Luxury Condo Sales in Scottsdale and Phoenix – August 2024
Here are the August figures for the luxury condo market in Scottsdale and Phoenix. To be included, each of these units had to have been on the market for $1 million or more.
As we have seen over the past several months, the luxury condo market is plugging along. Sales remain strong and a large pending inventory of condos being built indicates continued strength.
Luxury Condo Market - August 2024 Phoenix and Scottsdale AZ All Luxury Condos Scottsdale Luxury Condos Phoenix Luxury Condos Units on the Market - Number of Units for Sale 68 55 13 - Average Asking Price $2,403,290 $2,628,762 $1,449,373 - Average Asking Price Per Sq. Ft. $985.75 $1068.33 $636.39 - Average Days on Market*- Active 147 166 68 UCB Sales (Under Contract - Accepting Backup Offers) - Number of Units UCB 5 1 4 - Average UCB Price $2,049,909 $3,900,000 $1,587,387 - Average UCB Price Per Sq. Ft. $781.80 $1,204.08 $675.98 Pending Sales - Number of Units Pending 123 122 1 - Average Pending Price $2,847,944 $2,861,493 $1,195,000 - Average Pending Price Per Sq. Ft. $1,018.94 $1,023.08 $513.10 Luxury Condo Sales - Number of Units Sold 9 4 5 - Average Sales Price $1,809,160 $2,450,000 $1,296,488 - Sales Price to List Price 93.3% 93.1% 93.6% - Average Sold Sq. Feet 2,437 2,343 2,512 - Average Sales Price per Sq. Ft. $769.10 $1,042.40 $550.46 - Average Days on Market* - Sold 147 126 164 - Highest Sale Price $3,050,000 $3,050,000 $1,612,500 - Lowest Sale Price $1,075,000 $1,725,000 $1,075,000 - Percentage of Total Sales 100% 44% 56%
ACTIVE LISTINGS AT THE END OF AUGUST
August concluded with 68 luxury condos being offered for sale. Fifty-five of these units were located in Scottsdale and the rest were in Phoenix.
As it has been for the last several months, the most expensive condo for sale is located in ICON at Silverleaf. It is also the highest-priced condo ever in Scottsdale. This final penthouse unit is listed for $12,900,000. It has four bedrooms, four and one-half bathrooms and 6,288 square feet.
The lowest-priced luxury condo is located in Toscana at Desert Ridge. It has two bedrooms, two and one-half bathrooms and 1,781 square feet. The asking price was $1,000,000.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
UCB contracts fell from eleven to five at the end of August. This is a decent drop, but the summer months tend to have less sales activity.
UCB Condos in Scottsdale
- ICON at Silverleaf – Three bedrooms, four bathrooms, 3,239 square feet. Asking price was $3,900,000,
- Optima Camelview -Three bedrooms and bathrooms, 2,320 square feet. Asking price was $1,775,000.
- Scottsdale Waterfront Residences
- Two bedrooms, two and one-half bathrooms, 2,041 square feet. Asking price was $2,199,000.
- Two bedrooms, two and one-half bathrooms, 2,265 square feet. Asking price was $2,400,000.
- Three bedrooms, two and one-half bathrooms, 2,284 square feet. Asking price was $3,200,000.
UCB Condos in Phoenix
- Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,292,596.
- Two bedrooms, two and one-half bathrooms, 2,025 square feet. Asking price was $1,556,951.
- The Residences at 2211 Camelback -Three bedrooms, four bathrooms, 3,904 square feet. Asking price was $1,950,000.
- Portland on the Park – Two bedrooms, two and one-half baths, 2,185 square feet. Asking price was $1,550,000.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Pending contracts were up slightly to 123 by the end of August. This large backlog can be attributed to several communities under development.
Scottsdale Pending Luxury Condos
- Optima Camelview
- Two bedrooms and bathrooms, 1,782 square feet. Asking price was $1,299,999.
- Three bedrooms, two bathrooms, 1,777 square feet. Asking price was $1,495,000.
- Plaza Lofts at Kierland – Two bedrooms, two and one-half bathrooms, 2,046 square feet. Asking price was $1,800,000.
- Portico Scottsdale Condominiums – This is a new development in North Scottsdale.
- Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,025,000.
- Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,060,000.
- Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,064,650.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,444,500.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,475,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,495,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,505,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,587,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,658,500.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,660,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,664,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,718,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,730,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,733,400.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,743,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,744,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,769,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,814,400.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,845,750.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,899,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,935,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $2,007,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $2,016,950.
- Ascent at the Phoenician – This is another fantastic development underway.
