About Arcadia Homes
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 (271) homes available in Arcadia today.
January Property sales were 46, down 9.8% from 51 in January of 2018 and 9.8% lower than the 51 sales last month. January 2019 sales were at a mid level compared to January of 2018 and 2017. January YTD sales of 46 are running 9.8% behind last year’s year-to-date sales of 51.
The Median Sales Price in January was $517,500, up 7.8% from $480,000 in January of 2018 and up 5.6% from $490,000 last month. The Average Sales Price in January was $760,062, up 13.1% from $671,806 in January of 2018 and up 9.6% from $693,374 last month. January 2019 ASP was at the highest level compared to January of 2018 and 2017.
The Total Inventory of Properties available for sale as of January was 370, up 16.0% from 319 last month and up 26.3% from 293 in January of last year. January 2019 Inventory was at its highest level compared with January 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 January was 50, down 26.5% from 68 days last month and down 26.5% from 68 days in January of last year. The January 2019 DOM was at its lowest level compared with January 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 January 2019 Selling Price per Square Foot of $271 was down 1.5% from $275 last month and up 1.0% from 268 in January 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 January 2019 Selling Price vs Original List Price of 93.7% was up from 93.5% last month and down from 94.6% in January 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
Corey Frederic –
Coldwell Banker Residential Brokerage