Real estate blog entries tagged with phoenix luxury condo market by Heather Tawes Nelson, Associate Broker, ABR, CLHMS, CRS

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phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – December 2017 - 01/23/18 11:09 AM

- Luxury Condo Sales in Scottsdale and Phoenix – December 2017 -Here is the final report of the year for the Scottsdale and Phoenix luxury condo markets. In this report, we look at the sales activity For the purposes of this report, we are looking at sales activity of condos priced at and over $1 million.
ACTIVE LISTINGS AT THE END OF DECEMBERInventory jumped by seven as of January 1st. Thirty-seven of the units were located in Scottsdale and the remaining twenty-three were in Phoenix.
The most expensive unit for sale was listed for $2,750,000. This home is located in the revamped Landmark community … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – November 2017 - 12/26/17 07:46 PM

- Luxury Condo Sales in Scottsdale and Phoenix – November 2017 -The following is a report on the luxury condo market in Scottsdale and Phoenix. For the purposes of this report, we are calling any units priced at $1 million or more luxury units.
ACTIVE LISTINGS AT THE END OF NOVEMBERThe number of units for sale remained level between October and November with 53 condos for sale. Thirty-three of the units were located in Scottsdale and the remaining twenty were in Phoenix.
The most expensive unit for sale remained the same. This Scottsdale Waterfront Residences penthouse had three bedrooms and three and one-half bathrooms. It … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – October 2016 - 11/10/16 11:21 PM

- Luxury Condo Sales in Scottsdale and Phoenix – October 2016 -October was a decent month for the luxury condo segment in Scottsdale and Phoenix. After a very quiet last couple of months, it was nice to see sales pick back up again.
For the purposes of this report, we will be looking at condos with list prices at or above $1 million.
ACTIVE LISTINGS AT THE END OF OCTOBER Esplanade Place Inventory was up again to 43. This is up from the 40 at the end of September and 35 at the end of August. Of the condos on the market, twenty-nine were in … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – July 2016 - 08/31/16 06:21 AM

- Luxury Condo Sales in Scottsdale and Phoenix – July 2016 -July was a quiet month for the Scottsdale and Phoenix luxury condo market. Inventory dipped as sellers took their homes off of the market during the low season and there was only a single sale.
I am defining the luxury condo market in this report as condos for sale with list prices that exceed $1 million.

ACTIVE LISTINGS AT THE END OF JULYInventory fell to 35 units, down from 43 at the end of June. Most of the units for sale, 24, were in Scottsdale and the remaining 11 were located in Phoenix,
The … (1 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – November 2015 - 12/16/15 06:23 AM

- Luxury Condo Sales in Scottsdale and Phoenix – November 2015 -November sales activity for the Scottsdale and Phoenix luxury condo market had a solid sales month. As we have seen for the past few months, the number of condos for sale was up a little bit and pending sales are backlogged awaiting the completion of new condo units.
In this analysis, we will taking an in-depth look at the sales activity for condos with asking prices of $1 million and above.
ACTIVE LISTINGS AT THE END OF NOVEMBERInventory was up two units to forty-seven at the end of the month. Most of the … (1 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – August 2015 - 09/25/15 01:48 AM

- Luxury Condo Sales in Scottsdale and Phoenix – August 2015 -August was a quiet month for the Phoenix and Scottsdale luxury condo market. There was only a single sale over the month.
For the purposes of this report, we are evaluating the sales activity of condos in Scottsdale and Phoenix with asking prices in excess of $1 million.
ACTIVE LISTINGS AT THE END OF AUGUST
Inventory was up by one at the end of August to thirty-five. Twenty-one of these units were located in Scottsdale and the remaining fifteen were in Phoenix.
The most expensive condo for sale is a carryover from the last several … (3 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – May 2015 - 06/17/15 11:49 AM

- Luxury Condo Sales in Scottsdale and Phoenix – May 2015 -The luxury condo market in Phoenix and Scottsdale continued its solid sales record for another month in May. Plus, there was a good amount of pending inventory in the pipeline, which is encouraging for June's sales.
This report looks at the sales activity for luxury condominiums in the area that are listed for $1 million or more.
ACTIVE LISTINGS AT THE END OF MAYInventory saw a drop at the end of May to 43 units for sale. Twenty-four of these units were located in Phoenix and the remaining nineteen were located in Scottsdale.
The most expensive unit for … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – September 2014 - 10/07/14 06:05 AM

- Luxury Condo Sales in Scottsdale and Phoenix – September 2014 - The 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 … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – August 2014 - 09/18/14 05:51 AM

- Luxury Condo Sales in Scottsdale and Phoenix – August 2014 - We 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 … (0 comments)

phoenix luxury condo market: Scottsdale and Phoenix Luxury Condo Sales – 2013 Performance - 08/07/13 03:02 AM

Here is a review of the first half of 2013's luxury condo market in Scottsdale and Phoenix.
For the purposes of this report, I am defining luxury condos as those with list prices of $1 million and above. The information will be shown in summary form as well as broken down by each of the cities.
LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX - Through Q2 2013
2013 has been an excellent year so far for the Scottsdale and Phoenix luxury condo market. By the end of the second quarter, there had been 18 sales of these units, just slightly behind the 19 sales … (0 comments)

phoenix luxury condo market: Luxury Condo Market in Scottsdale and Phoenix - 2012 Results - 01/23/13 04:26 AM

