About Arcadia Homes
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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.
We can currently see (151) homes available in Arcadia today.
The Median Sales Price in February was $400,000, down -12.1% from $455,000 in February of 2019 and down -33.9% from $605,000 last month. The average sales price in February was $538,394, down -4.4% from $563,393 in February of 2019 and down -27.1% from $738,240 last month. February 2020 ASP was at the lowest level compared to February of 2019 and 2018. (See more Market Report below photos)
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 🙂
Some Real Estate listings in 85018, Phoenix, AZ
Monthly Market Report
February property sales were 65, up from 63 in February of 2019 and -11.0% lower than the 73 sales last month. February 2020 sales were at a mid level compared to February of 2019 and 2018. February YTD sales of 138 are running 26.6% ahead of last year's year-to-date sales of 109.
The total inventory of properties available for sale as of February was 230, up 21.1% from 190 last month and down -33.7% from 347 in February of last year. February 2020 Inventory was at the lowest level compared to February 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 February was 73, up from 63 days last month and up from 60 days in February of last year. The February 2020 DOM was at its highest level compared with February of 2019 and 2018.
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 February 2020 selling price per square foot of $264 was down -6.0% from $281 last month and down -1.5% from $268 in February 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 February 2020 selling price vs list price of 95.1% was up from 93.7% last month and down from 95.6% in February of last year.