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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 December was $985,000, up 34.0% from $735,000 in December of 2019 and up 29.2% from $762,450 last month. The average sales price in December was $1,211,486, up 43.8% from $842,556 in December of 2019 and up 24.6% from $972,169 last month. December 2020 ASP was at highest level compared to December of 2019 and 2018.
We can currently see (79) homes available in Arcadia today. (inventory is falling)
Arcadia Homes ~ Newest Listings
Arcadia Homes ~ Monthly Market Report
December property sales were 65, up from 53 in December of 2019 and -1.5% lower than the 66 sales last month. December 2020 sales were at their highest level compared to December of 2019 and 2018. December YTD sales of 731 are running 9.8% ahead of last year’s year-to-date sales of 666.
The total inventory of properties available for sale as of December was 112, up 13.1% from 99 last month and down -34.1% from 170 in December of last year. December 2020 Inventory was at the lowest level compared to December 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 December was 43, up from 28 days last month and down from 62 days in December of last year. The December 2020 DOM was at its lowest level compared with December 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 December 2020 selling price per square foot of $369 was up 1.9% from $362 last month and up 16.4% from $317 in December 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 December 2020 selling price vs list price of 96.2% was down from 97.5% last month and up from 93.7% in December 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 🙂