Arizona condo conversions are everywhere. I’ve noticed a ton of them in Scottsdale. This article, however, suggests Scottsdale condo conversions are in good shape compared to other areas that are having serious problems selling their Arizona condo conversions.
As the baby boomers retire, the demand for condos will rise, especially in areas already known as retirement communities, like Scottsdale. Short term there may be oversupply but medium and long term demand should increase strongly.