– Luxury Condo Sales in Scottsdale and Phoenix – February 2019 –
February saw sales activity for the Scottsdale and Phoenix luxury market perk up as the new year started.
ACTIVE LISTINGS AT THE END OF FEBRUARY
The number of luxury condos for sale in Scottsdale and Phoenix jumped by eight by the end of the month, with seven of the new additions located in Scottsdale.
The highest priced condo was a unit that came onto the market last month. This penthouse at the Scottsdale Waterfront Residences was for sale for $3,795,000. It had 3,940 square feet, three bedrooms and three and one-half bathrooms.
The lowest priced condo was also a repeat from last month. This Hotel Valley Ho condo had one bedroom, two bathrooms and 1,586 square feet. It was on the market for $1,047,000.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
At the end of February, there were two luxury condos with UCB status and they were both located in Scottsdale.
Scottsdale UCB Condos
- The Landmark Condominiums – This condo is a carryover UCB from January and had three bedrooms and bathrooms and 4,471 square feet. It was on the market for $2,500,000.
- Envy Residences – This 2,449 square foot unit at Envy had two bedrooms and two and one-half bathrooms. It was listed for $1,625,000.
*UCB status means a condo has an accepted contract, but that the seller has requested that they accept backup offers. Most times you will see this status when the contract is in the inspection/due diligence period.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
At the end of February, there were five condos in pending status. All but one were located in a community currently under development and all of these are carryovers from January.
- Optima Camelview had a pending sale that has been in this status for a while. This luxury condo had two bedrooms, two and one-half bathrooms and 1,955 square feet. Its asking price was $1,000,000.
- ICON at Silverleaf – ICON is currently under development so these units will remain pending for the foreseeable future:
- Three bedrooms, three and one-half bathrooms, 3,170 square feet. Listed for $2,174,000.
- Three bedrooms, three and one-half bathrooms, 3,170 square feet. Listed for $2,174,000.
- Three bedrooms, three bathrooms, 3,170 square feet. Listed for $2,074,000.
- Three bedrooms, three bathrooms, 3,170 square feet. Listed for $2,074,000.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Three sales took place in February.
Scottsdale Condo Sales
- Scottsdale Waterfront Residences – Two bedrooms, two and one-half bathrooms and 2,319 square feet. It had been listed for $2,350,000 and sold for $2,325,000.
- The Landmark – Three bedrooms, two and one-half bathrooms and 3,744 square feet. It had been listed for $2,240,000 and sold for $2,175,000.
Phoenix Condo Sales
- Esplanade Place– Two bedrooms, two and one-half bathrooms and 3,003 square feet. It had beem listed for $1,390,000 and sold for $1,301,000.
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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 3/1/2019 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 © 2019 Heather Tawes Nelson | Joyce Tawes
