Luxury Condo Sales in Scottsdale and Phoenix – October 2024
Sales activity for luxury condos in Scottsdale and Phoenix did not change much from what we saw in September. This was another decent month.
For the purposes of this report, all of the condos were listed at one million dollars and above.
Luxury Condo Market - October 2024 Phoenix and Scottsdale AZ All Luxury Condos Scottsdale Luxury Condos Phoenix Luxury Condos Units on the Market - Number of Units for Sale 82 65 17 - Average Asking Price $2,262,687 $2,457,789 $1,516,711 - Average Asking Price Per Sq. Ft. $979.34 $1,064.86 $652.36 - Average Days on Market*- Active 151 153 103 UCB Sales (Under Contract - Accepting Backup Offers) - Number of Units UCB 7 2 5 - Average UCB Price $2,045,279 $3,097,500 $1,624,390 - Average UCB Price Per Sq. Ft. $724.83 $1,066.80 $588.05 Pending Sales - Number of Units Pending 132 132 0 - Average Pending Price $2,829,463 $2,829,463 N/A - Average Pending Price Per Sq. Ft. $1,019.97 $1,019.97 N/A Luxury Condo Sales - Number of Units Sold 6 3 3 - Average Sales Price $1,319,266 $1,352,667 $1,285,865 - Sales Price to List Price 95.7% 94.0% 97.6% - Average Sold Sq. Feet 1,937 1,896 1,979 - Average Sales Price per Sq. Ft. $689.39 $728.12 $650.65 - Average Days on Market* - Sold 103 58 148 - Highest Sale Price $1,625,000 $1,625,000 $1,525,000 - Lowest Sale Price $983,000 $983,000 $1,040,000 - Percentage of Total Sales 100% 50% 50%
ACTIVE LISTINGS AT THE END OF OCTOBER
Inventory remained level in October at eighty-two condos for sale. Sixty-five of these listings were in Scottsdale and the remaining seventeen were located in Phoenix.
The highest-priced expensive condo for sale is located in ICON at Silverleaf. It has held this spot for quite a while and it is also the highest-priced condo in Scottsdale’s history. This final penthouse unit is listed for $12,900,000. It has four bedrooms, four and one-half bathrooms and covers 6,288 square feet.
The lowest-priced condo at the end of Ocotber was located in Toscana at Desert Ridge. It has two bedrooms, two and one-half bathrooms and 1,781 square feet and is on the market for $1 million.
UCB* LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
The number of UCBs was up by one at the end of October. There were seven UCB contracts, five in Phoenix and two in Scottsdale.
UCB Condos in Scottsdale
- Optima Camelview – Two bedrooms, two and one-half bathrooms, 2,469 square feet. Asking price was $2,295,000.
- ICON at Silverleaf – Three bedrooms, four bathrooms, 3,239 square feet. Asking price was $3,900,000.
UCB Condos in Phoenix
- Toscana at Desert Ridge – Two bedrooms, two and one-half bathrooms, 2,025 square feet. Asking price was $1,556,951.
- The Residences at 2211 Camelback
- Three bedrooms, four bathrooms, 3,904 square feet. Asking price was $1,950,000.
- Two bedrooms, three bathrooms, 2,985 square feet. Asking price was $1,475,000.
- Esplanade Place – Two bedrooms and bathrooms, 2,417 square feet. Asking price was $1,150,000.
- One Lexington – Two bedrooms, two and one-half bathrooms, 2,835 square feet. Asking price was $1,990,000.
PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
The number of pending contracts was up by ten at the end of October, closing out at 132. All of the pending contracts are for condominiums in Scottsdale. And almost all of these pendings were in communities that are being built out.
Scottsdale Pending Luxury Condos
- Optima Kierland – Two bedrooms and bathrooms, 1,216 square feet. Asking price was $1,070,000.
- Optima Camelview
- Two bedrooms and bathrooms, 1,448 square feet. Asking price was $1,000,000.
- Three bedrooms, two bathrooms, 2,599 square feet. Asking price was $1,400,000.
- Three bedrooms, two bathrooms, 1,916 square feet. Asking price was $2,100,000.
- 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.
- One bedroom, two bathrooms, 1,678 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.
- One bedroom, two bathrooms, 1,698 square feet. Asking price was $2,070,000.
- 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.
- Two bedrooms, two and one-half bathrooms, 2,346 square feet. Asking price was $2,125,000.
- 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, 2,859 square feet. Asking price was $2,275,000.
- 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, two and one-half bathrooms, 2,710 square feet. Asking price was $2,675,000.
- 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, three bathrooms, 2,294 square feet. Asking price was $3,475,000.
- Two bedrooms and bathrooms, 2,592 square feet. Asking price was $3,525,000.
- Two bedrooms, three bathrooms, 2,576 square feet. Asking price was $3,585,000.
- 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, four bathrooms, 3,166 square feet. Asking price was $4,675,000.
- 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 $2,495,000.
- 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, three and one-half bathrooms, 3,170 square feet. Asking price was $3,097,000.
- 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, 3,239 square feet. Asking price was $3,400,000.
- 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 contracts in Phoenix at the end of October.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Six luxury condos sold in October. Sales were equally split between Scottsdale and Phoenix.
Scottsdale Luxury Condo Sales
- Optima Camelview – One bedroom, two bathrooms, 1,410 square feet. Asking price was $1,100,000 and it sold for $983,000.
- Landmark Condominiums – Three bedrooms, two and three-quarters bathrooms, 2,591 square feet. Asking price was $1,750,000 and it sold for $1,625,000.
- Optima Kierland – Three bedrooms and bathrooms, 1,686 square feet. Asking price was $1,465,000 and it sold for $1,450,000.
Phoenix Luxury Condo Sales
- Fairway Lodge at the Biltmore – Two bedrooms, two and one-half bathrooms, 2,376 square feet. Asking price was $1,575,000 and it sold for $1,525,000.
- Toscana at Desert Ridge
- Two bedrooms, two and one-half bathrooms, 1,780 square feet. Asking price was $1,292,596 and it sold for list price.
- Two bedrooms, two and one-half bathrooms, 1,781 square feet. Asking price was $1,085,000 and it sold for $1,040,000.
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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 11/1/2024 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.
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