-2012 Results for Phoenix and Scottsdale Luxury Condo Sales-
Here is the 2012 sales report on luxury condos in Scottsdale and Phoenix. For the purposes of this report, I am looking at condos with list prices of $1 million and above.
The information is divided into three groups. The first is summary information for Scottsdale and Phoenix. Then, the same information is shown at an individual city level. At the end of this post, I have a chart showing sales from 2009-2012.
2012 LUXURY CONDO SALES IN SCOTTSDALE AND PHOENIX
2012 sales of luxury condos in Scottsdale and Phoenix were much … (5 comments)

phoenix luxury condo market: Scottsdale and Phoenix Luxury Condo Sales - 2012 Performance - 11/05/12 03:44 AM

Here 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 … (2 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – July 2011 - 08/10/11 12:32 PM

The Phoenix and Scottsdale luxury condo market had a decent July 2011 and keeps plugging along. In this report, I define the luxury condo market as condos on the market with list prices of $1 million or more.
Pending Luxury Condo Sales - At the end of July, there were three pending sales of luxury condos. Of the three pending sales, one of them was located in Phoenix. It has been pending for many months at this point. The condo in question is located in the elegant community of The Residences at 2211 Camelback and is a 3 bedroom, 3.5 bathroom unit … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – March 2011 and Q1 2011 - 04/18/11 08:55 AM

Here are the March 2011 and Q1 2011 results for Scottsdale and Phoenix luxury condo market. I consider the luxury condo market as those condos with asking prices in excess of $1 million.
There was a single pending luxury condo sale at the end of March 2011. It is the same sale that was pending at the end of February. The condo is a 3 bedroom, 3 .5 bathroom, 4,000 square foot unit at The Residences at 2211 Camelback in Phoenix. The asking price was $1,100,000.
There were three luxury condo sales in the month of March. All three sales were … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – February 2011 - 03/14/11 12:39 PM

Here are the results for Phoenix and Scottsdale luxury condo sales for the month of February 2011. For this analysis, I am defining luxury condos as those with a list price of $1 million or more.
At the end of February, there were two pending luxury condo sales, one in Phoenix and the other in Scottsdale. The Phoenix unit was only on the market for a couple of days when it went under contract. This unit is a 3 bedroom, 3.5 bathroom, 4,000 square foot penthouse at The Residences at 2211 Camelback in the Biltmore neighborhood. It was priced at $1.1 million and is a … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – January 2011 - 02/18/11 06:13 PM

Here are January 2011's results for the Phoenix and Scottsdale luxury condo market. For the purposes of this report, I am defining luxury condos as condos on the market with asking prices in excess of $1 million.
January was another decent month for the Scottsdale and Phoenix luxury condo markets. All of the January activity was in Scottsdale. At the end of the month, there were two pending luxury condo sales and a single sale.
The January sale was at Optima Camelview, a very popular complex in downtown Scottsdale. It was a three bedroom, two and one-half bathroom unit on the 5th floor with 2,848 square feet. The sales price … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale Luxury Condo Market - 2010 Sales Results - 01/24/11 03:16 PM

Here is an overview of the luxury condo market in Scottsdale and Phoenix for 2010. The year started off strong with sales averaging a little over 2 per month. However, in the second half of the year, sales activity stalled. Although, we did see the highest priced condo sale of the year in December.
Scottsdale and Phoenix Luxury Condo Market Statistics - 2010Here are the results for both cities for the year. Things started off strong with 82% of the sales happening in the first two quarters. As the year went on, sales activity dropped sharply. However, the most expensive condo sale for … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – December 2010 - 01/17/11 05:57 AM

Here are the results for December 2010 for the Phoenix and Scottsdale luxury condo market. In this analysis, I define the luxury condominium market as condos for sale with an asking price of $1 million or more.
December was a decent month for the Scottsdale and Phoenix area luxury condo market. By the end of the month, we had the highest-priced condo sale of the year as well as another luxury condo in pending status.
December's luxury condo sale was in Phoenix, in the elegant community of Two Biltmore Estates. This unit had three bedrooms, three and one-half bathrooms, 3,960 square feet and phenomenal views … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – November 2010 - 12/27/10 12:24 PM

Here are November's figures for the Phoenix and Scottsdale luxury condo market. For the purposes of this report, I am defining the luxury condominium market as condos on the market with list prices of $1 million or more.
November was a dismal month for the Scottsdale and Phoenix area luxury condo market. There were no luxury condo sales and there were not even any pending sales at the end of the month. This means December should be another poor month for this market segment, which is a disppointing way to end the year after we had seen some promising movement earlier in the year.
The bulk of … (0 comments)

phoenix luxury condo market: Phoenix and Scottsdale AZ Luxury Condo Sales – October 2010 - 11/15/10 10:04 AM

Here is a snapshot of the Phoenix and Scottsdale luxury condo market for October 2010. I define the luxury condo market as condominiums for sale with asking prices of $1 million or more.
The Scottsdale and Phoenix area luxury condo market had a slightly better October than September, however it is still not up to the average of slightly over two sales a month pace we saw earlier in the year.
At the end of October, there were no pending luxury condo sales in Scottsdale and Phoenix, but there was a single sale. The single sale was in Scottsdale at the Optima Camelview community. It was for an oversized penthouse unit … (2 comments)

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