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Quick Video Update of the Scottsdale Real Estate Market – June 2020

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– June 2020 Scottsdale Housing Market Video –

June 2020 – Video

June saw home sales rebound to the same kind of sales activity we saw in June 2019 and sales increased 64% over May of this year. 

Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of June.

 

Scottsdale Active Listings

Scottsdale homes for Sale June 2020

The number of homes for sale fell again to end the month under 1,100. This is a 15% decrease from the end of May. 

This very low inventory number will continue to hamper sales activity, especially in the lower price points. Those homes are selling quickly and many of them are selling for over asking prices. 

Median List Price for Scottsdale Homes

Scottsdale homes median list price June 2020

The median list prices the exact midpoint of all home prices. One half is priced higher and one half is priced lower. (People like to track this metric versus average price, because a very high or very low price can skew the average.)

June’s median list price was $1.18 million. This is up slightly from May, when it was $1.1 million. However, it is way up from June 2019’s $875K.

Days on Market

Scottsdale homes Days on Market June 2020

Days on Market (also referred to as DOM,) is a quick measure to see if a market is healthy or not. Low DOMs mean homes are selling rapidly, whereas higher DOMs mean homes are sitting on the market longer. 

June’s Days on Market was 78 days. This is a 25% decrease from the same time last year, showing you the current demand in the market.

Median Sales Price for Scottsdale Homes

Scottsdale homes median sale price June 2020

Here is the median price again, but this time it is for the homes that sold. 

The median sales price in Scottsdale in June was $629,000.

It was up over June 2019’s $594K and May 2020’s $629K. 

Number of Homes Sold

This last section looks at home sales. 

Scottsdale homes sold June 2019 versus 2020

This first image compares sales from June 2019 to June 2020. As you can see sales were level year-over-year.

Scottsdale home sales June 2020 vs May 2020

Here is an impressive one that shows month-over-month sales. Sales were up an impressive 64% over May. 

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel.

Interested in other stats for our market? Visit our Real Estate Market Update page.

 

Disclaimer: Data deemed to be accurate, but is not guaranteed.

Phoenix and Scottsdale AZ Luxury Condo Sales – June 2020

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– Luxury Condo Sales in Scottsdale and Phoenix – June 2020 –

Luxury condo sales had a better month in June, but activity was still a little lacking,

This report takes a look at condos priced at or above $1 million in Scottsdale and Phoenix.

ACTIVE LISTINGS AT THE END OF JUNE

Inventory dropped from seventy-seven luxury condos for sale at the end of May to seventy at the end of June. Fifty-two were located in Scottsdale and eighteen were in Phoenix.

  • The highest-priced luxury condo for sale is found at Optima Kierland. This unit with three bedrooms, four bathrooms, three terraces and amazing views was listed for $3,895,000.
  • There were two condos that came in with the lowest asking prices. In Scottsdale, a three bedroom, two bathroom unit with 1,758 square feet in Optima Kierland was listed for $1,049,000. In Phoenix, there was a three bedroom, two and one-half bathroom unit with 2,755 square feet. It was also listed for $1,049,000.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There was a single unit in UCB status at the end of June.

This penthouse unit was located in Envy Residences in Old Town Scottsdale. It had two bedrooms, two and one-half bathrooms and 1.763 square feet. It was on the market for $1,199,000.

*UCB status means a condo has an accepted contract, but that the seller has requested that they accept backup offers. Most times you will see this status when the contract is in the inspection/due diligence period.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

June ended with nine pending sales of luxury condos.

The nine pending contracts were divided between Optima Kierland and ICON at Silverleaf and a single one at Plaza Lofts at Kierland.

Scottsdale Pending Luxury Condos

  • Optima Kierland is currently under development, so all of these units have been in pending status for a while.
    • Two bedroom and two bathrooms with 1,636 square feet. It was listed for $1,195,000.
    • Two bedrooms and two and one-half bathrooms with 1,956 square feet. It was listed for $1,750,000.
    • Three bedrooms and bathrooms with 2,704 square feet. It was on the market for $1,816,000.
    • Three bedrooms and bathrooms with 2,018 square feet. It was on the market for $1,939,000.
    • Three bedrooms and bathrooms with 2,704 square feet. It was listed for $2,080,000.
  • ICON Silverleaf had three pending sales.
    • Three bedrooms, three and one-half bathrooms with 3,173 square feet. It was on the market for $1,490,000.
    • Three bedrooms, three and one-half bathrooms with 3,170 square feet. It was on the market for $1,560,000.
    • Three bedrooms, three and one-half bathrooms with 3,173 square feet. It was on the market for $1,680,000.
  • Plaza Lofts at Kierland Commons had a two bedroom, two bathroom 1,636 square foot unit that was pending. It had been listed for $1,195,000.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were four luxury condo sales in June – two in Scottsdale and two in Phoenix.

