Luxury Condo Sales in Scottsdale and Phoenix – February 2026
February numbers are in, and the luxury condo market in Scottsdale and Phoenix had a very solid month. All of the units in this report were listed for $1,000,000 or above
Luxury Condo Market - February 2026 Phoenix and Scottsdale AZ All Luxury Condos Scottsdale Luxury Condos Phoenix Luxury Condos Units on the Market - Number of Units for Sale 130 92 38 - Average Asking Price $2,252,993 $2,409,352 $1,874,442 - Average Asking Price Per Sq. Ft. $915.96 $1,003.49 $704.03 - Average Days on Market*- Active 168 186 125 UCB Sales (Under Contract - Accepting Backup Offers) - Number of Units UCB 11 10 1 - Average UCB Price $1,727,455 $1,587,700 $3,125,000 - Average UCB Price Per Sq. Ft. $784.66 $769.85 $932.84 Pending Sales - Number of Units Pending 43 38 5 - Average Pending Price $2,632,420 $2,778,053 $1,525,609 - Average Pending Price Per Sq. Ft. $901.87 $929.30 $693.43 Luxury Condo Sales - Number of Units Sold 18 14 4 - Average Sales Price $2,397,748 $2,496,390 $2,052,500 - Sales Price to List Price 97.6% 97.7% 96.9% - Average Sold Sq. Feet 2,467 2,375 2,790 - Average Sales Price per Sq. Ft. $984.76 $1,066.37 $699.13 - Average Days on Market* - Sold 88 110 12 - Highest Sale Price $4,800,000 $4,800,000 $4,100,000 - Lowest Sale Price $1,050,000 $1,050,000 $1,200,000 - Percentage of Total Sales 100% 78% 22%
ACTIVE LISTINGS AT THE END OF FEBRUARY
The number of units on the market remains more or less level compared to January. At the end of the month, there were 130 luxury condos for sale.
The most expensive condo on the market has held this spot for many months. It is located in the new community of Ascent at the Phoenician. It has three bedrooms, three and one-half bathrooms and 4,830 square feet and has an asking price of $10,300,000.
The least expensive unit on the market is also a carryover. It is located in the Landmark Condominiums community in Scottsdale. It has two bedrooms, three bathrooms, and 2,055 square feet. Asking price is $1,000,000.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
UCB activity, i.e., newer contracts, picked up significantly in February. At the end of the month, there were 11 homes in UCB status, compared to January when there were only three.
UCB Condos in Scottsdale
- Orterra – Two bedrooms and bathrooms, 1,999 square feet. Asking price was $1,050,000.
- Optima Camelview
- Two bedrooms and two bathrooms, 1,397 square feet. Asking price was $1,000,000.
- Two bedrooms, three bathrooms, 1,955 square feet. Asking price was $1,275,000.
- ICON at Silverleaf – Two bedrooms, two and one-half bathrooms, 2,731 square feet. Asking price was $2,450,000.
- Portico Condominiums
- Three bedrooms and bathrooms, 2,090 square feet. Asking price was $1,189,000.
- Three bedrooms, four bathrooms, 2,768 square feet. Asking price was $1,949,000.
- Optima Kierland
- Two bedrooms and two bathrooms, 1,261 square feet. Asking price was $1,425,000.
- Two bedrooms and bathrooms, 1,686 square feet. Asking price was $1,614,000.
- Landmark Condominiums – Three bedrooms and three bathrooms, 2,690 square feet. Asking price was $1,725,000.
- The Mark Condominiums – Three bedrooms, four bathrooms, 2,427 square feet. Asking price was $2,200,000.
UCB Condos in Phoenix
- Esplanade Place – Three bedrooms and bathrooms, 3,350 square feet. Asking price was $3,125,000.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Some of the communities under development are completing their units, and we are seeing the pending contract backlog decrease finally. However, there are still quite a few outstanding pending sales left.
Scottsdale Pending Luxury Condos
- Optima McDowell – Two bedrooms and bathrooms, 1,520 square feet. Asking price was $1,694,000.
- Optima Kierland
- Two bedrooms, three bathrooms, 1,838 square feet. Asking price was $1,599,000.
- Two bedrooms, three bathrooms, 1,838 square feet. Asking price was $2,545,000.
- Optima Camelview -Four bedrooms, five bathrooms, 5,119 square feet. Asking price was $6,500,000.
- Landmark Condominiums – Three bedrooms and bathrooms, 2,690 square feet. Asking price was $1,895,000.
- Scottsdale Waterfront Residences – Three bedrooms, four bathrooms, 2,503 square feet. Asking price was $1,995,000.
- Atavia – This is a new community in North Scottsdale.
- Three bedrooms, four bathrooms, 2,247 square feet. Asking price was $1,347,000.
- Three bedrooms, four bathrooms, 2,247 square feet. Asking price was $1,355,000.
- Three bedrooms, three and one-half bathrooms, 2,586 square feet. Asking price was $1,436,000.
