Here are January 2011’s results for the Phoenix and Scottsdale luxury condo market. For the purposes of this report, I am defining luxury condos as condos on the market with asking prices in excess of $1 million.
January was another decent month for the Scottsdale and Phoenix luxury condo markets. All of the January activity was in Scottsdale. At the end of the month, there were two pending luxury condo sales and a single sale.
The January sale was at Optima Camelview, a very popular complex in downtown Scottsdale. It was a three bedroom, two and one-half bathroom unit on the 5th floor with 2,848 square feet. The sales price was $995,000.
The two pending sales at the end of January were found at Safari Drive, a contemporary complex in downtown Scottsdale that has recently started sales again and The Landmark which is farther north in the Kierland neighborhood.
Overall, January was a solid month for luxury condos in Scottsdale and Phoenix. The sale started the year off on a good foot and two pending sales could mean good news for February’s sales figures.
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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 2/1/2010 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