  • ICON Silverleaf – Three bedroom, three and one-half bathrooms with 3,166 square feet. It had been listed for $1,680,000 and sold for $1,460,000
  • Plaza Lofts at Kierland – Two bedroom, two and one-half bathrooms with 2,054 square feet. It had been listed for $1,150,000 and sold for $1,115,000
  • Fairway Lodge at Biltmore Estates (8 Biltmore) – Two bedrooms, two and one-half bathrooms and 2,748 square feet. It was on the market for $1,099,000 and sold for $1,050,000.
  • One Lexington Ave. – This corner penthouse had two bedrooms, two and one-half bathrooms and 2,022 square feet. It was on the market for $1,200,000 and sold for $1,107,500.

Learn More About Phoenix and Scottsdale Luxury Condos

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 7/1/2020 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 ©2020 Heather Tawes Nelson | Joyce Tawes

Scottsdale AZ Single Family Home Sales – June 2020

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– June 2020 Scottsdale Homes for Sale and Home Sales –

What a month! Things certainly turned around in June. The demand that was put on hold in March and April translated into a very strong housing market for June.

I believe that sales could have been even higher if there were more homes for sale. Inventory is the lowest I have seen and I have been tracking these figures since 2007.

SCOTTSDALE HOME SALES ACTIVITY – JUNE 2020

We track these sales metrics on a monthly basis.

– Single-family homes for sale – Orange Line – This is how many homes were for sale at the end of the month.
– Under contract, but accepting backup offers (UCB) – Gray Line – This is the number of homes that were in UCB status at the end of the month.*
– Pending home sales – Yellow Line – This is a count of the pending sales at the end of the month.*
– Home Sales – Blue Line –  This is the number of closed sales for the month.

JUNE 2020 RESULTS

  • Scottsdale Homes for Sale: This is the lowest I have seen our inventory in Scottsdale. The fewer number of homes for sale will definitely hold back upcoming sales activity.
  • UCB (Under contract, accepting backup offers):  We saw a solid increase of 10.2% in UCB contracts. (This is after we saw a huge 60.9% jump between April and May.) This is indicates sales will still be solid in July.
  • Pending Homes Sales in Scottsdale: Pending sales were up another 24.6% at the end of June. (End of May pendings were up 24.2%.) This is the second highest these have been in the past 12 months.
  • Scottsdale Home Sales:  Sales activity rocketed in June. There were 519 sales, which is a huge improvement over April and May.

Now we will take a look at two more sales metrics related to Scottsdale’s housing market.

Scottsdale housing market June 2020

Percent Change Month Over Month – The top information looks at the month-over-month performance of the four sales metrics we track. Look at the solds for June – Sales were up 62.2% over May!

Sales Price to List Price – This next one compares average sales prices to the average asking prices. As you can see, there has been a slight discount over the past twelve months. In June, buyers on average saw a discount of 3.4% off of list price.

*Figures for active homes for sale, UCB sales and pending sales are based on the numbers at the end of the month.

Search Scottsdale AZ Homes for Sale

Here is a sampling of some of the homes on the market, or click the link above to see all of the homes for sale.

Curious about your buying power? Click on the link to learn more.

Disclaimer: Data and information were pulled from the Arizona Regional MLS (ARMLS) as of 7/1/2020. Information deemed reliable, but not guaranteed. There may be new home 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 © 2020 Heather Tawes Nelson | Joyce Tawes

Add Value To Your Home With These 9 DIY Improvements

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Add Value to Your Scottsdale Home

Whether you’re prepping your house to go on the market or looking for ways to maximize its long-term appreciation, these nine home improvement projects are great ways to add function, beauty, and real value to your home.

The best part is, once you’ve secured the materials, most of these renovations can be completed over the course of a weekend. And they don’t require a lot of specialized skills or experience. So grab your toolbox, then get ready to boost your home’s appeal AND investment potential!

