Here are October 2011’s results for the Phoenix and Scottsdale luxury condo market. This was a slow month for luxury condo sales in the area.
For the purposes of this report, I am defining the luxury condo market as condos for sale with asking prices of $1 million and above.
Pending Luxury Condo Sales – There was a single pending sale at the end of October. It is a 3 bedroom, 3.5 bathroom unit at The Landmark in Scottsdale, adjacent to Kierland. This condo has 3,604 square feet and is a penthouse unit.
On an interesting note, there had been another pending sale for a 4,000 square foot condo at The Residences at 2211 Camelback in Phoenix. It had 3 bedrooms and 3.5 bathrooms and had been in a pending status since February of 2011. When it did not close or stay in pending status at the end of October, I took a closer look. This listing was cancelled as of 10/30/2011.
October 2011 Luxury Condo Sales – There were no luxury condo sales in Scottsdale or Phoenix in October 2011.
October 2011 was a non-eventful month for Phoenix and Scottsdale Luxury Condo sales. We do have one pending sale that ideally will close in November, getting sales activity on the books again.
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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 12/1/2011 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 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
