Luxury Condo Sales in Scottsdale and Phoenix – April 2024
Scottsdale and Phoenix’s luxury condo market had a slower April when compared to March. Inventory was more or less level and new contracts and closed sales were down slightly.
To be included in this report, all of these condo units had to have been listed for $1 million or more.
Luxury Condo Market - April 2024 Phoenix and Scottsdale AZ All Luxury Condos Scottsdale Luxury Condos Phoenix Luxury Condos Units on the Market - Number of Units for Sale 93 73 20 - Average Asking Price $2,257,470 $2,449,745 $1,555,664 - Average Asking Price Per Sq. Ft. $931.64 $1,020.21 $608.36 - Average Days on Market*- Active 111 116 92 UCB Sales (Under Contract - Accepting Backup Offers) - Number of Units UCB 8 2 6 - Average UCB Price $1,433,695 $1,717,500 $1,339,094 - Average UCB Price Per Sq. Ft. $789.50 $1,001,62 $718.80 Pending Sales - Number of Units Pending 119 119 0 - Average Pending Price $2,853,589 $2,853,589 N/A - Average Pending Price Per Sq. Ft. $1,019.60 $1,019.60 N/A Luxury Condo Sales - Number of Units Sold 8 7 1 - Average Sales Price $1,376,125 $1,359,143 $1,495,000 - Sales Price to List Price 98.5% 98.6% 98.0% - Average Sold Sq. Feet 1,995 1,941 2,376 - Average Sales Price per Sq. Ft. $726.05 $739.89 $629.21 - Average Days on Market* - Sold 80 85 41 - Highest Sale Price $1,950,000 $1,950,000 $1,495,000 - Lowest Sale Price $1,175,000 $1,175,000 $1,495,000 - Percentage of Total Sales 100% 88% 12%
ACTIVE LISTINGS AT THE END OF APRIL
At the end of April, there were 93 luxury condos on the market. This is up slightly from March, where there were 91 listings.
The highest priced condo for sale is located in ICON at Silverleaf The last penthouse unit available comes with four bedrooms, four and one-half bathrooms and 6,288 square feet. The asking price for this home was $12,900,000, which is the most our market has seen a condo listed for.
The lowest-priced luxury condo is a carryover from last month. Priced at one million, this Optima Camelview Village unit has two bedrooms and bathrooms and 1,233 square feet.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
UCB contracts fell to eight by the end of April. Typically, Scottsdale tends to have more activity than Phoenix, but in April, six of the eight were located in Phoenix.
UCB Condos in Scottsdale
- Optima Kierland – Two bedrooms and bathrooms, 1,258 square feet. Asking price was $1,140,000.
- Scottsdale Waterfront Residences – Two bedrooms, two and one-half bathrooms, 2,092 square feet. Asking price was $2,295,000.
UCB Condos in Phoenix
- Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,781 square feet. Asking price was $1,248,181.
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,262,389.
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,280,049.
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,292,596.
- Two bedrooms, two and one-half bathrooms, 2,025 square feet. Asking price was $1,394,396.
- Two bedrooms, two and one-half bathrooms, 2,025 square feet. Asking price was $1,556,951.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Pending inventory is skewing very high since there are many new developments being built out. April closed with the same number of pendings as the previous month, 119. All of the pending sales are located in Scottsdale.
Scottsdale Pending Luxury Condos
- Oasis at Gainey Ranch – Two bedrooms and bathrooms, 1,776 square feet. Asking price was $1,495,000.
- Optima Kierland
- Two bedrooms, two and one-half bathrooms, 1,579 square feet. Asking price was $1,700,000.
- Two bedrooms, two and one-half bathrooms, 1,838 square feet. Asking price was $3,255,000.
- 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 $1,495,000.
- Three bedrooms and bathrooms, 2,396 square feet. Asking price was $1,505,000.
- 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 $1,664,000.
- Four bedrooms, three and one-half bathrooms, 2,768 square feet. Asking price was $1,718,000.
- 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 $1,744,000.
- 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 $1,450,000.
- One bedroom, one and one-half bathrooms, 1,698 square feet. Asking price was $1,475,000.
