The Greater Phoenix Luxury Condo Market - March 2009
Here are the most recent figures for the Greater Phoenix luxury condo market, which is defined as condos with list prices in excess of $1 million. At the end of March, there were 103 condos for sale throughout the valley. Fifty-nine were in Scottsdale, thirty-three were in Phoenix, and the remainder, eleven, were in Tempe. During the month of March, two luxury condos sold. Both of them were located in Esplanade Place.
Here is a quick overview of March 2009's numbers:
Valleywide - March 2009* |
|
For Sale: | 103 |
Pending: | 0 |
Sold: | 2 |
Average Sale Price: | $1,355,000 |
Average Price/Sq. Ft. Sold: | $417.37 |
|
|
Scottsdale - March 2009* |
|
For Sale: | 59 |
Pending: | 0 |
Sold: | 0 |
Average Asking Price: | $1,745,229 |
Average Asking Price/Sq. Ft. | $707.54 |
Communities: | N/A |
|
|
|
|
Phoenix - March 2009* |
|
For Sale: | 33 |
Pending: | 0 |
Sold: | 2 |
Average Sale Price: | $1,355,000 |
Average Price/Sq. Ft. Sold: | $417.37 |
Communities: | Esplanade Place |
|
|
|
|
Tempe- March 2009* |
|
For Sale: | 11 |
Pending: | 0 |
Sold: | 0 |
Average Asking Price: | $1,160,000 |
Average Asking Price/Sq. Ft. | $692.61 |
Community: | N/A |
If you have any questions about the luxury condo market or would like to learn more about the communities mentioned above, please feel free to contact me. For more information on Scottsdale real estate and the surrounding areas, please visit www.scottsdaleagent.net
Disclaimer: Information herein deemed reliable but not guaranteed. Data and information was pulled from the Arizona Regional MLS (ARMLS) as of 4/1/2009 and can change at any time. The analysis looks at single-family resale condos in Scottsdale, Tempe and Phoenix over the last 12 months. There may be new home inventory in these figures if the developer is using the MLS to market its homes.
Copyright © 2009 Heather Tawes Nelson