Luxury Condo Sales in Scottsdale and Phoenix – May 2026
In this report, we examined the luxury condo market in Scottsdale and Phoenix. To be included in this analysis, all of these units had to be listed for $1,000,000 or more.
May’s performance was pretty much on par with April in terms of sales activity and condo sales.
Luxury Condo Market - May 2026 Phoenix and Scottsdale AZ All Luxury Condos Scottsdale Luxury Condos Phoenix Luxury Condos Units on the Market - Number of Units for Sale 98 77 21 - Average Asking Price $2,174,607 $2,288,558 $1,756,786 - Average Asking Price Per Sq. Ft. $895.77 $958.55 $665.60 - Average Days on Market*- Active 183 184 177 UCB Sales (Under Contract - Accepting Backup Offers) - Number of Units UCB 7 2 5 - Average UCB Price $1,540,571 $1,875,000 $1,364,800 - Average UCB Price Per Sq. Ft. $743.78 $878.73 $689.80 Pending Sales - Number of Units Pending 35 32 3 - Average Pending Price $2,444,401 $2,519,406 $1,644,348 - Average Pending Price Per Sq. Ft. $845.41 $860.61 $683.26 Luxury Condo Sales - Number of Units Sold 13 9 4 - Average Sales Price $2,248,927 $2,600,783 $1,457,250 - Sales Price to List Price 97.1% 98.1% 93.3% - Average Sold Sq. Feet 2,427 2,405 2,476 - Average Sales Price per Sq. Ft. $930.89 $1,067.84 $622.75 - Average Days on Market* - Sold 173 206 98 - Highest Sale Price $4,150,000 $4,150,000 $1,700,000 - Lowest Sale Price $1,100,000 $1,100,000 $1,350,000 - Percentage of Total Sales 100% 69% 31%
ACTIVE LISTINGS AT THE END OF MAY
The number of units on the market continues to decline, and we have finally fallen below the 100-unit threshold. At the end of May, there were 98 luxury condos for sale.
The most expensive condo on the market has occupied this spot for several months at this point. Located in the new community of Ascent at the Phoenician, it has three bedrooms, three and one-half bathrooms and 4,830 square feet. The asking price is $10,300,000.
The lowest-priced luxury condo for sale in Mau was a carryover from last month. It is located in the Portland Park community and has two bedrooms and bathrooms, 1,592 square feet. It was on the market for $1,028,000.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
UCB contracts remained level with April, coming in again at seven. Two of them were located in Scottsdale and the remaining five were located in Phoenix.
UCB Condos in Scottsdale
- Optima Kierland – Two bedrooms and bathrooms, 1,511 square feet. Asking price was $1,300,000.
- ICON at Silverleaf – Two bedrooms, two and one-half bathrooms, 2,731 square feet. Asking price was $2,450,000.
UCB Condos in Phoenix
- Toscana at Desert Ridge
- Two bedrooms, three bathrooms, and 1,780 square feet. Asking price was $1,275,000.
- Two bedrooms, three bathrooms, and 1,780 square feet. Asking price was $1,295,000.
- Two bedrooms, three bathrooms, 2,026 square feet. Asking price was $1,454,000.
- Fairway Lodge at the Biltmore – Three bedrooms and bathrooms, 2,376 square feet. Asking price was $1,400,000.
- Portland on the Park – Three bedrooms and bathrooms, 2,486 square feet. Asking price was $1,400,000.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
There were 35 units pending at the end of May. This is quite a difference from several months ago, when we were in the 120s range as we were waiting for new communities to complete their units. The communities that are waiting to deliver new construction units include Atavia, Ascent at the Phoenician, ICON at Silverleaf, and Toscana at Desert Ridge.
Scottsdale Pending Luxury Condos
- Orterra – Two bedrooms and bathrooms, 1,999 square feet. Asking price was $1,050,000.
- Optima Camelview
- Two bedrooms and bathrooms, 1,465 square feet. Asking price was $1,100,000.
- Two bedrooms and bathrooms, 1,777 square feet. Asking price was $1,350,000.
- Optima Kierland
- Two bedrooms and bathrooms, 1,511 square feet. Asking price was $1,250,000
- Three bedrooms and bathrooms, 1,686 square feet. Asking price was $1,599,000.
- Scottsdale Waterfront Residences
- Three bedrooms, four bathrooms, 2,295 square feet. Asking price was $2,650,000.
- Three bedrooms, four bathrooms, 3,627 square feet. Asking price was $3,250,000.
- Three bedrooms, four bathrooms, 3,363 square feet. Asking price was $3,495,000.
- Optima McDowell – Two bedrooms and bathrooms, 1,520 square feet. Asking price was $1,694,000.
- 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, 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.
- Two bedrooms, three bathrooms, 2,294 square feet. Asking price was $3,475,000.
- Two bedrooms, three bathrooms, 2,470 square feet. Asking price was $4,850,000.
- ICON at Silverleaf – Currently under construction.
- 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 $3,175,000.
- 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.
- 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
- 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
Sales in May were level with April, coming in with a total of thriteen. Nine of the sales were located in Scottsdale, and the balance were in Phoenix.
Scottsdale Luxury Condo Sales
- Ascent at the Phoenician
- One bedroom, two bathrooms, 1,678 square feet. The list price was $2,574,000 and it sold for $2,350,000.
- Two bedrooms, three bathrooms, 2,609 square feet. Asking price was $3,150,000, and it sold for list price.
- Two bedrooms and bathrooms, 2,592 square feet. Asking price was $3,525,000 and it sold for list price.
- ICON at Silverleaf
- Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,600,000 and it sold for list price.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $4,350,000, and it sold for $4,150,000.
- Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,195,000 and it sold for list price.
- Optima Camelview
- Two bedrooms and bathrooms, 1,465 square feet. Asking price was $1,175,000 and it sold for $1,100,000.
- Two bedrooms and bathrooms, 1,423 square feet. Asking price was $1,395,000 and it sold for list price.
- Three bedrooms, four bathrooms, 2,232 square feet. Asking price was $1,890,000 and it sold for $1,750,000.
Phoenix Luxury Condo Sales
- Fairway Lodge at the Biltmore – Two bedrooms, three bathrooms, 2,616 sq ft. Asking price was $1,425,000 and it sold for $1,350,000.
- Arizona Biltmore Hotel Villas – Two bedrooms and bathrooms, 1,628 square feet. Asking price was $1,395,000 and it sold for $1,354,000.
- Crystal Point Condominiums – Three bedrooms and bathrooms, 3,483 square feet. Asking price was $2,000,000 and it sold for $1,700,000.
- Toscana at Desert Ridge – Three bedrooms and bathrooms, 2,175 square feet. Asking price was $1,425,000 and it sold for list price.
Learn More About Phoenix and Scottsdale Luxury Condos
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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 6/1/2026 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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