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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 August was $1,050,000, up 46.3% from $717,500 in August of 2020 and down -2.3% from $1,074,250 last month. The average sales price in August was $1,535,479, up 33.7% from $1,148,861 in August of 2020 and up 16.5% from $1,317,555 last month. August 2021 ASP was at highest level compared to August of 2020 and 2019.
We can currently see (39) homes available in Arcadia today.
Arcadia Homes ~ Newest Listings
Arcadia Homes ~ Monthly Market Report
August property sales were 43, down from 56 in August of 2020 and -17.3% lower than the 52 sales last month. August 2021 sales were at their lowest level compared to August of 2020 and 2019. August YTD sales of 481 are running 9.8% ahead of last year’s year-to-date sales of 438.
The total inventory of properties available for sale as of August was 79, up 2.6% from 77 last month and down -41.0% from 134 in August of last year. August 2021 Inventory was at the lowest level compared to August 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 August was 30, down from 32 days last month and down from 51 days in August of last year. The August 2021 DOM was at its lowest level compared with August 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 August 2021 selling price per square foot of $456 was down -2.4% from $467 last month and up 15.4% from $395 in August 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 August 2021 selling price vs list price of 98.5% was down from 100.2% last month and up from 95.4% in August 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 🙂