  1. Spruce Up Your Landscaping

Landscaping improvements can increase a home’s value by 10-12%.1 But which outdoor features do buyers care about most? According to a survey of Realtors, a healthy lawn is at the top of their list. If your lawn is lacking, overseeding or laying new sod can be a worthwhile investment—with an expected return of 417% and 143% respectively.1

Since we live in the desert and grass is not always the preferred landscaping choice, an aesthetically-pleasing low-maintenance yard is a great alternative. A combination of cacti, lantana, succulents and/or desert sage is a great start. 

Planting flowers is another great way to enhance your home’s curb appeal. And if you choose a perennial variety, your blooms should return year after year. For an even longer-term impact, consider planting a tree. According to the Council of Tree and Landscape Appraisers, a mature tree can add up to $10,000 to the value of your home.2

  1. Clean The Exterior

When it comes to making your house shine, a sparkling facade can be just as important as a clean interior. Real estate professionals estimate that washing the outside of a house can add as much as $15,000 to its sales price.3

A rented pressure washer from your local home improvement store can help you remove built-up dirt and grime from your home’s exterior, walkway, and driveway. Just be sure to read the instructions carefully—and only use it on surfaces that can withstand the intensity. When in doubt, a scrub brush and bucket of sudsy water will often do the trick.

  1. Add A Fresh Coat Of Paint

New paint can have a big impact on both the appearance and value of a property. In fact, it’s one of the most effective ways to revitalize a home’s exterior, update its interior, and make it appear larger and brighter. The best part? Painting is relatively easy and inexpensive!

To get the maximum return at resale, stick with a modern but neutral color palette that will appeal to a broad range of buyers. According to a recent survey of home design experts, cool neutrals are a safe bet when it comes to interior paint. And respondents chose white and gray as the best exterior paint colors to use when selling a home.4 However, it’s important to consider a property’s architecture, existing fixtures, and regional design preferences, as well.  

  1. Install Smart Home Technology

In a recent survey, 78% of real estate professionals said their buyer clients were willing to pay more for a home with smart technology features.5 The most requested smart devices? Thermostats (77%), smoke detectors (75%), home security cameras (66%), and locks (63%).6

The good news is, many of these gadgets are fairly easy to install. And some of them, including smart thermostats and light bulbs, will pay for themselves over time by making your home more energy-efficient. In fact, many manufacturers report that smart thermostats can cut back on heating and cooling costs by 10-20%7, and with Arizona’s summer heat, that is something you want to stay on top of!

If you already own a smart speaker, like Amazon Alexa or Google Home, choose devices that will pair with your existing technology. This will enable you to create a truly integrated (and in many cases voice-activated) smart home experience.

  1. Modernize Your Window Treatments

Smart—or motorized—blinds are also growing in popularity, and several manufacturers make models you can order and install on your own. But they’re not the only way to modernize your window treatments.

If you have old aluminum blinds, consider replacing them with plantation shutters, which are energy efficient, durable, and have strong buyer appeal.8 Roman and roller shades are another stylish alternative, and they come in a variety of colors and fabrics, which you can personalize to meet your design and privacy preferences.

Fortunately, upgrading your blinds has gotten easier and less expensive in recent years. There are a number of retailers that specialize in affordable window coverings that are simple to measure and hang yourself.

Updating bathroom fixtures

  1. Replace Outdated Fixtures

Drastically transform the look and feel of your home by swapping out dingy and dated fixtures for contemporary alternatives. Start by assessing your current light fixtures, faucets, cabinet hardware, doorknobs, and even switch plates. Then prioritize replacing those that are particularly outdated or in highly-visible areas, such as your entryway or kitchen.

Even if your home is fairly new, consider trading your builder-grade fixtures for higher-end options to give it a more upscale appearance. And forget the old rule about sticking to one metal tone throughout your property. According to designers, mixing metal finishes can add interest and character to a space.9

For more designer insights and decor trends, contact us for a free copy of our recent report: “Top 5 Home Design Trends for a New Decade.”

  1. Upgrade Your Bathroom Mirror

A minor bathroom remodel offers one of the best returns on investment, with a $1.71 increase in home value for every $1 you spend.10 We’ve already explored several improvements you can make to your bathroom: new paint, fixtures, and hardware. Now complete the look by upgrading your vanity’s mirror.