- One bedroom, one and one-half bathrooms, 1,698 square feet. Asking price was $1,450,000.
- One bedroom, one and one-half bathrooms, 1,698 square feet. Asking price was $1,475,000.
- Two bedrooms, two and one-half bathrooms, 1,789 square feet. Asking price was $1,600,000.
- Two bedrooms, two and one-half bathrooms, 1,847 square feet. Asking price was $1,600,000.
- Two bedrooms, two and one-half bathrooms, 1,789 square feet. Asking price was $1,650,000.
- Two bedrooms, two and one-half bathrooms, 1,847 square feet. Asking price was $1,650,000.
- One bedroom, two bathrooms, 1,519 square feet. Asking price was $1,725,000.
- One bedroom, two bathrooms, 1,519 square feet. Asking price was $1,725,000.
- Two bedrooms, two and one-half bathrooms, 2,346 square feet. Asking price was $1,875,000.
- Two bedrooms, two and one-half bathrooms, 2,547 square feet. Asking price was $1,925,000.
- Two bedrooms, two and one-half bathrooms, 2,346 square feet. Asking price was $1,950,000.
- One bedroom, two bathrooms, 1,896 square feet. Asking price was $1,975,000.
- Two bedrooms, two and one-half bathrooms, 2,547 square feet. Asking price was $1,995,000.
- One bedroom, two bathrooms, 1,678 square feet. Asking price was $1,995,000.
- Two bedrooms, two and one-half bathrooms, 1,767 square feet. Asking price was $2,025,000.
- Two bedrooms, two and one-half bathrooms, 2,374 square feet. Asking price was $2,050,000.
- Two bedrooms and bathrooms, 1,847 square feet. Asking price was $2,075,000.
- One bedroom, two bathrooms, 1,677 square feet. Asking price was $2,100,000.
- One bedroom, two bathrooms, 1,678 square feet. Asking price was $2,100,000.
- One bedroom, two bathrooms, 1,678 square feet. Asking price was $2,175,000.
- Two bedrooms, two and one-half bathrooms, 2,589 square feet. Asking price was $2,175,000.
- One bedroom, two bathrooms, 1,677 square feet. Asking price was $2,195,000.
- Two bedrooms and bathrooms, 2,157 square feet. The asking price was $2,225,000.
- Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,285,000.
- Two bedrooms, three bathrooms, 2,244 square feet. Asking price was $2,325,000.
- Two bedrooms, three bathrooms, 2,157 square feet. Asking price was $2,350,000.
- Two bedrooms and bathrooms, 2,294 square feet. Asking price was $2,385,000.
- Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,395,000.
- Two bedrooms, two and one-half bathrooms, 1,848 square feet. Asking price was $2,395,000.
- Two bedrooms, three bathrooms, 2,294 square feet. Asking price was $2,395,000.
- Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,395,000.
- Two bedrooms, three bathrooms, 2,157 square feet. Asking price was $2,425,000.
- Two bedrooms and bathrooms, 2,068 square feet. Asking price was $2,485,000.
- Two bedrooms, two and one-half bathrooms, 2,160 square feet. Asking price was $2,485,000.
- Two bedrooms, three bathrooms, 2,510 square feet. Asking price was $2,550,000.
- Two bedrooms, two and one-half bathrooms, 1,848 square feet. Asking price was $2,625,000.
- Two bedrooms, three bathrooms, 2,593 square feet. Asking price was $2,695,000.
- Two bedrooms, three bathrooms, 2,318 square feet. Asking price was $2,695,000.
- Two bedrooms and bathrooms, 2,157 square feet. Asking price was $2,750,000.
- Two bedrooms, two and one-half bathrooms, 2,160 square feet. Asking price was $2,795,000.
- Two bedrooms and bathrooms, 2,579 square feet. Asking price was $2,850,000.
- Two bedrooms, three bathrooms, 2,294 square feet. Asking price was $2,875,000.
- Two bedrooms and bathrooms, 2,318 square feet. Asking price was $2,950,000.
- Two bedrooms and bathrooms, 2,683 square feet. Asking price was $2,985,000.
- Two bedrooms. three bathrooms, 2,510 square feet. Asking price was $2,995,000.
- Two bedrooms. three bathrooms, 2,599 square feet. Asking price was $2,995,000.
- Two bedrooms, three bathrooms, 2,497 square feet. Asking price was $3,050,000.
- Two bedrooms, three bathrooms, 2,592 square feet. Asking price was $3,100,000.
- Two bedrooms, three bathrooms, 2,527 square feet. Asking price was $3,275,000.
