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Phoenix and Scottsdale AZ Luxury Condo Sales – February 2015

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– Luxury Condo Sales in Scottsdale and Phoenix – February 2015 –

Optima Camelview Luxury CondosAs we entered the month of February, there was a very healthy number of pending Phoenix and Scottsdale luxury condo sales in the pipeline. By the end of the month, the majority of them had closed, making it a great sales month.

For the purposes of this analysis, I am defining the luxury condo market as units with asking prices of $1 million or more.

ACTIVE LISTINGS AT THE END OF FEBRUARY

Inventory increased again to forty-five units for sale at the end of the month. Twenty units were in Scottsdale and the other twenty-five were in Phoenix.

The Landmark condos continued to be the community with the most expensive condo for sale at $2,860,000. This elegant home has 4,480 square feet, three bedrooms and three bathrooms.

Two units were priced at $1,000,000 making them the least expensive luxury condos on the market at the end of the month. They were located at The Landmark and Kierland Plaza Lofts.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Pending sales dropped sharply from seven at the end of January to one at the end of February.

The single pending sale was located in the Scottsdale Waterfront Residences. Its asking price was $1,279,000 and it had two bedrooms, two and one-half bathrooms and 2,232 square feet.

LUXURY CONDO SALES FOR FEBRUARY 2015

There were an impressive six sales in February, with four in Scottsdale and two in Phoenix.

Scottsdale Luxury Condo Sales

  • The most expensive sale of the month was for a unit at The Landmark. It had 3,842 square feet, three bedrooms and two and one-half bathrooms. It had been listed for $2,225,000 and sold for $1,975,000.
  • Two of the sales came from Scottsdale Waterfront Residences. One was a 1,659 square foot, two bedroom, two and one-half bathroom unit that had been listed for $1,095,000 and sold for $1,015,000. The other was a 2,503 square foot condo with three bedrooms and three and one-half bathrooms. It was on the market for $1,749,000 and sold for $1,650,000.
  • The final sale took place in Optima Camelview Village. Listed for $1,250,000, it had  3,005 square feet, three bedrooms and three bathrooms. It sold for asking price.

Phoenix  Luxury Condo Sales

  • Both February Phoenix sales took place in the Biltmore community.  The first was at Fairway Lodge,  located at 8 Biltmore. The condo, listed for $1,100,000 had 2,376 square feet, two bedrooms and two and one-half bathrooms. The final sales price was $1,057,000.
  • The final sale was in Two Biltmore Estates.The condo had four bedrooms, four and one-half bathrooms and 3,580 square feet. It had been listed for $1,878,000 and sold for $1,750,000.

Scottsdale Phoenix Luxury Condo Sales February 2015

The luxury condo market in Scottsdale and Phoenix had a great sales month. However, activity will need to pick up in March as activity looked to be slow as the month kicked off.

Learn More About Phoenix and Scottsdale Luxury Condos

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Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of  3/1/2015 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 © 2015 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – January 2015

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– Luxury Condo Sales in Scottsdale and Phoenix – January 2015 –

Putting Green at Optima Camelview ScottsdaleJanuary tends to be a slow month due to people coming off of the holidays. However, for the Scottsdale and Phoenix luxury condo market, there was quite a bit of activity.

I define the luxury market as those condos for sale with list prices in excess of $1 million.

ACTIVE LISTINGS AT THE END OF JANUARY

Inventory once again was up, this time to forty units on the market by the time January wrapped. Nineteen of these condos were located in Scottsdale and the remaining twenty-one were in Phoenix.

A spacious penthouse in The Landmark remained the most expensive unit on the market. It was listed for $2,860,000 and had three bedrooms, three bathrooms and 4,480 square feet.

The least expensive luxury condo for sale at the end of January was another unit at The Landmark. Coming in with a list price of $1,000,000, this unit had three bedrooms, two and three-quarters bathrooms and 2,548 square feet.

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

Pending sales at the end of January were quite impressive. There were seven pending sales on the books when the month completed. Five were in Scottsdale and the other two were in Phoenix.

Scottsdale Pending Luxury Condo Sales

  • Three of the pending sales were located in the Scottsdale Waterfront Residences, an elegant and popular choice among buyers. Prices at the time of contract ranged from $1,095,000 for a two bedroom, two and one-half bathroom unit with 1,659 square feet to $1,749,000 for a three bedroom, three and one-half bathroom unit with 2,503 square feet.
  • The visually striking Optima Camelview Village also had a pending sale. It was a three bedroom, three bathroom, 3,005 square foot condo that had been on the market for $1,250,000.
  • The most expensive pending sale was at The Landmark. The asking price was $2,225,000 and it came with three bedrooms, two and one-half bathrooms and 3,842 square feet.

