About Arcadia Homes
We Love doing Live VIDEO Previews! Our Arcadia Homes Buyer Service is FREE! Property Alerts Here 🙂
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.
Price / SqFt…
Our April 2020 selling price per square foot of $362 was up 4.9% from $345 last month and up 19.5% from $303 in April of last year.
We can currently see (177) homes available in Arcadia today.
Arcadia Homes ~ Newest Listings
Arcadia Homes ~ Monthly Market Report
April property sales were 38, down from 60 in April of 2019 and -26.9% lower than the 52 sales last month. April 2020 sales were at their lowest level compared to April of 2019 and 2018. April YTD sales of 177 are running -10.2% behind last year’s year-to-date sales of 197.
The Median Sales Price in April was $992,500, up 57.5% from $630,000 in April of 2019 and up 29.7% from $765,000 last month. The average sales price in April was $1,151,225, up 40.7% from $818,244 in April of 2019 and up 10.4% from $1,043,021 last month. April 2020 ASP was at highest level compared to April of 2019 and 2018.
The total inventory of properties available for sale as of April was 217, up 12.4% from 193 last month and down -24.7% from 288 in April of last year. April 2020 Inventory was at the lowest level compared to April 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 April was 65, up from 63 days last month and up from 57 days in April of last year. The April 2020 DOM was at a mid range compared with April of 2019 and 2018.
Selling Price / 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 April 2020 selling price per square foot of $362 was up 4.9% from $345 last month and up 19.5% from $303 in April 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 April 2020 selling price vs list price of 94.1% was down from 94.5% last month and up from 93.4% in April 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 🙂