Phoenix condo market ‘most robust’

Above: 7180 Optima Kierland.

By AZRE | AZBigMedia

Polaris Pacific, the leading real estate sales and marketing group for new residential communities, announced today the introduction of a weekly, real-time market trend dashboard that measures changes to the condominium sector of eight core West Coast markets and provides data to navigate the complexities created by COVID-19 on these condominium markets.

Of the eight West Coast markets, Phoenix-metro has been the most robust market through the pandemic in terms of sales volumes and prices, according to the latest report. The Phoenix/Scottsdale condo market has been remarkably resilient through the pandemic. We never saw the same steep drop-off in this market as we did in all others. Weekly transaction values briefly leveled off slightly below pre-pandemic levels before roaring back six weeks later, beginning in mid-May.

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