Phoenix Pending Luxury Condo Sales

  • The first pending sale was at the Fairway Lodge community located at 8 Biltmore. This condo had two bedrooms, two and one-half bathrooms and 2,376 square feet. It was listed for $1,100,000.
  • The other pending was next door at Two Biltmore Estates. On the market for $1,878,000, this unit had 3,580 square feet, four bedrooms and four and one-half bathrooms.

LUXURY CONDO SALES FOR JANUARY 2015

There was a single sale in January and it took place in Phoenix at the The Residences at 2211 Camelback. It was a 3,904 square foot unit with three bedrooms and three and one-half bathrooms. It had been listed for $1,874,000 and sold for $1,600,000.
January was a positive month for the luxury condo market in Scottsdale and Phoenix. Although there was only a single sale, the backlog of seven pending sales is a positive sign for February’s numbers.

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Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of  2/1/2015 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 © 2015 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – November 2014

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– Luxury Condo Sales in Scottsdale and Phoenix – November 2014 – 

Optima Camelview Scottsdale AZ CondosOctober’s momentum carried on over into November. In Scottsdale and Phoenix there were six sales of luxury condos last month, one of the highest sales months we have seen in a while.

I am defining luxury condos as those on the market for over a million dollars.

ACTIVE LISTINGS AT THE END OF NOVEMBER

Inventory was up to thirty-five condos on the market at the end of November. This is pretty common to see as homeowners may elect to take their units off of the market in the slower summer months and then re-list them as we move into the high season.

The most expensive condo on the market was an incredible penthouse in The Landmark in the Kierland neighborhood. This home had three bedrooms, three bathrooms and 4,480 square feet. It had been previously listed for well over $3 million, but after a price reduction, it was listed for $2,975,000.

The least expensive unit on the market was in the Kierland Plaza Lofts in North Scottsdale. It was a two bedroom, two bathroom unit with 1,664 square feet. The asking price was $1,049,000.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of November, there two pending sales. The first was in Optima Camelview Village and had been on the market for $1,295,000. The second pending unit was in The Residences at 2211 Camelback  and it had been listed for $2,300,000.s

 

 

LUXURY CONDO SALES FOR NOVEMBER 2014

A total of six luxury condos sold in November, which was an outstanding performance. Five sales took place in Scottsdale and the final sale was in Phoenix.

Scottsdale Sales:

  • Optima Camelview Village – Three bedrooms, two and one-half bathrooms, 2,599 square feet on the third floor. Listed for $1,200,000 and sold for $1,100,000 in a cash transaction.
  • Scottsdale Waterfront Residences – Two bedrooms, two and one-half bathrooms, 2,102 square feet on the 11th floor. Listed for $1,250,000 and sold for $1,145,000.
  •  Plaza Lofts at Kierland – Two bedrooms, two and one-half bathrooms and 2,086 square feet. Listed for $1,195,000 and sold for $1,150,000 in a cash transaction.
  •  Scottsdale Waterfront Residences – Two bedrooms, two and one-half bathrooms, 2,265 square feet on the 9th floor. Listed for $1,450,000 and sold for $1,300,000.
  • The Landmark in Kierland – Four bedrooms, three bathrooms, 3,946 square foot penthouse. Listed for $2,499,000 and sold for $2,300,000 in a cash transaction.

Phoenix Sale:

  • The single sale in Phoenix was for a lovely unit at Esplanade Place in the Biltmore corridor. It had three bedrooms, four bathrooms ans 4,286 square feet. It had been listed for $2,395,000 and sold for $2,050,000 in a cash transaction.

 

November was an excellent month for luxury condo sales in Scottsdale and Phoenix. We saw a large sales number and there were still two sales in the pipeline. Inventory was up, but that is to be expected at this time of year.

 

Learn More About Phoenix and Scottsdale Luxury Condos

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Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2014 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 © 2014 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – October 2014

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– Luxury Condo Sales in Scottsdale and Phoenix – October 2014-

Things picked up a bit for the local luxury condo market in October after a very quiet September.

For this report, we will be looking at condos with list prices of over $1 million.

ACTIVE LISTINGS AT THE END OF OCTOBER

Inventory was pretty level with regards to the previous month. There were 27 units on the market with twelve of them located in Scottsdale and the remaining fifteen in Phoenix.

The most expensive condo on the market was at The Residences at 2211 Camelback in the Biltmore corridor. It was a three bedroom, three and one-half bathroom, 4,000 square foot unit on the 12th floor. The asking price was $3,000,000.

The least expensive unit for sale was in The Mark development in Downtown Scottsdale. This condo came with two bedrooms and two and one-half bathrooms,  2,451 square feet direct elevator access.  It was listed for $1 million.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of October, there were four pending sales. Three of them were in Scottsdale and the last one was in Phoenix.

