About Arcadia Homes
Beautiful Arcadia Homes (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 (212) homes available in Arcadia today.
August Property sales were 84, up 23.5% from 68 in August of 2017 and 13.5% higher than the 74 sales last month. August 2018 sales were at their highest level compared to August of 2017 and 2016. August YTD sales of 647 are running 4.0% ahead of last year’s year-to-date sales of 622.
The Median Sales Price in August was $512,500, up 10.2% from $465,000 in August of 2017 and down 11.8% from $581,000 last month. The Average Sales Price in August was $650,665, up 2.1% from $637,243 in August of 2017 and down 13.5% from $752,041 last month. August 2018 ASP was at the highest level compared to August of 2017 and 2016.
The Total Inventory of Properties available for sale as of August was 292, down 3.9% from 304 last month and up 11.5% from 262 in August of last year. August 2018 Inventory was at its highest level compared with August of 2017 and 2016.
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 52, down 25.7% from 70 days last month and down 17.5% from 63 days in August of last year. The August 2018 DOM was at its lowest level compared with August of 2017 and 2016.
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 2018 Selling Price per Square Foot of $261 was down 6.0% from $278 last month and up 4.0% from 251 in August of last year.
Selling Price vs Original Listing Price
The Selling Price vs Original Listing Price reveals the average amount that Sellers are agreeing to come down from their original 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 2018 Selling Price vs Original List Price of 93.3% was down from 93.8% last month and down from 95.1% 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 advisor 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