Phoenix & Scottsdale Luxury Condo Sales Information
Here are the most recent sales statistics for the luxury condo market in Scottsdale and Phoenix, Arizona. This market is defined as condos for sale with list prices in excess of $1 million.
Want to learn more? Click to learn more about the communities that comprise the luxury condo market in Scottsdale, Phoenix and Tempe.
Scottsdale and Phoenix Luxury Condos
Scottsdale and Phoenix – October 2024
| For Sale: | 82 |
| UCB*: | 7 |
| Pending: | 132 |
| Sold: | 6 |
| Average Asking Price: | $2,262,687** |
| Average Asking Price/Sq. Ft.: | $979.34** |
| Average Sold Price: | $1,319,266 |
| Average Sold Price/Sq. Ft.: | $689.39 |
| Sales Price to List Price: | 95.7% |
* UCB (Under contract, backup offers) – This status means there is an accepted contract on the home, but the seller is looking for backup offers.
** There is a unit listed for $12,900,000 which is making these figures skew higher.
Scottsdale Luxury Condos
Scottsdale Luxury Condo Sales – October 2024
| For Sale: | 65 |
| UCB*: | 2 |
| Pending: | 132 |
| Sold: | 3 |
| Average Asking Price: | $2,457,789** |
| Average Asking Price/Sq. Ft.: | $1,064.86** |
| Average Sold Price: | $1,352,667 |
| Average Sold Price/Sq. Ft.: | $728.12 |
| Sales Price to List Price: | 94.0% |
* UCB (Under contract, backup offers) – This status means there is an accepted contract on the home, but the seller is looking for backup offers.
** There is a unit listed for $12,900,000 which is making these figures skew higher.
Phoenix Luxury Condos
Phoenix Luxury Condo Sales – October 2024
| For Sale: | 17 |
| UCB*: | 5 |
| Pending: | 0 |
| Sold: | 3 |
| Average Asking Price: | $1,516,711 |
| Average Asking Price/Sq. Ft.: | $652.36 |
| Average Sold Price: | $1,285,865 |
| Average Sold Price/Sq. Ft.: | $650.65 |
* UCB (Under contract, backup offers) – This status means there is an accepted contract on the home, but the seller is looking for backup offers.
Historical Sales
Luxury Condo Sales History
- In 2023, there were 90 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $980,000 and the highest-priced sale was $5,500,000.
- In 2022, there were 130 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $960,000 and the highest-priced sale was $6,000,000.
- In 2021, there were 153 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $910,000 and the highest-priced sale was $4,200,000.
- In 2020, there were 62 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $900,000 and the highest-priced sale was $2,627,000.
- In 2019, there were 54 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $1,020,000 and the highest-priced sale was $3,550,000.
- In 2018, there were 44 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $1,000,000 and the highest-priced sale was $3,450,000.
- In 2017, there were 53 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $869,500 and the highest-priced sale was $3,318,000.
- In 2016, there were 28 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $925,000 and the highest-priced sale was $3,200,000.
- In 2015, there were 30 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $1,000,000 and the highest-priced sale was $2,300,000.
- In 2014, there were 31 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $900,000 and the highest-priced luxury condo sale was $2,650,000.
- In 2013, there were 33 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $950,000 and the highest-priced luxury condo sale was $3,600,000.
- In 2012, there were 30 luxury condo sales in Scottsdale and Phoenix. The lowest-priced sale was $935,000 and the highest-priced luxury condo sale was $2,700,000.
Disclaimer: This analysis looks at resale condominiums on the market with list prices of $1 million and above. Data is pulled from the Arizona Regional MLS (ARMLS) every month on the 1st and can change at any time. Some new inventory may be represented if the developer has entered it into the MLS.