Of the three in Scottsdale, two of these units were located in the Scottsdale Waterfront Residences. Their list prices at time of contract were $2,499,000 and $1,450,000 respectively. The final pending sale was in Optima Camelview Village. It had been priced at $1,200,000.

The pending sale in Phoenix was in the Two Biltmore Estates community, adjacent to the Arizona Biltmore resort. It had been listed for $2,375,000.

LUXURY CONDO SALES FOR OCTOBER

There were two sales in October.

The first was in the Scottsdale Waterfront Residences. It was a two bedroom, two and one-half bathroom unit with 2,265 square feet. It had been listed for $1,195,000 and sold for $1,100,000.

The second sale was in Phoenix’s Esplanade Place. This two bedroom, three bathroom unit with 2,978 square feet had been listed for $1,300,000 and sold for $1,240,000.

Scottsdale Phoenix Luxury Condo Sales October 2014

 

Overall, it was a good sales month for the luxury condo market in Scottsdale and Phoenix. Two sales went through and there is healthy inventory in the pipeline.

 

Learn More About Phoenix and Scottsdale Luxury Condos

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Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/1/2014 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 © 2014 Heather Tawes Nelson | Joyce Tawes

2014 Luxury Condo Sales in Scottsdale and Phoenix

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– Phoenix and Scottsdale Luxury Condo Market Through Q3 2014 –

Scottsdale Waterfront ResidencesWe are now through the first three quarters of 2014, so I wanted to take a look back and see how the market for luxury condos in Scottsdale and Phoenix was performing.

For the purposes of this report, I am classifying condos with asking prices above $1 million as luxury condos.

SCOTTSDALE & PHOENIX CONDO SALES

There were twenty-one sales through Q3 of 2014. More than half of them took place in the second quarter, which is similar to what we saw in the single family home market as well.

Average sales prices have been increasing over the course of the year, but the average price per square foot has been bouncing around a bit. (You will see this kind of volatility when there are lower numbers of sales to ‘even’ things out.)

Scottsdale Phoenix Luxury Condos 3Q 2014

 

SCOTTSDALE CONDO SALES

Scottsdale luxury condo sales accounted for two thirds of 2014 sales. And although the average sales price was less than what we saw in Phoenix, the average price per square foot was over $100 greater in Scottsdale.

Most of the condo sales took place at Scottsdale Waterfront, The Landmark, The Mark Condos and Optima Camelview.

Scottsdale Luxury Condo Sales Q3 2014

PHOENIX CONDO SALES

There have been seven sales to-date in Phoenix. These sales took place at Esplanade Place, Two Biltmore Estates and Fairway Lodge at the Biltmore.

Luxury Condos Phoenix Q3 2014

 

For more information about the luxury condo communities in Scottsdale and Phoenix, click here.

Search Luxury Condos in Scottsdale and Phoenix

Disclaimer: Information deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/23/2014 and can change at any time. There may be new home inventory in these figures if the developer is using the MLS to market its homes. This blog represents the opinion of the author. No warranties implied or expressed. Copyright © 2014 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – September 2014

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– Luxury Condo Sales in Scottsdale and Phoenix – September 2014 –

Optima Camelview Luxury Condos Scottsdale AZThe impact of the low season was seen in September’s numbers for the Phoenix and Scottsdale luxury condo market. While inventory was up and we ended the month with some pending sales, there were no closed sales during the month.

This report defines luxury condos as those units with market prices in excess of $1 million.


ACTIVE LISTINGS AT THE END OF SEPTEMBER

Inventory saw a jump in September to 28 units, up quite a bit from August’s 20 units for sale. This is most likely the result of sellers putting these homes back onto the market after the warm summer months.

Of the twenty-eight condos for sale, fifteen of them were in Phoenix with the remaining thirteen in Scottsdale.

The most expensive condo for sale was a penthouse unit at The Landmark  in North Scottsdale. It has 4,877 square feet, three bedrooms and three and one-half bathrooms. It was listed for $3,100,000.

The least expensive luxury condo on the market was located in Old Town’s The Mark community. This unit has 2,451 square feet and comes with two bedrooms and two and one-half bathrooms. The asking price was $1,000,000.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There were two pending sales at the end of the month, one in each city.

The first was a carryover from August. It was a 2,265 square foot, two bedroom, two and one-half bathroom unit at the Scottsdale Waterfront Residences. It had been listed for $1,450,000.

The second pending sale was in the Esplanade Place community in the Biltmore neighborhood. This home had two bedrooms, three bathrooms and 2,978 square feet. It had been listed for $1,300,000 at the time of contract.

