Scottsdale AZ Real Estate & Lifestyle

Live Better in Scottsdale - eXp Realty

Scottsdale Luxury Condo Sales

Phoenix and Scottsdale AZ Luxury Condo Sales – March 2013

By

Scottsdale Waterfront Residences Condos– Phoenix and Scottsdale AZ Luxury Condo Sales – March 2013 –

Here are the numbers for March for the Phoenix and Scottsdale luxury condo market. For the purposes of this analysis,  I am defining this market as condos with asking prices of $1 million or more.

March was another somewhat quiet month for this segment. Below you will see a chart with sales activity during the month. The first column looks at summary data and then activity for each city is presented.

Phoenix Scottsdale Luxury Condos for Sale March 2013

ACTIVE LISTINGS & PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

The least expensive luxury condo for sale at the end of March was a 4th floor unit at The Landmark in the Kierland area. It is a three bedroom, two and one-half bathroom condo with 2,630 square feet. It is listed for $1,070,0000

The most expensive unit was the same as last month. This 10th floor unit is at Esplanade Place in the heart of Phoenix’s Biltmore area. It is listed for $2,650,000 and has 4,286 square feet, three bedrooms and four bathrooms.

There  was a single pending sale at the end of March. This is a unit that was under contract for several months last year and never closed. It was taken off of the market and is now back as pending. This is a very unique property as it is the entire top floor of the Camelback Tower. It has five bedrooms, eight bathrooms and 7,254 square feet. It currently needs very extensive renovations and was priced at $2,499,000 at the time it went under contract.

MARCH  2013 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

There was a single sale in March. It was at the Fairway Lodge at the Biltmore. This top floor unit had two bedrooms, two and one-half bathrooms and 2,992 square feet. It had been listed for $1,150,000 and sold for $1,000,000.

March was a quiet month for the  luxury condo market in Scottsdale and Phoenix. Hopefully, activity will pick up in April.

 FIRST QUARTER 2013 RESULTS FOR THE SCOTTSDALE AND PHOENIX LUXURY CONDO MARKET

Here are the sales statistics for Q1 2013. As you can see, the lion’s share of sales have occurred in Scottsdale and the average sales price is quite a bit higher. Ideally, we will see more activity in Phoenix as the year progresses.

Q1 2013 Phoenix Scottsdale Luxury Condo Sales

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2013 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 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 © 2013  Heather Tawes Nelson

 

Phoenix and Scottsdale AZ Luxury Condo Sales – January 2013

By

Kierland Plaza Lofts Scottsdale AZ– Phoenix and Scottsdale AZ Luxury Condo Sales – January 2013 –

The Phoenix and Scottsdale luxury condo market had a positive January 2013. During the month, four luxury condos sold and two units were pending sale at the end of the month. Inventory also dropped, partially as a result of sales and listings that expired.

I am defining the Phoenix and Scottsdale luxury condo market as condos for sale with asking prices in excess of $1 million.

Below is a chart depicting luxury condo sales activity in January for all luxury condos as well as in Scottsdale and Phoenix.

January 2013 Luxury Condos for Sale Scottsdale Phoenix

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX

At the end of January, two pending sales were in the pipeline. The first one is one that was a carryover from December and the second was a new one.

  • A two bedroom, two and one-half bathroom condo on the seventh floor at Kierland Plaza Lofts is the first pending sale. This 2,047 square foot unit was listed for $1,145,000 when went under contract.
  • The new pending sale was at the Scottsdale Waterfront Residences. This ultra-luxury unit has 3,751 square feet, two bedrooms and four bathrooms. The list price at time of contract was $3,500,000.


JANUARY  2013 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
Four luxury condos sold in January and all of the sales took place in Scottsdale.

  • The first sale of the month was at Optima Camelview Village. This top floor until sold for asking price at $1,399,000. It had three bedrooms, two and one-half bathrooms and 3,354 square feet.
  • The second sale was a three bedroom, three bathroom, 2,846 square foot unit on the 8th floor at Kierland Plaza Lofts.The list price was $1,699,000 and it ultimately sold for $1,635,000.
  • The third sale in January occurred at The Mark, in Old Town Scottsdale. This penthouse with three bedrooms, three and one-half bathrooms and 2,122 square feet sold for $950,000. The asking price had been $1,060,000.
  • The final sale of the month was the second most expensive condo sale since the MLS began tracking. This penthouse at the Scottsdale Waterfront Residences sold for $3,600,000, which was $200,000 off the asking price of $3,800,000. In addition to the penthouse and an expansive deck, this unit came with a separate guest suite complete with laundry and a full kitchen.

