Metro Phoenix Home Sales Jump 5.1% as Luxury ZIP Codes Rank Nationally and New Restaurants Open

Home sales and luxury property rankings in metro Phoenix are recording gains even as realtors and analysts weigh ongoing coverage of Arizona's water supply. According to a report from AZ Big Media, home sales across metro Phoenix jumped 5.1% over last year. Four Phoenix-area ZIP codes also cracked national rankings for luxury housing, according to a report by The Business Journals.

The upward movement in metro Phoenix home sales comes while regional water supplies remain a prominent subject across the state. KJZZ reported that although Arizona's water shortages are big news, realtors say those headlines are not hurting business for the housing sector. Separately, WorldAtlas published an examination of what happens to Phoenix if Lake Mead hits dead pool.

Beyond the metro Phoenix residential market, municipal leaders in Pinal County are weighing employment and infrastructure priorities tied to commercial technology developments. Real Estate Daily News reported that cities in Pinal County are taking different paths on data centers as jobs and infrastructure shape the broader economic development debate.

Meanwhile, new restaurant openings and local business initiatives are moving forward in downtown Phoenix, Gilbert, and across the city. Phoenix New Times reported that after a long wait, Otra Pizzeria and an upstairs bar have opened in a historic downtown space. In Gilbert, KTAR News 92.3 FM reported that Lin's Grand Buffet is opening a location later this year. In the automotive sector, TMX Newsfile reported that Phoenix auto tint shop AZ Tint Pros has launched an Arizona Heat Protection Initiative for Phoenix drivers, arriving as Phoenix New Times examined what dying of heat looks like.