Luxury Condo Sales in Scottsdale and Phoenix – April 2025
Sales activity was decent in April and we closed out the month with eighteen sales, up from March’s ten sales.
This report covers the luxury condo market in Scottsdale and Phoenix. All of these homes had a list price of one million dollars or more.
Luxury Condo Market - April 2025 Phoenix and Scottsdale AZ All Luxury Condos Scottsdale Luxury Condos Phoenix Luxury Condos Units on the Market - Number of Units for Sale 122 91 31 - Average Asking Price $2,239,212 $2,441,741 $1,644,694 - Average Asking Price Per Sq. Ft. $925.05 $1,018.75 $649.98 - Average Days on Market*- Active 138 157 82 UCB Sales (Under Contract - Accepting Backup Offers) - Number of Units UCB 13 4 9 - Average UCB Price $1,603,896 $2,005,488 $1,425,411 - Average UCB Price Per Sq. Ft. $675.25 $709.53 $660.01 Pending Sales - Number of Units Pending 96 95 1 - Average Pending Price $3,066,441 $3,071,877 $2,550,000 - Average Pending Price Per Sq. Ft. $1,099.73 $1,102.36 $850.00 Luxury Condo Sales - Number of Units Sold 18 14 4 - Average Sales Price $1,787,219 $1,838,924 $1,606,250 - Sales Price to List Price 96.8% 97.9% 92.8% - Average Sold Sq. Feet 2,238 2,150 2,545 - Average Sales Price per Sq. Ft. $815.45 $868.38 $630.18 - Average Days on Market* - Sold 124 117 149 - Highest Sale Price $3,500,000 $3,500,000 $2,275,000 - Lowest Sale Price $1,100,000 $1,110,000 $1,100,000 - Percentage of Total Sales 100% 78% 22%
ACTIVE LISTINGS AT THE END OF APRIL
The number of condos on the market remained level. There were 122 active listings at the end of the month. Ninety-one of the units were in Scottsdale and thirty-one were in Phoenix.
The most expensive unit for sale has held this spot for over 700 days. Located in ICON at Silverleaf, this final penthouse unit is listed for $12,900,000. It has four bedrooms, four and one-half bathrooms and covers 6,288 square feet and is the highest-priced condo the Scottsdale market has seen.
There were two condos that came in with the lowest price. The first one is a carryover from two months ago. Located in Toscana at Desert Ridge, this unit has two bedrooms, three bathrooms and 1,781 square feet. The other unit is located in the Scottsdale Waterfront Residences community. It has two bedrooms, two and one-half bathrooms and 1,243 square feet. Both of these units were listed for $1,000,000.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
April performed well in terms of UCB contracts. At the end of the month, there were 13 UCBs.
UCB Condos in Scottsdale
- Atavia
- Three bedrooms, three and one-half bathrooms, 2,584 square feet. Asking price was $1,501,000.
- Three bedrooms, three and one-half bathrooms, 2,858 square feet. Asking price was $1,717,000.
- Three bedrooms, three and one-half bathrooms, 2,957 square feet. Asking price was $1,804,000.
- Ascent at the Phoenician – Two bedrooms, three bathrooms, 2,867 square feet. Asking price was $2,999,950.
UCB Condos in Phoenix
- The Residences at 2211 Camelback – Two bedrooms, three bathrooms, 2,894 square feet. Asking price was $1,775,000.
- Village at Camelback Mountain – Three bedrooms, two bathrooms, 2,763 square feet. Asking price was $1,795,000.
- Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,645 square feet. Asking price was $1,112,000.
- Three bedrooms, two and one-half bathrooms, 1,839 square feet. Asking price was $1,200,000.
- Three bedrooms, two and one-half bathrooms, 2,175 square feet. Asking price was $1,229,900.
- Two bedrooms, two and one-half bathrooms, 1,781 square feet. Asking price was $1,237,899.
- Two bedrooms, two and one-half bathrooms, 1,781 square feet. Asking price was $1,299,900.
- Two bedrooms, two and one-half bathrooms, 1,702 square feet. Asking price was $1,304,000.
- Three bedrooms, three and one-half bathrooms, 3,167 square feet. Asking price was $1,875,000.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
We dropped below 100 pendings for the first time in many months. At the end of April, there were 96 pending sales. A large majority of these are in communities under development.
