Arcadia is a very unique neighborhood, located in the 85018 Zip Code in Phoenix, AZ. Because much of Arcadia is located in what many consider to be the best school district in Arizona (Scottsdale Unified School District), and offers such amazing dining/shopping opportunities and lush green neighborhoods, this area has become extremely popular for people looking for their next home. Add to that its proximity to Old Town Scottsdale, and you get the perfect combination when looking for your next home. The 85018 Zip Code is commonly referred to as Arcadia, and for the purposes of this report, I have included all real estate activity that has occurred in the past month within 85018.
Subscribe to our blog to get a copy of the Arcadia Homes Monthly Real Estate Report each month. The report is meant to keep you up-to-date on the latest real estate trends in the community.
Before I begin to explain the findings in the above chart, allow me to take a moment to define some of the terms.
Active: Listings that are currently listed as being “Active” in the MLS.
Pending: Listings that are currently under contract. This includes both Short Sales and Traditional (non- distressed) listings.
Closed: These are homes that closed escrow during the month of February / 2012.
Traditional: These are listings that are “non-distressed” (i.e., not short sales or bank-owned).
Short Sales: These are listings that are marketed/sold for less than what is owed on their respective mortgages.
Bank-Owned: As the title implies, these are listings that are marketed/sold by the bank/lender that owns them.
Other/Misc.: These are listings that are classified as being owner agent, probate, court approval required, etc.
There are currently 167 Active Listings on the market:
140 Are Traditional Listings
15 Are Short Sales
09 Are Bank-Owned
03 Is/Are Other/Misc.
There are currently 161 Pending Listings:
64 Are Traditional Listings
79 Are Short Sales
08 Are Bank-Owned
10 Is/Are Other/Misc.
During the month of February / 2012, there were 61 Closed Listings:
40 Were Traditional Listings
14 Were Short Sales
05 Were Bank-Owned
02 Is/Are Other/Misc.
Finally, in the Arcadia Homes Monthly Real Estate Report, we will compare month/month cost per square foot for those homes that closed escrow in February / 2012.
The Average Price/Square Foot for homes sold in January / 2012 in Arcadia was $146.45 per square foot.
The Average Price/Square Foot for homes sold in February / 2012 in Arcadia was $133.94 per square foot.
This represents a 9.34% decrease in price/square foot within the community from January / 2012 to February / 2012. The fact that 19 of the 61 homes that closed escrow were either short sales or bank-owned probably had a lot to do with this.
If you are looking to buy in the Arcadia community, feel free to contact the Arcadia Homes Team directly for a more in-depth analysis of area. We pride ourselves on our long-standing reputation of representing buyers in the Arcadia market, as well as surrounding neighborhoods in the area.
Or, if you are looking for the exclusive Arcadia AZ Homes for Sale search, you’ve come to the right place. This valuable search tool allows you to set up your own search parameters, and you will receive an email whenever a new listing that matches your needs hits the market. Trust me, you’ll love it!
If you currently live in the Arcadia market, and are looking to sell your home, look no further. Call Bob Hertzog today to discuss your options.
As I said at the beginning, I will be posting this information on a monthly basis. If you’d like to keep abreast of the latest happenings, feel free to subscribe to our blog to receive the Arcadia Homes Monthly Real Estate Report.
Below is a small sampling of the homes that are currently listed and available in the Arcadia Phoenix market. Feel free click on the blue link titled “See More Arcadia AZ Homes For Sale” to get a complete list of homes that are currently available. These listings are taken directly from the Arizona MLS, which gives you the most up-to-date source of listing information on the planet. Enjoy!
Arcadia AZ Homes For Sale
Showing properties
1 - 10 of 218.
See more Arcadia AZ Homes for Sale.
(all data current as of
6/18/2013)
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$789,000 : 5504 N Calle Del Santo --, Phoenix4 beds, 4.00 baths
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$650,000 : 5227 E Osborn Road, Phoenix3 beds, 3.00 baths
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$225,000 : 4814 E Earll Drive, Phoenix2 beds, 1.75 baths
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$365,000 : 4016 E Avalon Drive, Phoenix3 beds, 2.00 baths
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$72,500 : 3635 N 37th Street, Unit 9, Phoenix2 beds, 2.00 baths
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$2,295,000 : 4425 N Arcadia Lane, Phoenix8 beds, 7.50 baths
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$319,900 : 4136 E Glenrosa Avenue, Phoenix3 beds, 1.75 baths
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$109,900 : 4142 E Calle Redonda Road, Unit 61, Phoenix2 beds, 2.00 baths
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$350,000 : 3745 E Amelia Avenue, Phoenix3 beds, 2.00 baths
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$290,000 : 4545 E Heatherbrae Drive, Phoenix2 beds, 1.00 baths
Listing information deemed reliable but not guaranteed. Read full disclaimer.
Google+
Hi Bob!
Thank you for the February Monthly Real Estate Report.Good to know I am also informed about what is happening in your area.I’m sure all your sales are doing ok,especially knowing that you’re one of the best Phoenix Short Sales Agent.Best of Luck!
Jennifer Manchester
Suburban Properties of Charlotte, LLC.
Charlotte Short Sale Agents
Excellent way of thinking here Bob,including the market report and the listing as well.Well done!Great job!Keep being the number one Phoenix Short Sale Agent.Best of luck!
Christine Pappas
RE/MAX Results
Willoughby Oh Short Sale Agents