Phoenix and Scottsdale AZ Luxury Condo Sales – July 2023

Luxury Condo Sales in Scottsdale and Phoenix – July 2023

Sales tapered off in July, but we did still see some contract activity in the Scottsdale and Phoenix luxury condo market.  

This analysis examines the luxury condo market within Scottsdale and Phoenix. To be included, the homes had to be listed for $1 million or more. 

ACTIVE LISTINGS AT THE END OF JULY

Active listings fell from 47 at the end of June to 41 at the end of July. The vast majority of them, 37, were located in Scottsdale.  

The most and least expensive luxury condos on the market remained the same as what we saw in June. Coming out at the top in terms of pricing was a home within ICON at Silverleaf. This spacious condo comes with 5,534 square feet, five bedrooms and five and one-half bathrooms.

The Reserve in Scottsdale had the least expensive luxury condo. It has two bedrooms, two and one-half bathrooms and 2,179 square feet. It was listed for $1,075,000.

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UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were no UCB contracts in the pipeline at the end of the month for Phoenix. All of the activity was in Scottsdale.

UCB Condos in Scottsdale

• Optima Kierland – Three bedrooms and bathrooms, 1,365 square feet. Asking price was $1,397,000.
• Hotel Valley Ho – Penthouse with two bedrooms, three bathrooms and 1,733 square feet. Asking price was $1,495,000.
• Seven at Desert Mountain – Three bedrooms, three and one-half bathrooms, 2,716 square feet. Asking price was $2,000,000.
• Optima Camelview – Three bedrooms, two bathrooms, 2,094 square feet. Asking price was $2,100,000.

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PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

By the end of July, Scottsdale had added an additional two pending sales to the pipeline, closing out the month at 72. Almost all of the pending sales are located in communities that are being built out.  

Scottsdale Pending Luxury Condos

• Optima Camelview – Two bedrooms and bathrooms, 1,625 square feet. Asking price was $1,395,000.
• Envy Condominiums – Two bedrooms and bathrooms, 1991 square feet. Asking price was $1,850,000.
• Portico Scottsdale Condominiums – This is a new development in North Scottsdale.
  • Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,025,000.
  • Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,060,000.
  • Two bedrooms, two and one-half bathrooms, 1,939 square feet. Asking price was $1,064,650.
  • 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 $1,444,500.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,475,000.
  • 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 $1,695,000.
  • Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,733,400.
  • 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 $1,845,750.
  • 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 $2,016,950.
• The Reserve – This community is under construction.
  • 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 and bathrooms, 1,847 square feet. Asking price was $2,075,000.
  • One bedroom, two bathrooms, 1,677 square feet. Asking price was $2,195,000.
  • Two bedrooms and bathrooms, 2,157 square feet. The asking price was $2,225,000.
  • Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,285,000.
  • Two bedrooms and bathrooms, 2,294 square feet. Asking price was $2,385,000.
  • Two bedrooms, two and one-half bathrooms, 2,679 square feet. Asking price was $2,395,000.
  • Two bedrooms, three bathrooms, 2,157 square feet. Asking price was $2,425,000.
  • Two bedrooms and bathrooms, 2,068 square feet. Asking price was $2,485,000.
  • Two bedrooms and bathrooms, 2,157 square feet. Asking price was $2,750,000.
  • Two bedrooms and bathrooms, 2,579 square feet. Asking price was $2,850,000.
  • Two bedrooms and bathrooms, 2,318 square feet. Asking price was $2,950,000.
  • Two bedrooms and bathrooms, 2,683 square feet. Asking price was $2,985,000.
  • Two bedrooms, three bathrooms, 2,579 square feet. Asking price was $3,100,000.
  • Two bedrooms and bathrooms, 2,318 square feet. Asking price was $3,385,000.
  • Two bedrooms and bathrooms, 2,592 square feet. Asking price was $3,525,000.
  • Two bedrooms and bathrooms, 2,526 square feet. Asking price was $3,695,000.
  • 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 $4,450,000.
  • Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,500,000.
  • 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 $3,195,000.
  • 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.
  • Three bedrooms,  four bathrooms, 3,157 square feet. Asking price was $3,600,000.
  • Three bedrooms, four bathrooms, 3,867 square feet. Asking price was $3,600,000.
  • Five bedrooms, five and one-half bathrooms, 5,534 square feet. Asking price was $5,985,000.
  • 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

• The Luxe at Desert Ridge – Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,170,977.

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LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were only five sales completed in July and all of them were located in Scottsdale. 

Scottsdale Luxury Condo Sales

• Optima Camelview – Two bedrooms and bathrooms, 1,387 square feet. Asking price was $1,495,000 and it sold for $1,425,000.
• Safari Drive – Three bedrooms and bathrooms, 2,056 square feet. Asking price was $1,099,500 and it sold for $985,000.
• Scottsdale Waterfront Residences – Three bedrooms, three and one-half bathrooms, 2,503 square feet. Asking price was $2,750,000 and it sold for $2,700,000.
• The Reserve 
  • Two bedrooms, two and one-half bathrooms, 2,639 square feet. Asking price was $1,271,450 and it sold for $1,416,714.
  • Three bedrooms and three bathrooms, 2,675 square feet. Asking price was $1,279,900 and it sold for $1,467,993.

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Phoenix Luxury Condo Sales

• There were no sales in Phoenix in July. 
  

  
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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 8/1/2023 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