Greater Phoenix Luxury Condo Market - March 2009

By
Real Estate Agent with Realty ONE Group

Scottsdale condo market Esplanade Place PhoenixHere 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

To see the original post or to learn more about the luxury condo market in Scottsdale or Greater Phoenix, please feel free to contact me. For more information on Scottsdale AZ 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

Posted by

========================================
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.

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Heather Tawes Nelson

Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ
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