Phoenix and Scottsdale AZ Luxury Condo Sales – April 2022

– Luxury Condo Sales in Scottsdale and Phoenix – April 2022 –

Things picked up again in April for the luxury condo market in Scottsdale and Phoenix. New contracts were up as well as actual sales. Pending sales are the highest we have seen due to several communities that are still under construction.

In this report, we examine the sales activity of luxury condos in our local market. All of these condos had list prices of one million dollars or more. 

ACTIVE LISTINGS AT THE END OF APRIL

The number of units for sale dropped again. April closed out with forty units for sale, which is quite a bit lower than the fifty-four condos for sale at the end of February. 

The highest-priced unit is located in the new development called Ascent at the Phoenician. This unit has three bedrooms, three and one-half bathrooms and is 3,996 square feet. It was listed for $4,850,000.

On the lower-priced side, there were two units listed for $1 million each. The first was a one bedroom and bathroom with 806 square feet in Optima Camelview.

The other unit million dollar unit was in Scottsdale’s Eagle’s Pass and had three bedrooms and bathrooms and 2,386 square feet. 

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UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

UCB contracts doubled between March and April. At the end of the month, there were 10 UCB contracts. Eight of them were located in Scottsdale.

UCB Condos in Scottsdale

• Landmark Condominiums – Three units went into UCB status in April. 
  • Three bedrooms and bathrooms, 3,045 square feet. Asking price was $1,600,000.
  • Two bedrooms, three bathrooms, 2,690 square feet. Asking price was $1,699,000.
  • Four bedrooms and bathrooms, 4,065 square feet. Asking price was
    $2,499,000.
• Optima Camelview
  • Three bedrooms, two bathrooms, 1,710 square feet. Asking price was $1,375,000.
  • Three bedrooms, two bathrooms, 1,727 square feet. Asking price was $1,500,000.
• Optima Kierland
  • Two bedrooms, two and one-half bathrooms, 1,579 square feet. Asking price was $2,149,000.
  • Two bedrooms, two and one-half bathrooms, 1,980 square feet. Asking price was $2,250,000.
  • Three bedrooms and bathrooms, 2,018 square feet. Asking price was $3,195,000.

UCB Condos in Phoenix

• Fairway Lodge at the Biltmore – Three bedrooms, two and one-half bathrooms, 2,376 square feet. Asking price was $1,500,000.
• Esplanade Place – Three bedrooms and bathrooms, 3,334 square feet. Asking price was $2,175,000.

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PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Pending sales climbed to forty-two by the end of April. This is the highest we have seen this figure. Forty of them were located in Scottsdale and a vast majority of them were in communities being built including Seven in Desert Mountain, The Reserve and Ascent at the Phoenician.

Scottsdale Pending Luxury Condos

• Optima Kierland
  • Two bedrooms and bathrooms, 1,657 square feet. Asking price was $1,195,000.
  • Two bedrooms, two and one-half bathrooms, 1,579 square feet. Asking price was $1,750,000.
  • Three bedrooms, two bathrooms, 1,763 square feet. Asking price was $1,770,000.
• The Reserve – This community is under construction.
  • Two bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,004,500.
  • Two bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,011,500.
  • Two bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,012,450.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,016,000.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,026,500.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,063,000.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,159,000.
  • Two bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,271,450.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,279,900.
• Ascent at the Phoenician – This is another fantastic development underway.
  • One bedroom, one and one-half bathrooms, 1,698 square feet. Asking price was $1,475,000.
  • Two bedrooms, two and one-half bathrooms, 1,847 square feet. Asking price was $1,600,000.
  • Two bedrooms, two and one-half bathrooms, 2,374 square feet. Asking price was $2,050,000.
  • Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,285,000.
  • Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,395,000.
  • Three bedrooms, three and one-half bathrooms, 3,867 square feet. Asking price was $3,975,000.
  • Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,100,000.
  • Three bedrooms, three and one-half bathrooms, 3,945 square feet. Asking price was $4,950,000.
• Seven at Desert Mountain – This community is also under construction.
  • 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 $1,530,700.
  • 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.
• ICON in Silverleaf
  • Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,900,000.
  • Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,500,000.
  • Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,700,000.
  • Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,175,000.
  • Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $3,200,000.
  • Three bedrooms, four bathrooms 3,157 square feet. Asking price was $3,350,000.
  • Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $6,900,000.
  • Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $7,700,000.
  • Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $7,718,000.
  • Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $8,350,000.
• Main Street Place – Three bedrooms, three and one-half bathrooms, 4,122 square feet. Asking price was $2,795,000.

Phoenix Pending Luxury Condos

• One Lexington – Two bedrooms, two and one-half bathrooms, 2,288 square feet. Asking price was
  $1,295,000.
• Fairway Lodge at the Biltmore – Three bedrooms, two and one-half bathrooms, 2,376 square feet. Asking price was $1,425,000.

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LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Sales were up to fourteen in April compared to March’s eleven luxury condo sales. Twelve of the fourteen sales were in Scottsdale.

Scottsdale Luxury Condo Sales

• Seven at Desert Mountain -Three bedrooms, three and one-half bathrooms, 2,414 square feet. Asking price was $1,515,800 and it closed at list price.
• Main Street Place  – Two bedrooms, two and one-half bathrooms, 2,537 square feet. Asking price was $1,953,500 and it closed for $1,800,000.
• Plaza Lofts at Kierland – Two bedrooms and bathrooms, 1,592 square feet. Asking price was $1,395,000 and it closed for $1,275,000.
• Scottsdale Waterfront Residences
  • Two bedrooms, two and one-half bathrooms and 2,469 square feet. Asking price was
    $2,375,000 and it closed for $2,234,445.
  • Two bedrooms, two and one-half bathrooms and 2,265 square feet. Asking price was
    $2,212,500 and it closed for $2,100,000.
  • Two bedrooms and bathrooms, 1,457 square feet. Asking price was $1,150,000 and it closed for list price.
  • Three bedrooms, three and one-half bathrooms and 2,503 square feet. Asking price was
    $2,462,500 and it closed for $2,450,000.
  • Three bedrooms, three and one-half bathrooms, 2,503 square feet. Asking price was $2,700,000 and it closed for $2,500,000.
• Optima Camelview
  • Two bedrooms, two bathrooms, 1,463 square feet. Asking price was $1,395,000 and it closed $1,300,000.
  • Two bedrooms, two bathrooms, 1,692 square feet. Asking price was $1,335,000 and it closed for list price.
  • Three bedrooms, two bathrooms, 2,129 square feet. Asking price was $1,299,000 and it sold for $1,255,000.
  • Three bedrooms, two bathrooms, 1,826 square feet. Asking price was $1,199,900 and it sold for $1,160,000.

Phoenix Luxury Condo Sales

• Portland on the Park – Three bedrooms and bathrooms, 1,941 square feet. Asking price was $1,200,000 and it sold for list price.
• Portland on the Park – Two bedrooms, two and one-half bathrooms, 2,185 square feet. Asking price was $1,575,000 and it closed for $1,440,000.

 

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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 5/1/2022 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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