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 (266) homes available in Arcadia today.
February Property sales were 63, down 11.3% from 71 in February of 2018 and 37.0% higher than the 46 sales last month. February 2019 sales were at a mid level compared to February of 2018 and 2017. February YTD sales of 109 are running 10.7% behind last year’s year-to-date sales of 122.
The Median Sales Price in February was $455,000, down 7.1% from $490,000 in February of 2018 and down 12.1% from $517,500 last month. The Average Sales Price in February was $563,393, down 2.2% from $576,342 in February of 2018 and down 25.9% from $760,062 last month. February 2019 ASP was at a mid range compared to February of 2018 and 2017.
The Total Inventory of Properties available for sale as of February was 371, up 6.6% from 348 last month and up 25.3% from 296 in February of last year. February 2019 Inventory was at its highest level compared with February 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 February was 60, up 20.0% from 50 days last month and down 15.5% from 71 days in February of last year. The February 2019 DOM was at its lowest level compared with February 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 February 2019 Selling Price per Square Foot of $268 was down 0.9% from $271 last month and up 6.3% from 252 in February 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 February 2019 Selling Price vs Original List Price of 95.6% was up from 93.7% last month and up from 94.4% in February 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