The luxury condo market in Scottsdale and Phoenix got off to a strong start. All of the activity in January took place in Scottsdale, so hopefully Phoenix will see some action in February. There is now very low inventory for these condos, so we may see constrained sales in February.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 2/1/2013 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 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 © 2013  Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – November 2012

By

Penthouse at Optima Camelview Village ScottsdaleNovember 2012’s luxury condo market in Scottsdale and Phoenix turned in some good results. Although sales were not huge, there were three new pending sales to add to the two that were already underway from previous months.

I an defining the luxury condo market in Scottsdale and Phoenix as those condos listed for $1 million or over. The chart below shows sales activity in a summary form and then for each of the cities.

Scottsdale Phoenix Luxury Condo Market 2012

 

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
By the end of November, five luxury condos were pending sale and all of them were located in Scottsdale. Three of these were new contracts and two were holdovers from previous months.

  • Two units were pending at Optima Camelview. The first was a holdover. It was a fifth floor condo with three bedrooms, two bathrooms and 1,906 square feet. The list price at the time of contract was $1,035,000. The second unit under contract was a penthouse with three bedrooms, two and one-half bathrooms and 3,354 square feet. The asking price was $1,399,999.
  • Another new pending sale was at the Scottsdale Waterfront Residences. This was a two bedroom, two and one-half bath unit on the 8th floor with 2,265 square feet. It had been listed for $1,295,000.
  • Safari Drive in downtown Scottsdale also had a pending sale at the end of November. With 2,610 square feet and three bedrooms and bathrooms, this unit was on the market for $1,050,000.
  • This final pending sale has been carried over for a few months at this point. It is a penthouse foreclosure the East Camelback Condominiums, adjacent to Scottsdale Fashion Square. The unit encompasses the top floor of the building and comes with 5 bedrooms, 8 bathrooms and 7,254 square feet.  The list price was $1,250,000 when it went pending, but the buyer will need to come up with additional funds to close.


NOVEMBER  2012 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
There was only a single sale of a luxury condo in November and it took place in Phoenix.

  • The sale was for a unit at the Esplanade Place community. It had 3,542 square feet and two bedrooms and bathrooms. It was a 6th floor condo and it sold in under two months. It has been listed for $1,200,000 and sold for $1,175,000 or 98% of the asking price.

 

So while sales activity was not very high in November, we saw a good number of new luxury condos go under contract. This bodes well for December sales as many of them should close by the end of the year.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 12/1/2012 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 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 © 2012  Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – October 2012

By

Luxury Condos in Scottsdale and PhoenixOctober 2012 was another good month for the luxury condo market in Scottsdale and Phoenix. In just one month, sales of luxury condos almost tied the entire third quarter’s worth of sales.

At the end of October, two luxury condos had sold and there were an additional three pending sales, with one of them being a carryover from previous months.

In this report, I define the Scottsdale and Phoenix luxury condo market as units with list prices of $1 million and above. Below, I have included summary information as well as detailed information for each of the cities.

Phoenix Scottsdale Luxury Condos for Sale October 2012

 

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
At the end of the month, there were three pending sales of luxury condos, two of which were new.

  • The single pending sale in Phoenix was at the Esplanade Place community. This was a two bedroom, two bathroom condo with 3,542 square feet on the 6th floor. This unit went under contract in less than a month and the asking price was $1,200,000.
  • In Scottsdale, a luxury unit went under contract at the Optima Camelview development. This fifth floor condo had three bedrooms, two bathrooms and 1,906 square feet. The list price at the time of contract was $1,035,000.
  • This final pending sale has been in this status for a few months now as there are some items that need to be cleared up prior to close of escrow. It is a foreclosure penthouse in Scottsdale at the East Camelback Condominiums, adjacent to Scottsdale Fashion Square. This property takes up the top floor of the building and has 5 bedrooms, 8 bathrooms and 7,254 square feet. When it went pending, the list price was $1,250,000, but the buyer will need to come up with additional funds to close.


OCTOBER  2012 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
The two luxury condo sales in October took place in Phoenix.