Before you purchase a new mirror, examine your existing one to see how it is attached to the wall. Some vanity mirrors are glued to the wall and difficult to remove without shattering the glass or damaging the sheetrock behind it.11

If you prefer to keep your existing mirror, you can paint the frame—or add one if it’s currently frameless. There are several online retailers that will send you the frame components cut to your specifications, which you can assemble and mount yourself. Much like a work of art, your vanity mirror serves as a focal point for your bathroom, so let your creativity shine through! 

  1. Shampoo Your Carpet

Carpet is notorious for trapping dust, dirt, and allergens. It’s one of the reasons that most buyers prefer hard surface flooring.12 But if you love your carpet, or you’re not ready to invest in an alternative, make an effort to keep it clean and odor-free.

To properly maintain your carpet, you should vacuum it weekly. Experts also recommend a deep shampoo at least every two years.13 Fortunately, this is a cheap and easy DIY project you can knock out in about 20 minutes per room. According to Consumer Reports, you can rent a machine and purchase cleaning fluid and supplies for around $90. With an average return on your investment of 169%, it’s well worth the effort and expense.14

  1. Customize Your Closet

Real estate professionals estimate that a closet remodel can add $2500 to a home’s selling price. And while a professional renovation can cost upwards of $6000, there are many high-quality DIY closet systems you can customize and install yourself.15

Experts recommend taking a thorough inventory of your wardrobe and accessories before you get started. Make sure frequently-worn pieces are easy to reach, and store seasonal and seldom-used items on high shelves. Place shoe racks near the closet entrance so they are easy to access.16 A little planning can go a long way toward building a closet that you (and your future buyers!) will love.

GET A COMPLIMENTARY ANALYSIS OF YOUR PROJECT
We’ve been talking averages. But the truth is, the actual impact of a home improvement project will vary depending on your particular home and neighborhood. Before you get started, contact us to schedule a free virtual consultation. We can help you determine which upgrades will offer the greatest return on your effort and investment.


Sources:

  1. HomeLight –
    https://www.homelight.com/blog/improve-curb-appeal-landscaping/
  2. National Association of Realtors –
    https://www.realtor.com/advice/home-improvement/landscape-renovations-that-pay-off/
  3. com – https://www.houselogic.com/save-money-add-value/add-value-to-your-home/adding-curb-appeal-value-to-home/
  4. Fixr –
    https://www.fixr.com/blog/2020/01/14/paint-color-trends-in-2020/
  5. T3 Sixty –
    https://blog.coldwellbanker.com/wp-content/uploads/2018/01/CES2018-Smart-Homes-An-Emerging-Real-Estate-Opportunity.pdf
  6. Consumer Reports –
    https://www.consumerreports.org/smart-home/smart-home-tech-upgrades-to-help-sell-your-house/
  7. American Council for Energy Efficient Economy
    https://www.aceee.org/sites/default/files/publications/researchreports/a1801.pdf
  8. Forbes – https://www.forbes.com/sites/trulia/2016/07/05/10-upgrades-under-1000-that-increase-home-values-2/#47b0d3162e60
  9. Insider –
    https://www.insider.com/home-design-rules-you-should-be-breaking-2020-1
  10. Zillow –
    https://www.zillow.com/sellers-guide/roi-for-bathroom-remodel/
  11. Lowes –
    https://www.lowes.com/n/how-to/remove-a-bathroom-mirror
  12. HomeLight –
    https://www.homelight.com/blog/what-flooring-increases-home-value/
  13. Angie’s List –
    https://www.angieslist.com/articles/how-often-should-i-clean-my-carpets.htm
  14. HomeLight –
    https://www.homelight.com/blog/projects-that-increase-home-value/
  15. National Association of Realtors – https://www.nar.realtor/research-and-statistics/research-reports/remodeling-impact
  16. EasyClosets –
    https://www.easyclosets.com/tips-ideas/2016/10/02/how-to-plan-your-walk-in-closet/

Things To Do In Scottsdale – July 2020

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– Scottsdale Things to Do in July –

Usually, this is the time of the year where I pull together a list of Fourth of July events around the Valley. Although some towns have canceled their fireworks and celebrations, many places are revamping and offering drive-in firework displays! Here is a link to 4th of July Fireworks Around Phoenix for 2020. 

