Phoenix and Scottsdale AZ Luxury Condo Sales – November 2022

Luxury Condo Sales in Scottsdale and Phoenix – November 2022

The Scottsdale and Phoenix luxury condo market had a decent November. Inventory was more or less level, sales were slightly better than October and pending sales went up again.  

In this report, we look at the Scottsdale and Phoenix luxury condominium markets. These condos were all on the market with a list price of $1 million and up. 

ACTIVE LISTINGS AT THE END OF NOVEMBER

Inventory was more or less level with October, moving up by one.  Of the fifty-seven units for sale, fifty-two of them were located in Scottsdale. 

At the top of the listed prices is a home that has remained there for several months. Located in the Ascent at the Phoenician, it is listed for $4,450,000. It has three bedrooms and three and one-half bathrooms and 3,985 square feet. 

The least expensive unit on the market at the end of the month was in the Toscana at Desert Ridge community. It has two bedrooms, two and one-half bathrooms and 2,018 square feet. It was on the market for $1,024,000.

 

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UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There was a single UCB contract in play at the end of the month. 

UCB Condos in Scottsdale

• Portico Condominiums– This is a new development in North Scottsdale. Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,425,600.

 

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PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

The number of spending rose again in November. October ended with fifty-one pending and in November, that number climbed to fifty-six.

Just to clarify, the reason we are seeing such a backlog of pending sales is that there are a number  of communities being built out right now. 

Scottsdale Pending Luxury Condos

• Optima Kierland
  • Two bedrooms, two and one-half bathrooms, 1,838 square feet. Asking price was $2,100,000.
• Portico Scottsdale Condominiums – This is a new development in North Scottsdale.
  • Three bedrooms, two and one-half bathrooms, 2,090 square feet. Asking price was $1,056,000.
  • Three bedrooms, two and one-half bathrooms, 2,090 square feet. Asking price was $1,188,000.
  • Three bedrooms, two and one-half bathrooms, 2,090 square feet. Asking price was $1,188,000.
  • Three bedrooms, two and one-half bathrooms, 2,090 square feet. Asking price was $1,250,600.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,425,600.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,458,000.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,652,400.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,669,000.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,695,600.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,728,000.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,738,800.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,814,400.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,814,400.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,890,000.
• 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 $1,026,500.
  • Two bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,150,000.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,063,000.
  • Two bedrooms, two and one-half bathrooms, 2,020 square feet. Asking price was $1,075,000.
  • 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, 3,996 square feet. Asking price was $4,750,000.
  • Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,895,000.
  • Three bedrooms, three and one-half bathrooms, 3,945 square feet. Asking price was $4,950,000.
• ICON at Silverleaf – Currently under construction.
  • Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $1,995,000.
  • Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,150,000.
  • Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,500,000.
  • Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,625,000.
  • 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 $2,750,000.
  • Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,800,000.
  • Two bedrooms, three bathrooms, 2,752 square feet. Asking price was $2,900,000.
  • Three bedrooms, four bathrooms, 3,157 square feet. Asking price was $2,900,000.
  • Three bedrooms and bathrooms, 3,157 square feet. Asking price was $2,995,000.
  • 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, 5,534 square feet. Asking price was $8,000,000
  • Four bedrooms, four and one-half bathrooms, 6,288 square feet. Asking price was $8,350,000. 

Phoenix Pending Luxury Condos

• One Lexington – Two bedrooms, two and one-half bathrooms, 2,288 square feet. Asking price was $1,295,000.
• The Residences at 2211 Camelback
  • Two bedrooms, three bathrooms, 3,000 square feet. Asking price was $1,175,000.
  • Two bedrooms, three bathrooms, 3,000 square feet. Asking price was $1,250,000.

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LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were six sales of luxury condos during the month of November. 

Scottsdale Luxury Condo Sales

• Scottsdale Waterfront Residences
  • Three bedrooms, three and one-half bathrooms, 2,975 square feet. Asking price was $2,799,000 and it sold for $2,600,000.
  • Two bedrooms, two and one-half bathrooms, 2,092 square feet. Asking price was $1,695,000 and it sold for $1,500,000.
• The Mark – Three bedrooms, three and one-half bathrooms, 1,907 square feet. Asking price was $1,050,000 and it sold for $1,000,000.
• Optima Kierland
  • Two bedrooms and bathrooms, 1,686 square feet. Asking price was $1,399,000 and it closed for $1,350,000.
  • Three bedrooms, three and one-half bathrooms, 2,451 square feet. Asking price was $3,500,000 and it closed for $3,075,000.

Phoenix Luxury Condo Sale

• Portland on the Park – Three bedrooms and bathrooms, 1,906 square feet. Asking price was $1,150,000 and it closed for $1,077,500.
  
  

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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 12/1/2022 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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