Optima Camelview Scottsdale Luxury Condo CommunityHere are August's numbers for the luxury condo market in Greater Phoenix. I am defining the luxury market as condos for sale for more than $1 million.

At the end of August, there were 105 luxury condos for sale throughout the valley. Fifty-three of these condos were in Scottsdale, thirty-six of them were in Phoenix, and sixteen were in Tempe. 

As of the end of August 2008, three luxury condos had sold and another three were pending. The three condos sold were from three different developments - Scottsdale Waterfront, The Residences at 2211 Camelback and Two Biltmore Estates. The pending condos were in the Scottsdale Waterfront, Optima Camelview and Esplanade Place developments.

Here is an overview of August 2008's numbers:

Valleywide - August 2008*
For Sale: 105
Pending: 3
Sold:  3
Average Sale Price: $1,695,167
Sales Price to List Price 95%
Average Price/Sq. Ft. Sold: $553.49
   
Scottsdale - August 2008*
For Sale: 53
Pending: 2
Sold:  1
Average Sale Price: $1,237,500
Sales Price to List Price 83%
Average Price/Sq. Ft. Sold: $555.68
Communities: Scottsdale Waterfront
   
Phoenix - August 2008*
For Sale: 38
Pending: 1
Sold:  2
Average Sale Price: $1,924,000
Sales Price to List Price 100%
Average Price/Sq. Ft. Sold: $552.39
Communities: Two Biltmore Estates
  2211 Camelback
   
Tempe- August 2008*
For Sale: 16
Pending: 0
Sold:  0
Average Sale Price: N/A 
Sales Price to List Price N/A
Average Price/Sq. Ft. Sold: N/A 
Community: N/A

To see the original post or for more information on the luxury condo market in Scottsdale, Phoenix and Tempe, please visit Scottsdale Real Estate News & Lifestyle. 

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* Disclaimer:
Information herein deemed reliable but not guaranteed. Data pulled the Arizona Regional MLS (ARMLS) and can change at any time. This blog represents the opinion of the author. No warranties implied or expressed.
Copyright © 2008 Heather Tawes Nelson
Realty Executives Mountain View

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Heather Tawes Nelson is an Associate Broker with Realty ONE Group in Scottsdale, AZ. For more information on Scottsdale AZ real estate and the surrounding areas, please visit www.ScottsdaleAgent.net.

 
This post has been included in Arizona Real Estate News Maricopa County, AZ Real Estate News Scottsdale, AZ Real Estate News
Post is included in group: Arizona Luxury Homes
Post is included in group: Arizona Premiere Living
Post is included in group: Moving to Arizona
Post is included in group: Posts to Localism

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Heather Tawes Nelson ABR, CLHMS - Scottsdale, AZ

Scottsdale, AZ

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