- Three bedrooms, three and one-half bathrooms, 2,586 square feet. Asking price was $1,466,000.
- Three bedrooms, three and one-half bathrooms, 2,586 square feet. Asking price was $1,485,000.
- Three bedrooms, three and one-half bathrooms, 2,841 square feet. Asking price was $1,642,000.
- Three bedrooms, three and one-half bathrooms, 2,841 square feet. Asking price was $1,654,000.
- Three bedrooms, three and one-half bathrooms, 2,841 square feet. Asking price was $1,680,000
- Three bedrooms, three and one-half bathrooms, 2,841 square feet. Asking price was $1,685,000.
- Three bedrooms, three and one-half bathrooms, 3,015 square feet. Asking price was $1,717,000.
- Three bedrooms, three and one-half bathrooms, 3,015 square feet. Asking price was $1,737,000.
- Three bedrooms, three and one-half bathrooms, 3,015 square feet. Asking price was $1,758,000
- Three bedrooms, three and one-half bathrooms, 3,015 square feet. Asking price was $1,788,000.
- Three bedrooms, three and one-half bathrooms, 3,015 square feet. Asking price was $1,788,000.
- 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.
- Two bedrooms, three bathrooms, 2,594 square feet. Asking price was $3,295,000
- 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, 2,470 square feet. The asking price was $4,850,000.
- ICON at Silverleaf – Currently under construction.
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,600,000.
- 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 $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, 3,329 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, 5,534 square feet. Asking price was $8,000,000.
Phoenix Pending Luxury Condos
- Toscana at Desert Ridge
- Two bedrooms, three bathrooms, 1,781 square feet. Asking price was $1,220,000.
- Two bedrooms, three bathrooms, 2014 square feet. Asking price was $1,475,000.
- Three bedrooms and bathrooms, 2,175 square feet. Asking price was $1,528,043.
- Two bedrooms, three bathrooms, 2026 square feet. Asking price was $1,530,000.
- Three bedrooms, three and one-half bathrooms, 3,167 square feet. Asking price was $1,875,000.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
After a huge January sales month due to many under-construction units finally being completed, sales activity in February was a little more measured. However, it was still a strong month for sales. A total of eighteen units sold during the month in Scottsdale and Phoenix.
Scottsdale Luxury Condo Sales
- Portico Condominiums – Three bedrooms and bathrooms, 2,090 square feet. Asking price was $1,199,000, and it sold for list price.
- ICON at Silverleaf – Two bedrooms, three bathrooms, 2,722 square feet. Asking price was $2,295,000 and it sold for $2,150,000.
- Optima Camelview – Three bedrooms, two bathrooms, 1,734 square feet. Asking price was $1,495,000, and it sold for $1,450,000.
- Landmark Condominiums
- Three bedrooms and bathrooms, 2,672 square feet. Asking price was $1,250,000 and it sold for $1,050,000.
- Four bedrooms, three bathrooms, 3,895 square feet. Asking price was $3,085,000, and it sold for $3,025,000.
- Optima Kierland – Three bedrooms and bathrooms, 1,954 square feet. Asking price was $1,955,000, and it sold for $1,850,000.
- Ascent at the Phoenician
- One bedroom, two bathrooms, 1,679 square feet. Asking price was $2,450,000 and it sold for $2,250,000.
- Two bedrooms and bathrooms, 2,068 square feet. Asking price was $2,485,000 and it sold for $2,673,870.
- Two bedrooms, three bathrooms, 2,510 square feet. Asking price was $2,550,000 and it sold for $2,603,851.
- Two bedrooms and bathrooms, 2,157 square feet. Asking price was $2,750,000 and it sold for $2,762,589.
- Two bedrooms and bathrooms, 2,318 square feet. Asking price was $2,950,000 and it sold for $3,150,157.
- Two bedrooms, two and one-half bathrooms, 2,157 square feet. Asking price was $2,995,000 and it sold for list price.
- Two bedrooms and bathrooms, 2,157 square feet. Asking price was $3,150,000, and it sold for $2,990,000.
- Two bedrooms, three bathrooms, 3,141 square feet. Asking price was $5,150,000, and it sold for $4,800,000.
Phoenix Luxury Condo Sales
- Crystal Point – Three bedrooms and bathrooms, 2,718 square feet. Asking price was $1,340,000 and it sold for $1,200,000.
- Toscana at Desert Ridge – Two bedrooms, three bathrooms, 2,025 square feet. Asking price was $1,545,000 and it sold for list price.
- Portland on the Park – Three bedrooms and bathrooms, 2,486 square feet. Asking price was $1,490,000 and it sold for $1,365,000.
- Two Biltmore Estates – Three bedrooms, four bathrooms, 3,931 square feet. Asking price was $4,100,000 and it sold for list price.
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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 3/1/2026 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 ©2026 Heather Tawes Nelson | Joyce Tawes
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