Here are the luxury condo sales results for November 2011 for the Phoenix and Scottsdale market. This was a much better month for the luxury condo market in these two cities. I am defining the luxury condo market as condos with list prices above $1 million dollars.
Pending Luxury Condo Sales – At the end of November, there was one pending luxury condo sale. The unit is located at Optima Camelview in Scottsdale and has three bedrooms, three bathrooms and is 2,190 square feet. The asking price was $1,328,000.
November 2011 Luxury Condo Sales – After coming off of an October without any sales, it was refreshing to see two sales in November. Both sales took place in the Kierland area, which is also home to the newer Scottsdale Quarter shopping and dining venue. The first sale was at the Kierland Lofts. This condo had two bedrooms, two and one-half bathrooms and was 2,090 square feet. It sold for list price at $1,295,000. The second sale was across the way at The Landmark Condominiums. This sale was for a three bedroom, three and one-half bathroom, 3,604 square foot unit. The sales price was $1,660,000, just off of the asking price of $1,695,000.
November 2011 was a non-eventful month for Phoenix and Scottsdale Luxury Condo sales. We do have one pending sale that ideally will close in December, 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 12/1/2010 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
