Scottsdale and Phoenix Luxury Condo Sales Update

Phoenix & Scottsdale Luxury Condo Sales Information

Scottsdale Waterfront Luxury CondosHere are the most recent sales statistics for the luxury condo market in Scottsdale and Phoenix, Arizona. This market is defined as condos for sale with list prices in excess of $1 million.

Want to learn more? Click to learn more about the communities that comprise the luxury condo market in Scottsdale, Phoenix and Tempe.

Scottsdale and Phoenix Luxury Condos

Scottsdale and Phoenix – November 2017*

For Sale: 53
UCB*: 4
Pending: 8
Sold: 6
Average Asking Price: $1,643,667
Average Asking Price/Sq. Ft.: $588.28
Average Sold Price: $1,589,167
Average Sold Price/Sq. Ft.: $650.14
Sales Price to List Price: 94.1%

* UCB (Under contract, backup offers) – This status means there is an accepted contract on the home, but the seller is looking for backup offers.

Scottsdale Luxury Condos

Scottsdale Luxury Condo Sales – November 2017*

For Sale: 33
UCB*: 2
Pending: 7
Sold: 5
Average Asking Price: $1,605,769
Average Asking Price/Sq. Ft.: $624.70
Average Sold Price: $1,622,000
Average Sold Price/Sq. Ft.: $685.70
Sales Price to List Price: 93.4%

* UCB (Under contract, backup offers) – This status means there is an accepted contract on the home, but the seller is looking for backup offers.

Phoenix Luxury Condos

Phoenix Luxury Condo Sales – November 2017*

For Sale: 20
UCB*: 2
Pending: 1
Sold: 1
Average Asking Price: $1,706,200
Average Asking Price/Sq. Ft.: $528.08
Average Sold Price: $1,425,000
Average Sold Price/Sq. Ft.: $472.32
Sales Price to List Price: 98.3%

* UCB (Under contract, backup offers) – This status means there is an accepted contract on the home, but the seller is looking for backup offers.

Historical Sales

Luxury Condo Sales History

  • In 2016, there were 28 luxury condo sales in Scottsdale and Phoenix.  The lowest priced sale was $925,000 and the highest priced sale was $3,200,000.
  • In 2015, there were 30 luxury condo sales in Scottsdale and Phoenix. The lowest priced sale was $1,000,000 and the highest priced sale was $2,300,000.
    • Scottsdale saw 17 luxury condo sales with prices ranging from $1,000,000 to $2,300,000.
    • Phoenix saw 13 luxury condo sales with prices ranging from $1,035,000 to $2,200,000.
  • In 2014, there were 31 luxury condo sales in Scottsdale and Phoenix. The lowest priced sale was $900,000 and the highest priced luxury condo sale was $2,650,000.
  • In 2013, there were 33 luxury condo sales in Scottsdale and Phoenix. The lowest priced sale was $950,000 and the highest priced luxury condo sale was $3,600,000.
  • In 2012, there were 30 luxury condo sales in Scottsdale and Phoenix. The lowest priced sale was $935,000 and the highest priced luxury condo sale was $2,700,000.

*This analysis looks at resale condominiums on the market with list prices of $1 million and above. Data was pulled from the Arizona Regional MLS (ARMLS) as of 6/1/2015 and can change at any time. Some new inventory may be represented if the developer has entered it into the MLS.

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