:
Buyers today can afford more home at the same payment

The Arizona market is entering a strategic window:

• Rates have improved

• Prices remain stable to rising (especially luxury)

• Inventory is still limited in premium areas

For buyers: Opportunity is increasing
For sellers: Well-positioned homes are still commanding strong attention