Arcadia Lite Real Estate Market Report for November 2018 will give owners and buyers helpful information. We look at all the activity in Arcadia Lite. We offer thoughts and ideas for those interested in Arcadia Lite Homes, townhomes, and condos.

📣 John’s Arcadia Lite Housing Market Predictions November 2018

See What Homes in Your Neighborhood are Fetching These Days


🔖 What is the Average Price in The Arcadia Lite?

Here, the chart shows the 85018 average sales price.

Now, lets see what the Arcadia Lite Real Estate Market Report – November 2018 has to say about supply.

🗓 Months of Supply

The months supply for the city of Phoenix is displayed in the chart below.

Arcadia Lite Months Supply

As of this date (November 13th, 2018) we have 1.81 months of total supply in Arcadia Lite.

We calculate this by dividing the total active listings by homes under contract plus sold properties in the last 30 days.

Currently there re 58 active listings in Arcadia Lite. Of those 40 are single family homes, 6 are townhomes, and 12 are condos.

If you look at the September Supply numbers you will see that Phoenix is increased in supply compared to September. Arcadia Lite stands alone though. It is becoming even more competitive for buyers to strike a deal in Arcadia Lite today that it was just 2 months ago.
How long will this go on?

📊 Volume of Annual Sales

As you can see by the colored ars the Arcadia Lite zip code demonstrates that almost zero distressed sales are occurring in this attractive area.

🏠 Existing Home Sales for November 2018

🕑 Average Time on Market of Listings in Phoenix for past 5 years

Days On Market in Arcadia Lite

The 5 year average for a single family home to sell in the neighborhood is 92 days.

The current 1 year average days on market for a single family home is 80 days, and 64 days for a condo.

Next up, the active number of listings in Arcadia Lite and the 85018 zip code according to our Arcadia Lite Real Estate Market Report – November 2018.

🏘 Active Number of Listings in 85018 for the Past 5 Years

💲 Average List to Close Price

📈 Real Estate Statistics: National Stats

Real Estate Statistics - National Stats _ US Map

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Highlights

  • Properties were on the market for 32 days on average compared to 34 in September 2017
  • 81 percent of respondents said that home prices were either stable or on the rise compared to September 2017
  • 32% of the homes sold were by 1st-time homebuyers. In September last year, that number was only 29%.
  • Cash sales made up 21% of all sales compared to 20%a year ago.
  • Realtors® report that interest rates and low inventory are the greatest contributors to effect transactions today.

🤑 85018 Median Price Range (past 5 years)

The current median sales price for the 85018 zip code is $630,000.


<Current Arcadia Lite Median Sales Price>

The Arcadia Lite median Sales price is currently standing at $899,000.

The Arcadia Lite median Sales price is currently standing at $899,000.


Map displays 12 months sales of single fam homes in Arcadia Lite.

💰 Average Sales Price for Arcadia Lite Condos and Townhomes

The average sales price for a condo in the 85018 zip code is $285,000. Next, in our Arcadia Lite Real Estate Market Report – November 2018, we look at condo inventory for the area.

📆 Months of Condo Inventory Supply in the Arcadia Lite

The condo inventory for the 85018 zip code below

 

 

Arcadia Lite condo inventory is currently starving at just 12 active listings

 

⌚️ Average Time on Market for Condos in the 85018 zip code (over the last 5 years)

 

🤓 Need More Info?

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

Here’s the most recent home listings just added to the database in the average price range for Phoenix.

All homes here are priced at $300,000 or less.

🗣 Area Featured Businesses

Available Homes in Arcadia Lite


📰 Area News & Business

The Arcadia News is a fun and easy read. Keeps you up to speed on the local stuff.

This month I’d like to highlight the Arizona Hiking Shack at 32nd & Thomas. It’s the best. Stop in before your next camping or hiking outing.

 

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