Below is a chart showing April 2012 Scottsdale and Phoenix luxury condo sales activity. In this report, I am considering luxury condominiums as those with an asking price in excess of $1 million. I have divided the data into units on the market, pending sales and actual sales. In addition, there is sales activity data for each Scottsdale and Phoenix.
Pending Luxury Condo Sales – At the end of April, there were five pending luxury condominium sales. All of the five were located in Scottsdale in a variety of communities.
– This first one is a holdover from March. This condo is located within Safari Drive in Downtown Scottsdale. It has 3 bedrooms, 3.5 bathrooms and 2,610 square feet. The asking price when it went pending was $1,075,000.
– There was a second holdover from March for a unit at the Scottsdale Waterfront Residences. This sixth floor unit has 3 bedrooms, 3.5 bathrooms and 3,884 square feet. The asking price was $1,649,000.
– Two units at the Plaza Lofts at Kierland went under contract in April. Both units were the same model with 2 bedrooms, 2.5 bathrooms and 2,047 square feet. The unit on the fifth floor was listed for $1,050,000 and the sixth floor unit was listed for $1,060,000.
– The final pending sale at the end of April was at the Optima Camelview in downtown Scottsdale. This unit was a 3 bedroom, 4.5 bathroom condo with 3,066 square feet. The asking price was $1,649,000.
April 2012 Luxury Condo Sales
There was a single luxury condo sale in April. This was a 12th floor unit at the elegant Scottsdale Waterfront Residences in the heart of downtown Scottsdale. It was a three bedroom, three and one-half bathroom condo with 3,363 square feet. It had been listed for $2,000,000 and sold for $1,950,000.
All in all, the luxury condo segment in Scottsdale had a good month in April. The single sale and all five of the pending sales were located in Scottsdale. Based on the large pending number, May should be another good month. The luxury condo market in Phoenix did not fare as well in April as there was no activity.
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 5/1/2012 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012 Heather Tawes Nelson