Arcadia Lite Real Estate Market Report for September 2018 will provide homeowners and homebuyers insightful information. Here we take a look at the activity in Arcadia Lite. We will offer commentary for those interested in Arcadia Lite Homes, townhomes, and condos.

🏡 Arcadia Lite Housing Snapshot

The Arcadia Lite Real Estate Market Report – September 2018 lays out the recent changes in the market.

Compare the historic data to recent numbers to see how the market is performing.

In a nutshell, prices are up, supply is down and homes are selling at a good clip.

Sellers are still in the driver’s seat.

Buyers can snag a good home at a fair price if they watch the market closely.

It’s easy to overpay in today’s market.

We hope that buyers and sellers alike will glean from this information and make the best decisions possible.

If you need help with making heads or tails of the properties in Arcadia Lite I can help.

You can reach me at 1-480-442-3501 by text or phone call.

See What Homes in Your Neighborhood are Fetching These Days

Current Active Listings

Right now there are 50 active listings on the market in Arcadia Lite

Arcadia Lite Active Listings September 12, 2018

🔖 What is the Average Price in The Arcadia Lite?

Look closely at the changes in the median sales prices each year. I have 2006 displaying along with the more recent years. It’s amazing to see the 2018 is far beyond the so-called bubble pricing of 2006.

The chart displays the annual median sales price of single-family detached homes in the 85018 ZIP code.

🗓 Months of Supply in Arcadia Lite

In the past 30 days there were 20 homes sold and closed. There are currently 50 homes available for sale in Arcadia Lite.
This means we have 2.5 months of supply/inventory on the market in Arcadia Lite right now.

This chart plots months of supply based on the monthly sales rate. It considers all ARMLS residential sales within Greater Phoenix and does not include out of area listings).

Phoenix Months of Supply

📊 Volume of Annual Sales Arcadia Lite & 85018

The Arcadia Lite area had a total of 210 sales from August 31st, 2017 – August 31st, 2018

Arcadia Lite Home Sales Sept 2017-Sept 2018

The chart below plots annual sales counts based on the preceding 12 calendar months in the 85018 zip code.

🏠 Arcadia Lite Existing Home Sales for September, 2018

In the month of August, there were a total of 25 homes sold and closed in the Arcadia Lite neighborhood.

Arcadia Lite Home Sales August 2018

🕑 Average Time on Market of Listings in 85018 Zip code for past 5 years

The graph here shows days supply (based on annual sales) for single-family detached homes in Phoenix over the last 5 years.
Notice that 2008 had nearly 500 days of inventory at its peak, and 2014 had over 100 days of inventory.
Compare that to today; we currently have 74 days of inventory.

💲 Average List to Close Price for the 85018 zip code

The green line represents the average list price and the blue line represents the actual sales price.

📈 Real Estate Statistics: National Stats

Real Estate Statistics - National Stats _ US Map

Highlights from Realtors® polled Across the US

of the closed contracts from the month of July 2018 – 73% of them had contract contingencies
Vacation and Investor sales made up 13% of all sales
Respondents report that low inventory and interest rates are major contributors to sales activity.
86% of the respondents say that property prices held or increased compared to one year ago.

🤑 85018 Median Price Range (past 5 years)

The monthly median sales price for a single-family home in the 85018 zip code in August 2018 is $850,000.
The annual median sales price for a single-family home in the 85018 zip code in 2018 is $565,750.
The reason for the big difference is due to the fact that the annual number is based on many more homes.
The median price is the price right in the middle of the high and the low.