High Rise Condos, Scottsdale, AZ 85254 - $600,000 - $800,000

By
Real Estate Agent with Value Added Service, 602-620-2699 SA5376460000

There are several upscale condo communities in 85254 that have been built in the last 10 years.  Lately, multi-family projects have sprung up all over the Phoenix Metro Area, but those in 85254 are on the perimeter, where retail and office space exist.  

This zip code is frequently called "the magic zip code" and has some unique attributes.    85254 is on the west side of Scottsdale road, mid-Scottsdale.  Technically, it should be a Phoenix address, but thanks to the Post Office, this zip code is provided with a Scottsdale address.  Phoenix does provide utilities and the schools are in the Paradise Valley School District, another bonus for 85254. 

 

Inventory for this report is for prices between $600,000 - $800,000 in 85254 and is limited to condos.  So far this year 22 condos have sold in this price range and there are currently 3 for sale.   With such low inventory, reporting is challenging!

 

Condos in 85254 $600,000 - $800,000

Sales have been strong since mid 2019, steadily rising, but dipped a few sales the last couple of months.  New high rises are under construction.  As prices rise, there are fewer in this price range, even in the same buildings.  

Sales for condos in Scottsdale 85254

The price per square foot for condos in 85254 for the price range of $600,000 to $800,000 appears to jump dramatically, but that's because there is limited inventory for reporting.  If you start at the left and draw a straight line angled toward the last reported price per square foot,  you'll see a steady increase in prices!

Monthly Sales Price per sq ft 85254

List Price Versus Sales Price reflects over-list contract prices.   The list price per square foot for condos in 85254 priced between $600,000 and $800,000 is $425.98; while the under contract price is $442.21. 

12 Month Moving Average Condos 85254

 

Data is provided by the Cromford Report and is by subscription.  Please don't remove the charts, but simply share the blog.   Thank you!

 

If you would like more information about this area or any area in Scottsdale, please reach out to me.  As a full time residential realtor in Scottsdale since January, 2003, this is my backyard! 

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HomeSmart Elite Group                                  

8388 E Hartford Dr., Suite 100

Scottsdale, AZ 85255                                                         

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Comments (7)

Endre Barath, Jr.
Berkshire Hathaway HomeServices - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Jan reading your Market Report for a second I thought based on the price points you were writing about my market:)Endre

Jun 20, 2022 10:46 PM
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good morning Jan,

Reporting is challenging with inventory so low. 22 condo sold all year in this price range and only 3 available properties tell the story. Looks like prices continue to rise.

Jun 21, 2022 04:50 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Jan - there is no question that Scottsdale is the magic location when people think of Phoenix metro.

Jun 21, 2022 06:04 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Looks like a fairly healthy market for these high rise luxury condos. Great report.

Jun 21, 2022 07:47 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Looks like a lot of activity. And gives me an idea for a fresh spin on market reports

Jun 21, 2022 08:47 AM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

I bet Endre Barath, Jr. !  We have some stunning high rises in Scottsdale.  These run all the way up to about $6 million, but those aren't every day sales.  The photo above is the 13th floor rooftop photo overlooking Scottsdale, west into Phoenix.  You could probably see my house if you squinted!    Thank you for commenting! 

I'm sure you've run into this issue as well Dorie Dillard Austin TX .  Reports look awful when trying to create some statistics!  Thanks for stopping by!

You bet Grant Schneider !  Scottsdale is practically a brand when you talk about places to visit.  It has been fun living here!  Thank you for stopping by!

 

Jun 22, 2022 04:03 PM
Jan Green - Scottsdale, AZ
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Thank you Jeffrey DiMuria 321.223.6253 Waves Realty !  I bet you have some gorgeous condos and high rises in your city!  Thank you for stopping by!

 

Hey, whatever inspires you Rocky Dickerson !  Thank you for stopping by!

Jun 22, 2022 04:04 PM