Phoenix and Scottsdale AZ Luxury Condo Sales – November 2021

– Luxury Condo Sales in Scottsdale and Phoenix – November 2021 –

November was a very strong sales month for luxury condos in Scottsdale and Phoenix.

To be included in this report, only condo units with a list price of $1 million or more are analyzed.

ACTIVE LISTINGS AT THE END OF NOVEMBER

Inventory fell by one to close out the month with forty-one luxury units for sale. Thirty-two of them were located in Scottsdale and the remaining nine were located in Phoenix.

The most expensive condo for sale is new to the market and it has the highest asking price I have seen. This penthouse unit with four bedrooms, four and one-half bathrooms and 6,288 square feet is located in the luxurious ICON community in Silverleaf. The list price for this unit was $6,850,000.

The least expensive luxury condo on the market was located in The Reserve in Scottsdale. It has three bedrooms and bathrooms and 1,019 square feet. It was listed for $1,026,500.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were fourteen UCB contracts at the end of the month. This is a huge jump from the three UCB contracts at the end of October. Ten of the fourteen were located in Scottsdale.

UCB Condos in Scottsdale

• SOHO Condominiums – Three bedrooms, two and one-half bathrooms, 2,365 square feet. Asking price was $1,250,000.
• $1,300,000 and it sold for list price.
• Scottsdale Waterfront Residences
  • Two bedrooms, two and one-half bathrooms, 1,611 square feet. Asking price was $1,365,000.
  • Two bedrooms and bathrooms, 2,265 square feet. Asking price was $1,530,000.
• Optima Kierland
  • Two bedrooms, two and one-half bathrooms, 1,579 square feet. Asking price was $1,197,500.
  • Two bedrooms and bathrooms, 1,511 square feet. Asking price was $1,800,000.
  • Four bedrooms, three bathrooms, 2,619 square feet. Asking price was $2,495,000.
  • Four bedrooms, three bathrooms, 2,433 square feet. Asking price was $2,749,000.
  • Three bedrooms, three and one-half bathrooms, 2,839 square feet. Asking price was $2,800,000.
• Optima Camelview – Three bedrooms and two and one-half bathrooms, 2,487 square feet. Asking price was $2,500,000.
• Landmark Condominiums – Three bedrooms and bathrooms, 2,548 srfgretquare feet. Asking price $1,350,000.

UCB Condos in Phoenix

• One Lexington – Two bedrooms, two and one-half bathrooms, 2,288 square feet. Asking price was $1,295,000.
• The Residences at 2211 Camelback
  • Three bedrooms and bathrooms, 3,000 square feet. Asking price was $1,545,000.
  • Three bedrooms and bathrooms, 2,875 square feet. Asking price was $1,888,000.
• Two Biltmore Estates – Three bedrooms, three and one-half bathrooms, 3,860 square feet. Asking price was $2,795,000.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were a whopping twenty-five pending sales at the end of November! Twenty-one of them were in Scottsdale and many of these were in the Seven community of Desert Mountain which is currently under development.

Scottsdale Pending Luxury Condos

• The Reserve – This community is under construction.
  • Two bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,004,500.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,016,000.
• Seven at Desert Mountain
  • Three bedrooms, three and one-half bathrooms, 2,414 square feet. Asking price was $1,505,002.
  • Three bedrooms, three and one-half bathrooms, 2,414 square feet. Asking price was $1,515,800.
  • Three bedrooms, three and one-half bathrooms, 2,414 square feet. Asking price was $1,530,700.
  • Three bedrooms, three and one-half bathrooms, 2,414 square feet. Asking price was $1,536,004.
  • Three bedrooms, three and one-half bathrooms, 2,414 square feet. Asking price was $1,612,768.
  • Two bedrooms, three and one-half bathrooms, 2,702 square feet. Asking price was $1,705,300.
  • Three bedrooms, three and one-half bathrooms, 2,716 square feet. Asking price was $1,774,200.
  • Three bedrooms, three and one-half bathrooms, 2,716 square feet. Asking price was $1,787,350.
  • Three bedrooms, three and one-half bathrooms, 2,716 square feet. Asking price was $1,809,900.
  • Three bedrooms, three and one-half bathrooms, 2,716 square feet. Asking price was $1,835,850.
• Optima Camelview – Two bedrooms and bathrooms, 1,257 square feet. Asking price was $1,024,900.
• Optima Kierland
  • Two bedrooms and bathrooms, 1,261 square feet. Asking price was $1,190,000.
  • Three bedrooms, two bathrooms, 1,758 square feet. Asking price was $1,195,000.
  • Two bedrooms and bathrooms, 1,290 square feet. Asking price was $1,195,000.
  • Three bedrooms, two and one-half bathrooms, 1,956 square feet. Asking price was $1,415,000.
  • Two bedrooms, two and one-half bathrooms, 2,000 square feet. Asking price was $1,800,000.
• Safari Drive – Two bedrooms, two and one-half bathrooms, 2,714 square feet. Asking price was $1,025,000.
• The Mark – Two bedrooms, two and one-half bathrooms, 2,165 square feet. Asking price was $1,075,000.
• Plaza Lofts at Kierland – Two bedrooms, two and one-half bathrooms, 2,000 square feet. Asking price was $1,800,000.

Phoenix Pending Luxury Condo

• Crystal Point – Three bedrooms, two bathrooms and 2,718 square feet. Asking price was $1,000,000.
• The Residences at 2211 Camelback – Three bedrooms and bathrooms and 3,000 square feet. Asking price was $1,950,000.
• Esplanade Place – Three bedrooms and bathrooms and 3,054 square feet. Asking price was $2,100,000.
• Two Biltmore Estates – Two bedrooms, three bathrooms and 4,817square feet. Asking price was $2,975,000.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Sales were up to ten in November. All of them were in Scottsdale with the exception of one.

Scottsdale Luxury Condo Sales

• Optima Kierland – Two bedrooms, two and one-half bathrooms, 1,535 square feet. Asking price was $1,259,000.
• Seven at Desert Mountain
  • Three bedrooms, three and one-half bathrooms, 2,414 square feet. Asking price was $1,495,000 and it sold for $1,405,000.
  • Three bedrooms, three and one-half bathrooms, 2,716 square feet. Asking price was $1,868,410 and it sold for $1,800,000.
• Landmark Condominiums – Three bedrooms, two and one-half bathrooms, 3,054 square feet. Asking price $1,250,000 and it sold for list price.
• Scottsdale Waterfront Residences
  • Three bedrooms, two bathrooms, 1,907 square feet. Asking price was $1,250,000 and it sold for $1,175,000.
  • Three bedrooms, two bathrooms, 1,781 square feet. Asking price was $1,200,000 and it sold for list price.
  • Two bedrooms and bathrooms, 1,815 square feet. Asking price was $2,541,000 and it sold $2,500,000.
• Optima Kierland
  • Three bedrooms, two and one-half bathrooms, 1,956 square feet. Asking price was $1,075,000 and it sold for $1,306,680
  • Two bedrooms two and one-half bathrooms, 1,535 square feet. Asking price was $1,259,000 and it sold for $1,240,000.

Phoenix Luxury Condo Sales

• Fairway Lodge at 8 Biltmore – Two bedrooms, two and one-half bathrooms, 2,376 square feet. Asking price was $1,288,000 and it sold for list price.

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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 12/1/2021 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.
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