The Phoenix condo market is among the most active in the country, prompting Polaris Pacific to call the city "the most resilient in the wake of COVID-19." Sales activity at 7180 Optima Kierland in Phoenix illustrates the strong for-sale condo demand through the pandemic. The project averages 4.5 sales per month and is now 85% sold, making it one of the best selling condo projects on the West Coast.

"Before COVID-19, the Scottsdale/Phoenix market was strong, with low inventory, growth in high paying jobs and our Arizona climate which continues to drive our market. We saw a slowdown when the pandemic first hit but once people overcame the initial shock, we saw it come back to near pre pandemic sales velocity at our Kierland project," David Hovey, Jr., president and principal architect for Optima, tells GlobeSt.com.

The pandemic did have an impact on sales activity in the early months, but the home buying market quickly rebounded. For the initial two months after the onset of COVID, sales dropped by approximately 5%. But after that initial softening, sales returned to pre-COVID pace," says Hovey.