  • The first sale was a unit at Esplanade Place. This 4,286 square foot penthouse condo had 3 bedrooms, 3.5 bathrooms and 4,286 square feet.  It had been listed for $2,450,000 at the time of contract and ultimately sold for $2,000,000. This particular home had been on the market for several years, so it is nice to see that it has finally been purchased.
  • The second sale was a quick one. This ground floor unit at 2 Biltmore Estates was on the market about a month. It was a three bedroom, three and one-half bathroom condo with 3,860 square feet. It had been listed for $1,300,000 and sold above asking price for $1,341,000.

All in all, October was a healthy month for the Scottsdale and Phoenix luxury condo market. Sales kept a nice pace and a couple of additional units went pending, which bodes well for November sales.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 11/1/2012 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 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 © 2012  Heather Tawes Nelson

Scottsdale and Phoenix Luxury Condo Sales – 2012 Performance

By

Scottsdale Waterfront CondosHere is an overview of luxury condo sales in Scottsdale and Phoenix through the third quarter of 2012. I define luxury condos as those units with asking prices above $1 million.

I have broken the information into three categories including all luxury condo sales for 2012 and then sales activity for the individual cities of Scottsdale and Phoenix.

LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX – Through Q3 2012

The luxury condo market got off to a very strong start in 2012. By the end of the second quarter, 19 luxury condos had sold. This is in contrast to 2011, where only 20 luxury condos sold for the entire year. Activity tapered off quite a bit in the third quarter, which was seen in the luxury home market as well.

The highest priced sale this year was for a penthouse unit at the Kierland Plaza Lofts at Kierland Commons in North Scottsdale. This unit had been listed for $2,995,000 and ended up selling for $2,700,000. The condo had two bedrooms and an office, three and one-half bathrooms, 3,919 square feet and unobstructed views with a 90 foot patio to enjoy them from.

The least expensive sale of the year was for a unit at Safari Drive in Downtown Scottsdale. It was a three bedroom, three and one-half bathroom home with 2,610 square feet. The listing price was $1,075,000 and it sold for $950,000.

 

Scottsdale Phoenix AZ Luxury Condo Sales Q1 Q3 2012

SCOTTSDALE LUXURY CONDO SALES – Through Q3 2012

Here is the same report, but for Scottsdale condo sales only. The majority of all luxury sales in 2012 were in Scottsdale, with 18 of the 22 sales. Again, we see the same pattern as above, a very strong Q1 and Q2 and a slower Q3.

The highest and lowest priced sales are the same ones outlined above, the penthouse unit at Kierland Plaza Lofts and the unit at Safari Drive.

Scottsdale AZ Luxury Condo Sales Q1 Q3 2012

PHOENIX LUXURY CONDO SALES – Through Q3 2012

Here are the results for Phoenix luxury condos. Phoenix luxury condo sales only made up about 18% of the entire year’s sales activity.

The most expensive condo sale in Phoenix this year was at Two Biltmore Estates in the prestigious Biltmore area. It was a four bedroom, four and one-half bathroom unit with 4,877 square feet. The asking price had been $1,658,000 and it sold for $1,510,000.

The least expensive luxury condo sale was at Esplanade Place, located in the Biltmore corridor. The asking price was $1,199,995 and the final sales price was $975,000. This condo had two bedrooms, two bathrooms and 2,417 square feet.

 

Phoenix AZ Luxury Condo Sales Q1 Q3 2012
Overall, the luxury condo market in Scottsdale and Phoenix is having a better year in 2012. The beginning of the year saw most of the sales activity, but hopefully we will see some increased activity as we close out the year.

Search Luxury Condos for Sale in Scottsdale and Phoenix

 

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2012 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012 Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – September 2012

By

The Scottsdale and Phoenix luxury condo market had a decent September 2012. By the end of the month, one of the highest-priced condo sales of the year had taken place and there were two pending sales that had carried over from the month of August.

I am defining the luxury condo market in Scottsdale and Phoenix as those units with an asking prices in excess of $1 million. You will see the sales information in summary form as well as by city.

 

Phoenix Scottsdale Luxury Condos for Sale September 2012

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
By the end of September, there were two pending sales of luxury condos. Both of these are carryovers from the month of August and there was one in each city.

