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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 September was $845,000, up 29.3% from $653,350 in September of 2019 and up 17.8% from $717,500 last month. The average sales price in September was $1,162,950, up 36.9% from $849,317 in September of 2019 and up 1.2% from $1,148,861 last month. September 2020 ASP was at highest level compared to September of 2019 and 2018.
We can currently see (118) homes available in Arcadia today.
Arcadia Homes ~ Newest Listings
Arcadia Homes ~ Monthly Market Report
September property sales were 85, up from 38 in September of 2019 and 51.8% higher than the 56 sales last month. September 2020 sales were at their highest level compared to September of 2019 and 2018. September YTD sales of 523 are running 5.0% ahead of last year’s year-to-date sales of 498.
The total inventory of properties available for sale as of September was 165, up 16.2% from 142 last month and down -26.3% from 224 in September of last year. September 2020 Inventory was at the lowest level compared to September of 2019 and 2018.
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 September was 52, up from 51 days last month and down from 74 days in September of last year. The September 2020 DOM was at its lowest level compared with September of 2019 and 2018.
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 September 2020 selling price per square foot of $357 was down -9.6% from $395 last month and up 14.4% from $312 in September 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 September 2020 selling price vs list price of 95.8% was up from 95.4% last month and up from 92.8% in September 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 🙂