Luxury Condo Sales in Scottsdale and Phoenix – October 2023
Scottsdale and Phoenix’s luxury condo market continues to perform well. Sales were up again and we added more pending sales to the mix.
In this report, all of the homes were on the market for $1 million or more.
Luxury Condo Market - October 2023 | |||
Phoenix and Scottsdale AZ | |||
All Luxury Condos | Scottsdale Luxury Condos | Phoenix Luxury Condos | |
Units on the Market | |||
- Number of Units for Sale | 49 | 44 | 5 |
- Average Asking Price | $2,062,169 | $2,136,607 | $1,407,116 |
- Average Asking Price Per Sq. Ft. | $926.99 | $957.62 | $657.41 |
- Average Days on Market*- Active | 102 | 102 | 103 |
UCB Sales (Under Contract - Accepting Backup Offers) | |||
- Number of Units UCB | 5 | 3 | 2 |
- Average UCB Price | $2,730,000 | $2,683,333 | $2,800,000 |
- Average UCB Price Per Sq. Ft. | $926.41 | $1,059.14 | $727.32 |
Pending Sales | |||
- Number of Units Pending | 89 | 88 | 1 |
- Average Pending Price | $3,008,158 | $3,029,035 | $1,170,977 |
- Average Pending Price Per Sq. Ft. | $1,018.47 | $1,022.57 | $657.85 |
Luxury Condo Sales | |||
- Number of Units Sold | 8 | 5 | 3 |
- Average Sales Price | $2,131,869 | $2,739,990 | $1,118,333 |
- Sales Price to List Price | 94.9% | 95.6% | 92.0% |
- Average Sold Sq. Feet | 2,616 | 2,619 | 2,611 |
- Average Sales Price per Sq. Ft. | $792.26 | $1,004.18 | $439.06 |
- Average Days on Market* - Sold | 95 | 66 | 144 |
- Highest Sale Price | $5,000,000 | $5,000,000 | $1,240,000 |
- Lowest Sale Price | $1,030,000 | $1,100,000 | $1,030,000 |
- Percentage of Total Sales | 100% | 63% | 37% |
ACTIVE LISTINGS AT THE END OF OCTOBER
Inventory was up compared to September with about six additional units for sale. October closed out with forty-nine homes on the market. Forty-four of them were located in Scottsdale and the remaining five were in Phoenix.
The highest priced condo for sale has held this spot for several months now. It is located in ICON at Silverleaf. Offered at $5,400,000, this spacious condo comes with 5,534 square feet, five bedrooms and five and one-half bathrooms.
The lowest-priced condo for sale was located in Optima Camelview. It has two bedrooms and bathrooms and 1,243 square feet. It was on the market for $1,050,000.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
There were five homes in UCB status at the end of the month.
UCB Condos in Scottsdale
- Optima Kierland
- Three bedrooms and bathrooms, 2,018 square feet. Asking price was $2,350,000.
- Two bedrooms, two and one-half bathrooms, 2,704 square feet. Asking price was $3,200,000.
- Enclave at the Borgata – Two bedrooms, two and one-half bathrooms, 3,014 square feet. Asking price was $2,500,000.
UCB Condos in Phoenix
- Crystal Point – Two bedrooms, two and one-half bathrooms, 2,718 square feet. Asking price was $1,100,000.
- Esplanade Place – Three bedrooms. three and one-half bathrooms, 4,266 square feet. Asking price was $4,500,000.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Pending sales were up by four and ended the month at eighty-nine. The bulk of these, eighty-eight, were located in Scottsdale. A majority of these pendings are located in communities under development.
Scottsdale Pending Luxury Condos
- Retreat at Seven Desert Mountain – Three bedrooms, three and one-half bathrooms, 2,489 square feet. Asking price was $1,984,900.
- Scottsdale Waterfront Residences – Three bedrooms, three and one-half bathrooms, 3,139 square feet. Asking price was $3,299,000.
- 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 $1,444,500.
- 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 $1,587,000.
- 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.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,730,000.
- 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 $1,743,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,769,000.
- 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 $1,899,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,935,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $2,007,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $2,016,950.
- 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.
- One bedroom, two bathrooms, 1,519 square feet. Asking price was $1,725,000.
- One bedroom, two bathrooms, 1,519 square feet. Asking price was $1,725,000.
- One bedroom, two bathrooms, 1,896 square feet. Asking price was $1,975,000.
- 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, 1,678 square feet. Asking price was $2,100,000.
- One bedroom, two bathrooms, 1,678 square feet. Asking price was $2,175,000.
- 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, three bathrooms, 2,157 square feet. Asking price was $2,350,000.
- 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, two and one-half bathrooms, 1,848 square feet. Asking price was $2,395,000.
- Two bedrooms, three bathrooms, 2,294 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, two and one-half bathrooms, 2,160 square feet. Asking price was $2,485,000.
- Two bedrooms, two and one-half bathrooms, 1,848 square feet. Asking price was $2,625,000.
- Two bedrooms, three bathrooms, 2,593 square feet. Asking price was $2,695,000.
- Two bedrooms and bathrooms, 2,157 square feet. Asking price was $2,750,000.
- Two bedrooms, two and one-half bathrooms, 2,160 square feet. Asking price was $2,795,000.
- 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, 2,497 square feet. Asking price was $3,050,000.
- Two bedrooms, three bathrooms, 2,579 square feet. Asking price was $3,100,000.
- Two bedrooms, three bathrooms, 2,527 square feet. Asking price was $3,275,000.
- 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, four bathrooms, 3,037 square feet. Asking price was $4,150,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,450,000.
- Three bedrooms, three bathrooms, 3,141 square feet. Asking price was $4,475,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,500,000.
- Three bedrooms and bathrooms, 3,200 square feet. Asking price was $4,725,000.
- Three bedrooms, three and one-half bathrooms, 3,996 square feet. Asking price was $4,750,000.
- Three bedrooms, three bathrooms, 3,141 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 $5,400,000.
- 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
- Toscana at Desert Ridge – Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,170,977.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Eight luxury condos sold during October, Five of them were located in Scottsdale and the other three were located in Phoenix.
Scottsdale Luxury Condo Sales
- Optima Kierland
- Two bedrooms and bathrooms, 1,326 square feet. Asking price was $1,230,000 and it closed for $1,100,000.
- Three bedrooms and bathrooms, 2,018 square feet. Asking price was $2,650,000 and it closed for $2,550,000.
- Three bedrooms, three and one-half bathrooms, 2,837 square feet. Asking price was $3,850,000 and it sold for $3,650,000.
- Plaza Lofts at Kierland – Three bedrooms, three and one-half bathrooms, 4,059 square feet. Asking price was $5,200,000 and it sold for $5,000,000.
- The Reserve Scottsdale – Three bedrooms, two and one-half bathrooms, 2,639 square feet. ASking price was $1,399,950 and it sold for asking price.
Phoenix Luxury Condo Sales
- Artisan Lofts on Central – Three bedrooms, two and one-half bathrooms, 3,089 square feet. Asking price was $1,100,000 and it sold for $1,030,000.
- One Lexington – Two bedrooms, two and one-half bathrooms, 2,288 square feet. Asking price was $1,295,000 and it sold for $1,240,000.
- Optima Biltmore – Two bedrooms, two and one-half bathrooms, 2,456 square feet. Asking price was $1,250,000 and it sold for $1,085,000.
Search Phoenix and Scottsdale Luxury Condos for Sale
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 11/1/2023 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