  • For Scottsdale, the pending sale still being worked on was the foreclosure unit at the East Camelback Condominiums, right near Scottsdale Fashion Square. This property encompasses the entire top floor of the building and has 5 bedrooms, 8 bathrooms and 7,254 square feet. The asking price was $1,250,000, but significant additional funds will need to be added to the price to get the unit sold.
  • For Phoenix, the ongoing sale was at Esplanade Place. The condo had 3 bedrooms, 3.5 bathrooms and 4,286 square feet. The listing price when it went under contract was $2,450,000.


SEPTEMBER  2012 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
There was a single luxury condo sale that took place in September and the sales price is one of the highest we have seen in 2012.

This sale was a 3 bedroom, 3.5 bathroom, 4,065 square foot condo at The Landmark in the vibrant Kierland area of Scottsdale. The list price was $2,550,000 and it ultimately sold for $2,225,000 or 13% off of asking.
So, while September was not a month full of big activity for the luxury condo market in Scottsdale and Phoenix, we did see a large dollar amount sale and two more sales are in the pipeline. Ideally, some new condos will go under contract in October to keep the pace going.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 10/1/2012 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012  Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – August 2012

By

Optima Camelview Condos for Sale Scottsdale AZWe saw a big change in the Scottsdale and Phoenix luxury condo market in August 2012.We went from zero activity at the end of July to four pending sales and two sales by the end of August.

For the purposes of this report, I am considering the luxury condo market as condos for sale with list prices of $1 million and above. The information is broken into a summary of the market and then into the individual cities.
Luxury Condos for Sale Scottsdale Phoenix August 2012

PENDING LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
At the end of August, there were four pending sales of luxury condos. Three of them were in Scottsdale and the remaining one was in Phoenix.

  • The first pending sale was a 3 bedroom, 3 bathroom unit at Safari Drive in Downtown Scottsdale. The unit has 2,610 square feet and the asking price was $1,050,000.
  • The next pending sale was a The Landmark in the Kierland area of Scottsdale. This was a 3 bedroom, 3.5 bathroom unit on the fifth floor with 4,065 square feet. It was listed for $2,550,000.
  • The final pending sale in Scottsdale was at the East Camelback Condominiums. This unique property is a foreclosure that encompasses the entire top floor of the building. It has 5 bedrooms, 8 bathrooms and 7,254 square feet. The asking price was $1,250,000, but there will also need to be quite a large sum put into it to get the unit closed.
  • The one pending luxury condo sale in Phoenix was located at the elegant Esplanade Place. It was a 3 bedroom, 3.5 bathroom unit with 4,286 square feet. It had been listed for $2,450,000.

AUGUST  2012 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
There were two sales that took place quickly in August. They were both cash sales.

  • The first sale took place at 2 Biltmore Estates in Phoenix. This sale was for a 3 bedroom, 3.5 bathroom unit on the second floor with 3,931 square feet. It had been listed for $1,745,000 and sold for $1,500,000,
  • The second sale was in Scottsdale at The Landmark. It had 2,591 square feet, three bedrooms and three bathrooms. The asking price had been $1,350,000 and it ultimately sold for $1,225,000.

After a disappointing July, it was really nice to see things change so much for the Scottsdale and Phoenix luxury condo market during the month of August. Having four pending sales on the books in August means we should hope to see good sales in September.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 9/1/2012 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012  Heather Tawes Nelson

Phoenix and Scottsdale AZ Luxury Condo Sales – July 2012

By

Scottsdale Phoenix Luxury Condos for SaleThe luxury condo market in Scottsdale and Phoenix had a quiet month in July 2012. (In this report, I am defining the luxury condo market as condos for sale with asking prices above $1 million.)  As I alluded to in the June luxury condo report, there were not any pending condo sales on track for July. So, barring any quick closes with cash buyers, it was going to be a slow month.

Rather than show the entire report with breakouts by active, pending and sold activity, I am just going to include the active data for July 2012. The below information includes summary data as well as city-level data for Scottsdale and Phoenix.

Scottsdale Phoenix Luxury Condos for Sale July 2012

Needless to say, performance was lacking in July 2012. Ideally August will at least get some pending sales on the books.

Learn More About Phoenix and Scottsdale Luxury Condos
Search Phoenix and Scottsdale Luxury Condos for Sale

Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 8/1/2012 and can change at any time. The analysis looks at resale luxury condos in Scottsdale and Phoenix over the past 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2012  Heather Tawes Nelson

Malcare WordPress Security