The Scottsdale Luxury Digest · August 2026
August, across the whole city.
Scottsdale above $3M is not one market. It is five — Old Town, the central corridor, DC Ranch and Silverleaf, the north golf belt, and Desert Mountain — and they behave differently enough that a single citywide average tells you almost nothing useful. What the citywide numbers do tell you is scale: over the last twelve months, $2.56 billion changed hands above $3M. This is not a niche.
$2.56B
Traded above $3M · last 12 months
$19.05M
Highest sale of the year
Five hundred and sixty-three homes above $3M closed in Scottsdale in twelve months, at an average of 96% of asking. That is roughly eleven closings a week at the top of this market, and it is the number to keep in mind whenever someone tells you luxury has gone quiet.
The same period saw 123 listings expire and 344 cancelled. Read carelessly that sounds ominous; read properly it is the most useful fact on this page. The market cleared more than half of everything offered to it, at 96 cents on the asking dollar — and the shortfall is concentrated in listings that were never priced to the market they were entering. Above $3M, Scottsdale is deep, liquid and unusually forgiving of a good decision. It is simply not forgiving of a bad one.
Source: ARMLS · City of Scottsdale, $3M and above · closed, expired and cancelled, Aug 2025 – Aug 2026
Marta’s Picks
OPEN HOUSE
$5,125,000
5000 N Camelback Ridge Drive 210 · Ascent at The Phoenician · Old Town corridor
3 bed · 4 bath · 3,985 sqft · Active
MARTA'S TAKE
Nearly $1,290 a foot, against a citywide average sold price of $859. That premium is what walkability costs in Scottsdale — and buyers pay it, because the one thing you cannot build more of down here is proximity. If you have ever wondered why the same money buys twice the house forty minutes north, this is the answer in a single number.
NEW
$3,150,000
7326 E Sonoran Trail · The central corridor
4 bed · 5 bath · 4,362 sqft · Active
MARTA'S TAKE
Around $720 a foot in the part of Scottsdale that quietly offers the most house per dollar. The central corridor is where a good remodel beats a long commute, and it is consistently the least understood segment of this market — established, close to everything, and priced well below both the Old Town premium and the north's new construction.
$4,700,000
10238 E Sierra Pinta Drive · DC Ranch
4 bed · 5 bath · 3,910 sqft · Active
MARTA'S TAKE
Days on the market, in the corridor where the city meets the McDowells. DC Ranch and Silverleaf are the one place where city access and mountain drama genuinely overlap — which is exactly why inventory here moves when it is priced properly, and sits conspicuously when it is not.
$9,130,000
11025 N Miller Road · The north golf belt
6 bed · 6 bath · 8,332 sqft · Active
MARTA'S TAKE
Eight thousand feet of new construction in the belt where the club is the community. Up here the membership economics sit on top of the purchase price — a separate transaction with its own cost and its own timeline. Two similar homes on the same street can be very different purchases depending on what conveys.
$3,200,000
37200 N Cave Creek Road 1059 · Seven Desert Mountain
4 bed · 4 bath · 3,270 sqft · Active
MARTA'S TAKE
The lock-and-leave end of Desert Mountain, and a useful reminder that the mountain is not one product. Behind that gate you can buy a golf cottage or a summit estate — a range wider than any other single community in Arizona, which is precisely why buyers arriving cold find it confusing and represented buyers do not.
Moving This Month
9763 E CORTEZ Street$7,750,000PENDING
9550 E HAVASUPAI Drive$4,100,000UNDER CONTRACT
14715 E Windstone Trail$3,950,000UNDER CONTRACT
5050 N CAMELBACK RIDGE Drive 2303$3,725,000PENDING
5050 N CAMELBACK RIDGE Drive 2305$3,395,000PENDING
11861 E DESERT TRAIL Road$3,250,000UNDER CONTRACT
Statuses update automatically, twice daily — this section maintains itself between issues.
Eleven homes a week close above $3M in this city
The question is never whether the market is there
It is whether your house is the one it chooses. Across twelve months the difference between the listings that closed and the listings that came off was rarely the property — it was the price it opened at, the way it was presented, and how many buyers ever saw it. Those are all decisions, and all three are made before the sign goes up.
Listing data refreshed Aug 15, 2026 8:21 PM UTC. Listing data sourced through this site’s licensed IDX display;
per-listing courtesy noted above. All information should be verified by the recipient and
none is guaranteed as accurate by ARMLS. © 2026 Arizona Regional Multiple
Listing Service, Inc. All rights reserved. Marta Walsh · Russ Lyon Sotheby’s
International Realty · Equal Housing Opportunity.