Phoenix and Scottsdale AZ Luxury Condo Sales – March 2023

Luxury Condo Sales in Scottsdale and Phoenix – March 2023

The sales momentum of luxury condos carried over to the month of March. 

In this analysis, we look at the sales activity of Scottsdale and Phoenix luxury condos. To be included, the condo had to have a list price of $1,000,000 or more. 

ACTIVE LISTINGS AT THE END OF MARCH

Inventory was up quite a bit at the end of March. February ended with fifty-one luxury units for sale and March ended with sixty units for sale. 

The highest-priced condo on the market at the end of the month was located in The Plaza Lofts at Kierland. This penthouse unit has three bedrooms, three and one-half bathrooms and 4,059 square feet. It was on the market for $5,995,000.

The least expensive condo for sale was in the Optima Camelview community is a carryover from previous months. This unit comes with two bedrooms and bathrooms and 1,346 square feet. It was on the market for $1,000,000. 

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UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

The number of UCB contracts fell in March to two and each city had one.

UCB Condos in Scottsdale

• Portico Condominiums– Portico is under development in North Scottsdale. Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,440,000.

UCB Condos in Phoenix

• One Lexington – Two bedrooms, two and one-half bathrooms and 2,835 square feet. Asking price was $1,695,000.

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PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Pending contracts were up again in March. The month ended with 61 pending sales with the bulk of them located in communities under development in Scottsdale. 

Scottsdale Pending Luxury Condos

• Optima Kierland– Two bedrooms, two and one-half bathrooms, 1,579 square feet. Asking price was $1,625,000.
• Plaza Lofts at Kierland – Two bedrooms and bathrooms, 1,636 square feet. Asking price was $1,795,000 and it closed for list price.
• Scottsdale Waterfront  – Two bedrooms, two and one-half bathrooms, 2,227 square feet. Asking price was $1,895,000.
• Optima Camelview – Three bedrooms, two bathrooms, 2,000 square feet. Asking pice was $2,250,000.
• Portico Scottsdale Condominiums – This is a new development in North Scottsdale.
  • 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 $1,431,000.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,582,200.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,637,100.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,658,500.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,660,000.
  • 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 $1,695,000.
  • 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 $1,738,000.
  • 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 $1,879,000.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,890,000.
  • Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,899,000.
• 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.
  • 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.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,447,500.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,532,900.
• 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.
  • Two bedrooms, two and one-half bathrooms, 3,363 square feet. Asking price was $3,250,000
  • 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, three and one-half bathrooms, 3,170 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.

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LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

It was a great sales month for luxury condos. There were ten sales and they were equally split between Scottsdale and Phoenix.

Scottsdale Luxury Condo Sales

• The Reserve – Three bedrooms and bathrooms, 2,675 square feet. Asking price was $1,3652,000 and it closed for $1,325,000.
• Plaza Lofts at Kierland – Two bedrooms and bathrooms, 1,636 square feet. Asking price was $1,400,000 and it closed for $1,350,000.
• Optima Kierland– Two bedrooms, two and one-half bathrooms, 1,754 square feet. Asking price was $1,725,000 and it closed for $1,625,000.
• Scottsdale Waterfront
  • Three bedrooms, three and one-half bathrooms, 2,503 square feet. Asking price was $2,350,000 and it sold for list price.
  • Three bedrooms, three and one-half bathrooms, 3,940 square feet. Asking price was $5,900,000 and it sold for $5,500,000. 

Phoenix Luxury Condo Sales

• Esplanade Place 
  • Three bedrooms, two and one-half bathrooms, 3,000 square feet. Asking price was $1,350,000 and it closed for $1,325,000.
  • Two bedrooms and bathrooms, 2,417 square feet. Asking price was $1,500,000 and it closed for list price. 
• Portland on the Park
  • Three bedrooms and bathrooms, 2,486 square feet. Asking price was $1,300,000 and it closed for list price.
  • Three bedrooms and bathrooms, 2,486 square feet. Asking price was $1,500,000 and it closed for list price.
• Toscana at Desert Ridge – Two bedrooms, two and one-half bathrooms, 2,028 square feet. Asking price was $1,099,900 and it closed for $1,065,000.

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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 4/1/2023 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 ©2023 Heather Tawes Nelson | Joyce Tawes