- Two bedrooms, two and one-half bathrooms, 1,789 square feet. Asking price was $1,600,000.
- Two bedrooms, two and one-half bathrooms, 1,847 square feet. Asking price was $1,600,000.
- Two bedrooms, two and one-half bathrooms, 1,789 square feet. Asking price was $1,650,000.
- Two bedrooms, two and one-half bathrooms, 1,847 square feet. Asking price was $1,650,000.
- 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.
- Two bedrooms, two and one-half bathrooms, 2,346 square feet. Asking price was $1,875,000.
- Two bedrooms, two and one-half bathrooms, 2,547 square feet. Asking price was $1,925,000.
- Two bedrooms, two and one-half bathrooms, 2,346 square feet. Asking price was $1,950,000.
- One bedroom, two bathrooms, 1,896 square feet. Asking price was $1,975,000.
- Two bedrooms, two and one-half bathrooms, 2,547 square feet. Asking price was $1,995,000.
- Two bedrooms, two and one-half bathrooms, 1,767 square feet. Asking price was $2,025,000.
- 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 $2,100,000.
- 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.
- Two bedrooms, two and one-half bathrooms, 2,589 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, 2,244 square feet. Asking price was $2,325,000.
- 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, 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, two and one-half bathrooms, 2,160 square feet. Asking price was $2,485,000.
- Two bedrooms, three bathrooms, 2,510 square feet. Asking price was $2,550,000.
- 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, three bathrooms, 2,318 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, three bathrooms, 2,294 square feet. Asking price was $2,875,000.
- 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, 2,510 square feet. Asking price was $2,995,000.
- Two bedrooms. three bathrooms, 2,599 square feet. Asking price was $2,995,000.
- Two bedrooms, three bathrooms, 2,497 square feet. Asking price was $3,050,000.
- Two bedrooms, three bathrooms, 2,592 square feet. Asking price was $3,100,000.
- Two bedrooms, three bathrooms, 2,527 square feet. Asking price was $3,275,000.
- Two bedrooms, three bathrooms, 2,326 square feet. Asking price was $3,375,000.
- Two bedrooms and bathrooms, 2,318 square feet. Asking price was $3,385,000.
- Two bedrooms, three bathrooms, 2,510 square feet. Asking price was $3,395,000.
- 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, four bathrooms, 3,200 square feet. Asking price was $4,295,000.
- 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, four bathrooms, 3,166 square feet. Asking price was $4,595,000.
- 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, two and one-half bathrooms, 2,750 square feet. Asking price was $2,375,000.
- 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 $2,600,000.
- 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.
- Three bedrooms, four bathrooms, 3,329 square feet. Asking price was $3,900,000.
- 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
- There were no pending sales in Phoenix at the end of March.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Eight luxury condos sold during the month of April. Seven of the eight sales were in Scottsdale.
Scottsdale Luxury Condo Sales
- Optima Kierland – Two bedrooms and bathrooms, 1,382 square feet. Asking price was $1,225,000 and it sold for $1,175,000.
- Eagles Pass
- Three bedrooms and bathrooms, 2,627 square feet. Asking price was $1,199,999 and it sold for list price.
- Three bedrooms, two and one-half baths, 2,387 square feet. Asking price was $1,279,000 and it sold for $1,259,000.
- The Mark
- Two bedrooms and bathrooms, 1,475 square feet. Asking price was $1,200,000 and it sold for list price.
- Two bedrooms, two and one-half bathrooms, 2,343 square feet. Asking price was $1,400,000 and it sold for list price.
- Optima Camelview
- Two bedrooms and bathrooms, 1,423 square feet. Asking price was $1,350,000 and it sold for $1,330,000.
- Three bedrooms, two bathrooms, 1,940 square feet. Asking price was $1,997,700 and it sold for $1,950,000.
Phoenix Luxury Condo Sales
- Fairway Lodge at the Biltmore – Two bedrooms, two and one-half bathrooms, 2,376 square feet. Asking price was $1,525,000 and it sold for $1,495,000.
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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 5/1/2024 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 ©2024 Heather Tawes Nelson | Joyce Tawes
