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The Condo Mania Team

News > What is My Scottsdale Condo Worth?

published on 2024-05-10

picture of an upgraded condo

If you are thinking of selling your Scottsdale condo or townhome, we'd be happy to prepare a complementary comparative market analysis (CMA) of your condo's value. We are Scottsdale condo experts, which often gives us unique insights into how to price a condo correctly to meet your goals.

If you are just curious or like to know a general idea of how much your Scottsdale condo is worth, we can quickly give you a ballpark estimate over the phone or email, with just a small amount of information - your condo community, unit number (for location purposes) square footage, number of bedrooms/baths, and any remodels completed in the last 5 years.

If you are a do-it-yourselfer looking for a ballpark idea of how much your Scottsdale condo is worth, you can use ScottsdaleCondoMania.com to help.

  • Find your community using the Browse link at the top of the page, then scroll down to see recent sales to find any that have similar sizes and upgrades as yours. If there is more than one sold listing that is similar, you can average the two.
  • Location is important in many communities, and the price difference between a more desirable location and a less desirable one can be 10% or more. Find a similarly located sold for the best comparison.
  • Determine how many condos are for sale in your community compared to how many have sold lately. This statistic is known as the "absorption rate." Higher absorption rates and low inventory for sale can sometimes mean you can price more agressively.
  • Pay attention to seasonality. Condos in Scottsdale tend to have higher sale prices at the end of the high season, while other periods may see prices drop. This is often quite different from many single family home communities. For more information on this, see When is the best Time to Sell my Scottsdale Condo?.

Pricing a scottsdale condo can get tricky. Our team is experienced in the nuances of many condo communities in Scottsdale and can help you get the highest price for your condo while achieving your goals in the sale.

Contact Us.

 

Though not guaranteed, information and statistics in this article have been acquired from sources believed to be reliable.

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Information Deemed Reliable But Not Guaranteed. The information being provided is for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information, including square footage, while not guaranteed, has been acquired from sources believed to be reliable.

Last Updated: 2024-05-23 05:15:04