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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 July was $802,500, up 14.6% from $700,000 in July of 2019 and down -11.3% from $905,000 last month. The average sales price in July was $1,040,839, up 13.2% from $919,622 in July of 2019 and down -1.2% from $1,053,201 last month. July 2020 ASP was at highest level compared to July of 2019 and 2018.
We can currently see (123) homes available in Arcadia today.
Arcadia Homes ~ Newest Listings
Arcadia Homes ~ Monthly Market Report
July property sales were 84, up from 67 in July of 2019 and 6.3% higher than the 79 sales last month. July 2020 sales were at their highest level compared to July of 2019 and 2018. July YTD sales of 381 are running -5.7% behind last year’s year-to-date sales of 404.
The total inventory of properties available for sale as of July was 172, up 11.7% from 154 last month and down -25.9% from 232 in July of last year. July 2020 Inventory was at the lowest level compared to July 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 July was 47, down from 72 days last month and down from 68 days in July of last year. The July 2020 DOM was at its lowest level compared with July 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 July 2020 selling price per square foot of $351 was up 1.7% from $345 last month and up 16.2% from $302 in July 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 July 2020 selling price vs list price of 95.8% was up from 93.7% last month and up from 93.1% in July 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 🙂