Scottsdale Fourth of July 2020

There are two opportunities in Scottsdale to get up close to a firework display:

  • Scottsdale’s 7th Annual ​4th of July Celebration at WestWorld – For $25 per carload, you can experience the fireworks that are slated to start at 9PM. Before the fireworks, be sure to check out the Parade of Heroes, which honors our front-line workers, first responders and medical personnel.
  • Scottsdale Princess Fourth of July Freedom Fest – This is the 10th Anniversary of this fun celebration and it runs from July 2nd – 4th. In order to attend, you must be a guest of the hotel or have had a meal at one of the many restaurants on-site. There will be fireworks nightly, a vintage air show, movies on the lawn and more. There are also drive-in movie options where you pay per car. 

Other Things to Do in and Around Scottsdale in July 

  • Drive-in Movies at the Scottsdale Princess – July 2nd – 4th – Three family-friendly movies will screen as we head into the 4th of July. Price is per carload and includes the movie, some popcorn and cotton candy as well as four waters. 
  • Art + Chocolate Summer Spectacular Gold Palette ArtWalk – July 9th – Stroll the streets of Old Town and explore our top local art galleries. Enjoy chocolate tastings or other special treats.
  • Butterfly Brushstrokes at Night – July 17th – The Desert Botanical Garden is back open and they are offering an evening painting class. All the supplies are included and you will walk away with your own masterpiece. 
  • Arizona Boardwalk (formerly OdySea) – The Arizona Boardwalk is now open with safety protocols in place. Most of the attractions are open, but you will want to check and see if reservations are required for a specific attraction.
  • Great Wolf Lodge – The Great Wolf Lodge is open. Cool off in one of the many indoor and outdoor pools and enjoy all of the water park activities. 
  • Visit the Musical Instrument Museum – The MIM is back and open. Enjoy learning about music from all over the globe. 
  • Top Golf Scottsdale – Ready to work on your golf game while having fun? Top Golf Scottsdale is open! And when you are ready for a full round, local courses are open.
  • Take a Hike (on a cooler day!) – Whether you want to explore the McDowell Sonoran Preserve or tackle Pinnacle Peak or Camelback, the trails are waiting for you!
  • Visit a Lake or River – There are lots of bodies of water located around the Phoenix Metro area. Take a look at this list and see which one or ones most appeal to you.

If you have any other ideas, we would love to hear about them in the comments!

Quick Video Update of the Scottsdale Real Estate Market – May 2020

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– May 2020 Scottsdale Housing Market Video –

May 2020 – Video

May 2020 still felt the impacts of people staying in place and this is reflected in the sales for the month. However, on a positive note, the number of homes that went under contract in May rebounded to much healthier levels. 

Here is a one-minute video overview of the Scottsdale, Arizona real estate market that covers the month of May.

 

Scottsdale Active Listings

Scottsdale homes for Sale May 2020

The number of homes for sale remained pretty level between April and May. At the end of the month, there were 1,259 homes on the market. 

This inventory figure is quite low for our market, meaning there is more competition for homes, especially in the lower price points. 

Median List Price for Scottsdale Homes

Scottsdale homes median list price May 2020

If you are not familiar with this metric, the median list price tells you the midpoint of all home prices with one half being higher and one half being lower. (People like to track this metric versus average price, because a very high or very low price can skew the average.)

May’s median list price was $1.1 million. This is really up from May 2019’s $880,000, and also up from April’s $975,000. When the crisis hit, many of the luxury homes were taken off of the market. I am guessing this jump in median sales price can be attributed to these homes coming back onto the market. 

Days on Market

Scottsdale homes Days on Market May 2020

This next metric, Days on Market (also seen as DOM,) measures the pace of sales in a particular market. When you see a high DOM, homes are taking longer to sell. A low DOM means homes are selling at a faster pace.

May’s DOM was 75 days. This is a 20% decrease from the same time last year, showing you the demand in the market.

Median Sales Price for Scottsdale Homes

Scottsdale homes median sale price May 2020

The median sales price in Scottsdale in May was $629,000.

It was modestly up over May 2019’s median sale price of $609,000. But the median sales price was down over April’s price of $710,000.

Number of Homes Sold

Now we will look at homes sold compared to the same time last year as well as last month. 

Scottsdale homes sold May 2019 versus 2020

Sales saw an enormous drop (49%) between May 2019 and May 2020. May typically shows strong sales activity, so you can definitely see the impact of COVID-19 on the market for the month. 

