| Property Type |
Area |
New |
Avg LP |
Pending |
Avg LP |
Sold |
Avg SP |
%SP/LP |
Avg CDOM |
| RES |
404 |
177 |
$1,641,856 |
52 |
$988,551 |
45 |
$746,968 |
92.02% |
153 |
| RES |
405 |
37 |
$1,299,670 |
16 |
$1,205,112 |
4 |
$870,975 |
98.42% |
251 |
| RES |
406 |
101 |
$319,679 |
50 |
$302,240 |
32 |
$275,278 |
93.71% |
90 |
| RES |
410 |
209 |
$298,718 |
110 |
$263,801 |
85 |
$256,093 |
93.39% |
140 |
| |
|
|
$889,980 |
|
$689,926 |
|
$537,328 |
94.38% |
158 |
| Information is Believed To Be Accurate But Not Guaranteed |
Arizona Regional Multiple Listing Service, Inc. |
Home sales in Arcadia (Area 405) finally look promising as 16 single-family homes went PENDING in the MLS in April. This is 4x higher than the 4 that closed escrow during the month. Lower Arcadia (406), Paradise Valley (404) and South Scottsdale all experienced jumps as well. Average Days on Market still is a concern and a number to keep an eye on, with Arcadia sitting at a prolonged 251 days. The silver lining is that this extend market time is not leading to desparate sellers accepting low ball offers. At 98.42% sales price to list price, the numbers look pretty good. 50 PENDING SALES and a 90 day market time in South Arcadia bodes well, too. Paradise Valley while expereincing more activity is also seeing the lowest Sales Price to List Price ratio in the area at 92.02%, and the properties selling are only averaging under $747,000. This is $300,000-$400,000 below the traditional average and means that smaller homes are selling, but for well below asking price.
;)
;)
