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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. Fine-Tune those results by simply adding more of your own criteria in the form provided below, for better and Quick Results!! Simply “click” on the home photos to display all the details for your selected home.
We can currently see (210) homes available in Arcadia today.
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
Corey Frederic –
Coldwell Banker Residential Brokerage
Some Real Estate listings in 85018, Phoenix, AZ
Monthly Market Report
August property sales were 74, down from 84 in August of 2018 and -19.6% lower than the 92 sales last month. August 2019 sales were at a mid level compared to August of 2018 and 2017. August YTD sales of 635 are running -1.7% behind last year's year-to-date sales of 646.
The median sales price in August was $532,500, up 3.9% from $512,500 in August of 2018 and down -4.5% from $557,500 last month. The average sales price in August was $762,471, up 17.2% from $650,665 in August of 2018 and up 4.7% from $728,425 last month. August 2019 ASP was at highest level compared to August of 2018 and 2017.
The total inventory of properties available for sale as of August was 276, down -1.4% from 280 last month and equal to 276 in August of last year. August 2019 Inventory was at a mid range compared to August of 2018 and 2017.
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 66, equal to 66 days last month and up from 52 days in August of last year. The August 2019 DOM was at its highest level compared with August of 2018 and 2017.
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 2019 selling price per square foot of $273 was up 0.4% from $272 last month and up 4.6% from $261 in August of last year.
Selling Price vs Original 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 2019 selling price vs list price of 92.8% was down from 93.6% last month and down from 93.3% in August of last year.