LUXURY CONDO SALES FOR SEPTEMBER

There were no luxury condo sales in September.

Luxury Condo Sales Scottsdale Phoenix September 2014

We saw another slow seasonal month for the luxury condo market in Scottsdale and Phoenix. We do have two sales in the pipeline, but I estimate October will be somewhat quiet as well.

 

Learn More About Phoenix and Scottsdale Luxury Condos

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Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2014 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 © 2014 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – August 2014

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– Luxury Condo Sales in Scottsdale and Phoenix – August 2014 –

Scottsdale Waterfront ResidencesWe saw another slow month for luxury condos throughout the Valley. This slowdown is something we see seasonally as the market takes a break during the warmer summer months.

This report will take a look at the sales activity of luxury condos with asking prices over one million dollars.


ACTIVE LISTINGS AT THE END OF AUGUST

Inventory was down two twenty at the end of the month. This was down one over July.

Typically Scottsdale has more units on the market than Phoenix, but last month twelve of the twenty were in Phoenix with the remaining eight in Scottsdale.

The Landmark  in North Scottsdale continues to be the community with the most expensive unit for sale. This elegant luxury penthouse has three bedrooms, three and one-half bathrooms and 4,877 square feet. The asking price was $3,450,000, but at the end of August the price was reduced to $3,100,000.

The Mark community in Old Town Scottsdale is where you will find the lowest priced luxury condo.  It is a two bedroom, two and one-half bathroom home with 2,451 square feet. It is listed for sale for $1,000,000.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of August, there was a single pending sale in this category. This particular home was located on the ninth floor in the sought-after Scottsdale Waterfront Residences community. It had two bedrooms, two and one-half bathrooms and 2,265 square feet. The asking price at time of contract was $1,450,000.

LUXURY CONDO SALES FOR AUGUST

There was also a single sale  in August and this unit was also located in Scottsdale Waterfront Residences. It was a two bedroom, two and one-half bathroom penthouse with 3,363 square feet. It had been listed for $2,900,000 and ultimately sold for $2,182,000.

Scottsdale Phoenix Luxury Condos August 2014

As predicted, August was a quiet month for this segment of  luxury market. And based on a single pending sale, I anticipate September will be another quiet one.

Learn More About Phoenix and Scottsdale Luxury Condos

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Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2014 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 © 2014 Heather Tawes Nelson | Joyce Tawes

Phoenix and Scottsdale AZ Luxury Condo Sales – July 2014

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– Luxury Condo Sales in Scottsdale and Phoenix – July 2014 –

The Mark Luxury Condos ScottsdaleThings were a little quieter in the luxury condo market in Scottsdale and Phoenix in July, although the sakes activity was still solid.

In this report, we will look at the sales activity for luxury condos with list prices in excess of $1 million.


ACTIVE LISTINGS AT THE END OF JULY

Inventory was off slightly at the end of the month, from 23 listings to 21. Of the units for sale, eleven of them were in Phoenix and the remaining ten were in Scottsdale.

A luxurious penthouse in The Landmark continues to be the most expensive unit for sale. It had been listed for $3.7 million, but there was a price reduction to $3,450,000.  It has 4,877 square feet, three bedrooms and three and one-half bathrooms.

The least expensive luxury condo for sale is found in Old Town’s The Mark community. Priced at $1,000,000, this unit has two bedrooms and two and one-half bathrooms and is 2,451 square feet.


PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

One luxury condo was under contract at the end of July. It was a penthouse in the well-known Scottsdale Waterfront Residences in Downtown Scottsdale. With 3,363 square feet, two bedrooms and two and one-half bathrooms, the condo had been on the market for $2,900,000.

LUXURY CONDO SALES FOR JULY

Two condos sold in the month of July.

The first sale was in Phoenix’s elegant Esplanade Place in the Biltmore.  The 8th floor unit had  two bedrooms and two and one-half bathrooms and 2,978 square feet. It had been listed for $1,249,000 and sold for $1,210,000 in a cash transaction.

The second sale was in Scottsdale in The Mark community. This corner unit came with 2,442 square feet, three bedrooms and three and one-half bathrooms. It was on the market for $1,052,000 and ultimately sold for $900,000.

 

July 2014 Luxury Condo Sales Scottsdale Phoenix

Although sales were not as strong in July as in June for  Scottsdale and Phoenix’s luxury condo market, two sales was still a solid performance. And, there was a single pending sale at the end of the month, which ideally will close in August.

Learn More About Phoenix and Scottsdale Luxury Condos

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Disclaimer:  Days on market figures are cumulative days on market. Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2014 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 © 2014 Heather Tawes Nelson | Joyce Tawes

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