Scottsdale Pending Luxury Condos
- Optima Camelview – Three bedrooms, two and one-half bathrooms, 2,406 square feet. Asking price was $1,995,000.
- Portico Scottsdale Condominiums – This is a new development in North Scottsdale.
- Three bedrooms, three and one-half bathrooms, 2,247 square feet. Asking price was $1,377,000.
- 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 $1,505,000.
- 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 $1,715,000.
- 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 $1,769,000.
- Three bedrooms, three and one-half bathrooms, 2,957 square feet. Asking price was $1,804,000.
- 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, 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.
- One bedroom, two bathrooms, 1,896 square feet. Asking price was $1,975,000.
- One bedroom, two bathrooms, 1,521 square feet. Asking price was $1,985,000.
- 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 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.
- 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, 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, 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, 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, two and one-half bathrooms, 2,157 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, 2,510 square feet. Asking price was $3,295,000.
- 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 $3,395,000.
- 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, three bathrooms, 2,683 square feet. Asking price was $3,595,000.
- Two bedrooms and bathrooms, 2,526 square feet. Asking price was $3,695,000.
- 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, four bathrooms, 3,141 square feet. Asking price was $4,295,000.
- Three bedrooms, three bathrooms, 3,141 square feet. Asking price was $4,475,000.
- 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 bathrooms, 3,141 square feet. Asking price was $4,750,000.
- 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 $2,495,000.
- 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 $2,900,000.
- Three bedrooms and bathrooms, 3,157 square feet. Asking price was $2,995,000.
- Three bedrooms, four bathrooms, 3,157 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, 3,239 square feet. Asking price was $3,400,000.
- 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.
- 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
- Esplanade Place – Three bedrooms and bathrooms, 3,000 square feet. Asking price was $2,550,000.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
April turned in a solid performance on the sales side. I had assumed most of these sales came from units that had completed construction, but that was not the case. Many of the sales were actually in established communities.
If you are seeing condos closing over asking price, this is most likely due to upgrades purchased during the building process.
Scottsdale Luxury Condo Sales
- Portico Scottsdale Condominiums
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,718,000 and it closed for $1,757,195.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,743,000 and it closed for $1,797,745.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,845,750 and it closed for $1,928,634.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,899,000 and it closed for $2,022,362.
- Optima Camelview
- Three bedrooms, two bathrooms, 1,716 square feet. Asking price was $1,550,000 and it sold for asking price.
- Three bedrooms, two bathrooms, 2,171 square feet. Asking price was $2,095,000 and it closed for $2,000,000.
- Two bedrooms and bathrooms, 1,533 square feet. Asking price was $1,195,000 and it closed for $1,110,000.
- Optima Kierland
- Three bedrooms, two bathrooms, 1,755 square feet. Asking price was $1,775,000 and it closed for $1,705,000.
- Three bedrooms and bathrooms, 2,018 square feet. Asking price was $2,149,000 and it closed for $2,074,000.
- Three bedrooms and bathrooms, 2,018 square feet. Asking price was $1,599,999 and it closed for $1,500,000.
- Three bedrooms and bathrooms, 1,718 square feet. Asking price was $1,400,000 and it closed for $1,350,000.
- Three bedrooms and bathrooms, 2,232 square feet. Asking price was $3,575,000 and it closed for $3,500,000.
- Plaza Lofts at Kierland – Two bedrooms and bathrooms, 1,636 square feet. Asking price was $1,649,000 and it sold for $1,550,000.
- Scottsdale Waterfront Residences – Two bedrooms, two and one-half bathrooms, 2,227 square feet. Asking price was $2,100,000 and it sold for $1,900,000.
Phoenix Luxury Condo Sales
- Fairway Lodge – Three bedrooms, two and one-half bathrooms, 3,080 square feet. Asking price was $1,699,000 and it sold for $1,600,000.
- Residences at 2211 Camelback – Three bedrooms and bathrooms, 3,000 square feet. Asking price was $2,500,000 and it sold for $2,275,000.
- Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,781 square feet. Asking price was $1,149,000 and it sold for $1,100,000.
- Three bedrooms and bathrooms, 2,319 square feet. Asking price was $1,579,000 and it sold for $1,450,000.
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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 5/1/2025 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 ©2025 Heather Tawes Nelson | Joyce Tawes
