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.
Current Active Listings
Right now there are 50 active listings on the market in Arcadia Lite
🔖 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
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.
🕑 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
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.
💰 Average Sales Price for 85018 zip code Condos
📆 Months of Condo Inventory Supply in the Arcadia Lite
The active number of condos and townhomes in the Arcadia Lite area are 8, while the number sold in the last 30 days were 7.
Therefore we have a total of 1.14 months of condo inventory available in the Arcadia Lite area now.
Active Condos & Townhomes Sept 2018
Closed Condos & Townhomes August 2018
The chart below shows that there is a 1.6 months supply of condominium inventory in all of Greater Phoenix
Wondering what your home might be worth? Find out instantly with our 15-second home value calculator.
See Additional Reports on the Phoenix Real Estate Market
Thank you for checking out the Arcadia Lite Real Estate Market Report – September 2018.
Available Homes in Arcadia Lite