- Two bedrooms, three bathrooms, 2,326 square feet. Asking price was $3,375,000.
- Two bedrooms and bathrooms, 2,318 square feet. Asking price was $3,385,000.
- Two bedrooms, three bathrooms, 2,510 square feet. Asking price was $3,395,000.
- Two bedrooms, three bathrooms, 2,294 square feet. Asking price was $3,475,000.
- Two bedrooms and bathrooms, 2,592 square feet. Asking price was $3,525,000.
- Two bedrooms, three bathrooms, 2,576 square feet. Asking price was $3,585,000.
- Two bedrooms and bathrooms, 2,526 square feet. Asking price was $3,695,000.
- Three bedrooms, three and one-half bathrooms, 3,867 square feet. Asking price was $3,975,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,100,000.
- Three bedrooms, four bathrooms, 3,037 square feet. Asking price was $4,150,000.
- Three bedrooms, four bathrooms, 3,200 square feet. Asking price was $4,295,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,450,000.
- Three bedrooms, three bathrooms, 3,141 square feet. Asking price was $4,475,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,500,000.
- Three bedrooms, four bathrooms, 3,166 square feet. Asking price was $4,595,000.
- Three bedrooms, four bathrooms, 3,166 square feet. Asking price was $4,675,000.
- Three bedrooms and bathrooms, 3,200 square feet. Asking price was $4,725,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,750,000.
- Three bedrooms, three bathrooms, 3,141 square feet. Asking price was $4,750,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,895,000.
- Three bedrooms, three and one-half bathrooms, 3,945 square feet. Asking price was $4,950,000.
- ICON at Silverleaf – Currently under construction.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $1,995,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,150,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,495,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,600,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,625,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,700,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,750,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,800,000.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,900,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,900,000.
- Three bedrooms and bathrooms, 3,157 square feet. Asking price was $2,995,000.
- Three bedrooms, three and one-half bathrooms, 3,170 square feet. Asking price was $2,995,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,175,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,195,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,200,000.
- Three bedrooms, four bathrooms 3,157 square feet. Asking price was $3,350,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,600,000.
- Three bedrooms, four bathrooms, 3,867 square feet. Asking price was $3,600,000.
- Three bedrooms, four bathrooms, 3,329 square feet. Asking price was $3,900,000.
- Five bedrooms, five and one-half bathrooms, 5,534 square feet. Asking price was $5,400,000.
- Five bedrooms, five and one-half bathrooms, 5,534 square feet. Asking price was $5,985,000.
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $6,900,000.
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $7,700,000.
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $7,718,000.
- Four bedrooms, four and one-half bathrooms, 5,534 square feet. Asking price was $8,000,000
- Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $8,350,000.
Phoenix Pending Luxury Condos
- Fairway Lodge at the Biltmore – Three bedrooms, two and one-half bathrooms, 2,329 square feet. Asking price was $1,195,000.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
August saw a little bit of a slowdown when compared to July. Nine luxury condos sold in August and they were pretty evenly matched between Scottsdale and Phoenix.
Scottsdale Luxury Condo Sales
- Scottsdale Waterfront Residences
- Three bedrooms, two and one-half bathrooms, 2,284 square feet. Asking price was $3,200,000 and it sold for $3,000,000.
- Two bedrooms, two and one-half bathrooms, 2,265 square feet. Asking price was $2,400,000 and it sold for $2,025,000.
- Three bedrooms, three and one-half bathrooms, 2,503 square feet. Asking price was $3,150,000 and it sold for $3,050,000.
- Optima Camelview – Three bedrooms, three and one-half bathrooms, 2,320 square feet. Asking price was $1,775,000 and it sold for $1,725,000.
Phoenix Luxury Condo Sales
- Esplanade Place
- Two bedrooms, three bathrooms, 3,000 square feet. Asking price was $1,295,000 and it sold for $1,075,000.
- Two bedrooms, three bathrooms, 3,542 square feet. Asking price was $1,796,000 and it sold for $1,612,500.
- Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,262,389 and it sold for list price.
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,280,049 and it sold for $1,282,549.
- Optima Biltmore – Two bedrooms, two and one-half bathrooms, 2,456 square feet. Asking price was $1,295,000 and it sold for $1,250,000.
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Disclaimer: Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2024 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. Information deemed reliable, but not guaranteed. There may be new condo inventory in these figures if the developer is using the MLS to market its homes. This post represents the opinion of the author. No warranties express or implied.
Copyright ©2024 Heather Tawes Nelson | Joyce Tawes
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