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 (229) homes available today in this Arcadia Area.
June Property sales were 88, down 2.2% from 90 in June of 2017 and 12.0% lower than the 100 sales last month. June 2018 sales were at a mid level compared to June of 2017 and 2016. June YTD sales of 487 are running 2.3% ahead of last year’s year-to-date sales of 476.
The Median Sales Price in June was $604,500, up 21.9% from $496,000 in June of 2017 and down 9.6% from $668,500 last month. The Average Sales Price in June was $710,348, up 3.2% from $688,436 in June of 2017 and down 11.0% from $798,096 last month. June 2018 ASP was at the highest level compared to June of 2017 and 2016.
The Total Inventory of Properties available for sale as of June was 325, up 0.6% from 323 last month and up 24.0% from 262 in June of last year. June 2018 Inventory was at its highest level compared with June 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 June was 48, down 29.4% from 68 days last month and down 17.2% from 58 days in June of last year. The June 2018 DOM was at its lowest level compared with June 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 June 2018 Selling Price per Square Foot of $275 was down 4.8% from $289 last month and up 9.5% from 251 in June 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 June 2018 Selling Price vs Original List Price of 95.1% was up from 94.0% last month and up from 94.8% in June of last year.
Whether you’re thinking about buying or selling, you can contact me directly to discuss your local market. I’d love to be your trusted real estate advisor if you’re looking to make a change this year. Please feel free to contact me with any questions, as I will be happy to hear from you – Thanks!! (480)208-7955
Corey Frederic –
Coldwell Banker Residential Brokerage