Scottsdale Condos Sell Out In Hours

Scottsdale condos sold out in hours as buyers lined up overnight for the converted units...

The Scottsdale Arizona Republic reports that the former Scottsdale Cove apartment complex, which Montecito Property Company converted to condo units, completely sold it's 316-units last Saturday.

Close to 150 buyers and Realtors lined up overnight Friday to purchase units. The sale started at 7:30 a.m. and all 316-units were sold before noon. The units, built in the early 1990's, sold for an average of more than $190,000. More...

This demonstrates the demand for affordable housing in Scottsdale.