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Beautiful Arcadia Homes (Phoenix 85018) can be found nestled between Biltmore on the West, Paradise Valley on the North, and Scottsdale on the East. Your Search Results will appear below showing the “Newest Listings” first.
The Median Sales Price in May was $1,041,500, up 22.5% from $850,200 in May of 2020 and down -15.2% from $1,227,500 last month. The average sales price in May was $1,385,045, up 25.3% from $1,105,620 in May of 2020 and down -8.7% from $1,516,361 last month. May 2021 ASP was at highest level compared to May of 2020 and 2019.
We can currently see (42) homes available in Arcadia today.
Arcadia Homes ~ Newest Listings
Arcadia Homes ~ Monthly Market Report
May property sales were 74, up from 41 in May of 2020 and -5.1% lower than the 78 sales last month. May 2021 sales were at their highest level compared to May of 2020 and 2019. May YTD sales of 328 are running 51.2% ahead of last year’s year-to-date sales of 217.
The total inventory of properties available for sale as of May was 84, up 7.7% from 78 last month and down -52.8% from 178 in May of last year. May 2021 Inventory was at the lowest level compared to May of 2020 and 2019.
The average Days On Market (DOM) shows how many days the average property is on the market before it sells. An upward trend in DOM tends to indicate a move towards more of a buyer’s market, a downward trend a move towards more of a seller’s market. The DOM for May was 22, down from 26 days last month and down from 64 days in May of last year. The May 2021 DOM was at its lowest level compared with May of 2020 and 2019.
Selling Price per Square Foot
The selling price per square foot is a great indicator for the direction of property values. Since median sales price and average sales price can be impacted by the ‘mix’ of high or low end properties in the market, the selling price per square foot is a more normalized indicator on the direction of property values. The May 2021 selling price per square foot of $440 was down -4.3% from $460 last month and up 26.4% from $348 in May of last year.
Selling Price (vs) Listing Price
The selling price vs listing price reveals the average amount that sellers are agreeing to come down from their list price. The lower the ratio is below 100% the more of a buyer’s market exists, a ratio at or above 100% indicates more of a seller’s market. The May 2021 selling price vs list price of 100.4% was up from 98.0% last month and up from 94.8% in May of last year.
Whether you’re thinking about buying or selling, you can contact us directly to discuss your local market. We’d love to be your trusted real estate adviser if you’re looking to make a change this year. Please feel free to contact us with any questions, as we will be happy to hear from you. – Thanks!! (480)208-7955 – We are located next to Paradise Valley (See Map Here) ~ You can also find us at Paradise Valley Homes 🙂