Kierland Commons condo sells - for $3M!
Hello and happy weekend!
We have spent a lot of time recently previewing high-rise condo projects in Phoenix, Scottsdale and Tempe, where base prices often start in the $400 per square foot range. See our Urban Living page for more details.....
Well, the Phoenix market just had a record set - highest price-per-square foot EVER. A 2,800 sf corner loft on the second floor of Kierland Lofts sold for $3M - or $1,071.43 per square foot! This wasn't even the most expensive condo sold this MONTH - that distiction goes to a 4,500 sf penthouse in Landmark at Kierland, which fetched $3.17M!
For more stats - including how many condos sold for $1M+ in the past year, click HERE for the full article on www.azcentral.com!
This just shows that the high-end condo market remains strong; there are plenty of buyers out there looking to move-down from estates, or that want to live in a thriving community, or that want a luxurious vacation home with essentially no upkeep needed......
Sharon Kotula, ABR
Adam Tarr, e-PRO
Your Phoenix Area Real Estate Source
RE/MAX Excalibur
Scottsdale, AZ
480-483-3333