Scottsadale home sales May 2020

Sales activity picked up again in May, but the sales figures are based on contracts that were most likely signed in April. So while sales were down month-over-month, this is a good sign. 

We hope that you found this video and commentary helpful as you gather more information to make smart informed real estate decisions.

For more Scottsdale real estate information or if you have any questions about the local area, feel free to contact Joyce at (480) 209-7843 or Joyce@LiveBetterinScottsdale.com.

Click to watch other videos on our Live Better in Scottsdale YouTube Channel.

Interested in other stats for our market? Visit our Real Estate Market Update page.

 

Disclaimer: Data deemed to be accurate, but is not guaranteed.

Phoenix and Scottsdale AZ Luxury Condo Sales – May 2020

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– Luxury Condo Sales in Scottsdale and Phoenix – May 2020 –

May, typically a still-brisk sales month, continued to show the impact of COVID-19 on the luxury home market. Sales activity was somewhat lackluster.

In this report, we are defining luxury as condominiums with asking prices above $1 million.

ACTIVE LISTINGS AT THE END OF MAY

There were seventy-seven luxury condos on the market at the end of the month, up one from April. The majority of these listings (60) were located in Scottsdale and the remaining seventeen were in Phoenix.

  • The highest-priced luxury condo on the market is a carryover from last month. Priced at $5 million, it is the highest-priced condo the market has seen. This penthouse at the Scottsdale Waterfront Residences has4,493 square feet, four bedrooms, four and one-half bathrooms, plus a 640 square foot guest suite located on the ground floor. The panoramic views are incredible.
  • The least expensive luxury condo for sale is also a carryover. The unit, located in Optima Camelview comes with two bedrooms, two bathrooms and 1,955 square feet. It was on the market for an even $1,000,000.

UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were no UCB contracts at the end of April. However, May closed out with two condos in UCB status. Both homes were in Phoenix.

The first unit to go under contract was in Fairway Lodge at Biltmore Estates (8 Biltmore. )This unit had two bedrooms, two and one-half bathrooms and 2,748 square feet. It was on the market for $1,099,000

The second UCB was at One Lexington Ave. This corner penthouse had two bedrooms, two and one-half bathrooms and 2,022 square feet. It was on the market for $1,200,000.

*UCB status means a condo has an accepted contract, but that the seller has requested that they accept backup offers. Most times you will see this status when the contract is in the inspection/due diligence period.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were six condos in pending status at the end of the month. With the exception of one unit, they were all located in Scottsdale’s Optima Kierland community.

Scottsdale Pending Luxury Condos

  • Five of the pending sales were located in the under construction Optima Kierland community.
    • Two bedroom and two bathrooms with 1,636 square feet. It was listed for $1,195,000.
    • Two bedrooms and two and one-half bathrooms with 1,956 square feet. It was listed for $1,750,000.
    • Three bedrooms and bathrooms with 2,704 square feet. It was on the market for $1,816,000.
    • Three bedrooms and bathrooms with 2,018 square feet. It was on the market for $1,939,000.
    • Three bedrooms and bathrooms with 2,704 square feet. It was listed for $2,080,000.
  • The final pending sale was in Icon Silverleaf. This home had three bedrooms, three and one-half bathrooms and 3,173 square feet. It was on the market for $1,490,000.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Two luxury condos sold in May and both of them were located in Optima Kierland in Scottsdale.

  • Two bedroom, two and one-half bathrooms with 2,086 square feet. It had been listed for $1,350,000 and sold for $1,335,000
  • Two bedroom, two and one-half bathrooms with 2,162 square feet. It had been listed for $1,995,000 and sold for $1,890,000

Learn More About Phoenix and Scottsdale Luxury Condos

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 6/1/2020 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 ©2020 Heather Tawes Nelson | Joyce Tawes

Scottsdale Homes that Work for Working From Home

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photo

Over the past few months, many of us have found ourselves working from home. Perhaps you already had an office in your home and the transition was not that hard.

However, many people found themselves trying to create a workspace somewhere that would give them a place to get things done.

Since it looks like most of us will not be returning to a traditional office for the foreseeable future and many companies are now allowing permanent telework, we decided to pull a list of Scottsdale homes for sale that have offices, dens or even a separate structure like a casita which will allow you to separate work life from home life. 

Feel free to browse them below and contact us if you have any questions. And if you would like us to do a video walkthrough or you would like to see any of these in person, we would be happy to arrange that!

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