A Look At Market Activity At The Gated Community in Arcadia
This is a real estate market activity report for Woodlands, a gated community of detached homes in Arcadia. In this report, I will share information regarding transactions including homes for sale, in escrow and sold along with closed activity so far in 2017 along with results for the previous three years. Statistical information in this report has been gathered from our multiple listing service(mls) and may not include all sales in the development.
Woodlands consists of 125 detached homes built in 2002 by Greystone Homes. The two story homes range in approximate square footages from 1800 to 2400 according to builder estimates. Public tax assessor records reflect somewhat high square footages. Unlike other areas of Southern California, the number of gated detached home communities within the West San Gabriel Valley of Los Angeles County is rather limited.
This Arcadia gated community of homes has a professionally managed homeowner association with a recreation center, pool, spa, lounge area and grills along with common greenbelt areas. Woodlands is close to the San Gabriel River(605) and Foothill(210) freeways as well as Gold Line light rail stations in Monrovia and Irwindale which opened in 2016. It should be noted that Monrovia(not Arcadia Unified) schools serve this community.
There is a newly listed home on the market for sale in Woodlands. This is a five bedroom three bath floor plan with approximately 2462 square feet. It is located near the recreation center, pool and spa area and is priced at $799,000. There are no homes in escrow. So far in 2017, there have been four mls-reported closed transactions. These sales ranged from $739,888 to $910,000 with an average sales price of $795,722 (median sales price $766,500). They sold at 102.36% of last list price and for $359.52 per square foot on average.
There were two Woodlands homes reported sold in 2016. A four bedroom floor plan with approximately 2268 square feet offered at $759,999 closed for $750,000 in August. In November, a three bedroom home with about 1908 square feet sold for $730,000(last listed for $738,000).
In 2015, there were three reported sales at this gated community of homes in Arcadia. The transactions ranged from $660,000 to $702,000 with an average price of $677,333 (median $670,000). Each sold in excess of list price with an average 102.42% average for the three. The average price per square foot was $301.06 for the year.
There were four reported Woodlands home sales in 2014. They ranged from $650,000 to $685,000 with an average of $671,472 (median $675,444). They sold at 98.93% of last list price and for a very affordable $296.48 per square foot on average.
For the same twelve month period in 2013, there were five sales. Those transactions sold between $570,000 and $699,000 with an average price of $633,800(median $630,000). MLS statistics reflect they sold at 103.16% of last list price and for $289.13 per square foot.
How much is my Woodlands home in Arcadia worth today? With rather limited turnover in this Arcadia gated community of single family homes, it is best advised that a homeowner thinking of selling review more detailed information to find that most appropriate listing price. Condition, updates(or lack thereof), emotional appeal and timing all come into play as factors in determining this. Making the right first impression and making the home available to see are important considerations too. Obviously choosing the right marketing agent to manage this process will be very beneficial to you. If you hire me to assist you -- there will be a detailed plan for you to achieve the best possible results.
Are you interested in knowing more about Woodlands or any West San Gabriel Valley real estate? I can be reached at 818.516.4393 cell. Let’s discuss what’s important to you whether you are a homeowner thinking of selling or a prospective buyer. I look forward to helping you achieve your real estate goals.
Published: August 17, 2017
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