– December 2010 Scottsdale and Phoenix Luxury Condo Sales –
Here are the results for December 2010 for the Phoenix and Scottsdale luxury condo market. In this analysis, I define the luxury condominium market as condos for sale with an asking price of $1 million or more.
December was a decent month for the Scottsdale and Phoenix area luxury condo market. By the end of the month, we had the highest-priced condo sale of the year as well as another luxury condo in pending status.
December’s luxury condo sale was in Phoenix, in the elegant community of Two Biltmore Estates. This unit had three bedrooms, three and one-half bathrooms, 3,960 square feet and phenomenal views of the golf course, mountains and city lights. This was the most expensive condo sale of 2010 and the final sales price was $2,250,000.
The pending sale was in Optima Camelview of Scottsdale. This unit had an asking price of $1,195,000. It is a new, fifth floor unit with three bedrooms, two and one-half bathrooms and has 2,848 square feet.
December was a nice suprise to end the year with. Going in, there were no pending sales, so the forecast looked to be disappointing. However, the Two Biltmore Estates sale closed in a mere 15 days. Additionally, the pending sale at Optima Camelview should help January’s sales figures if it closes this month.
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Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 1/1/2010 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2011 Heather Tawes Nelson
