Fashion Park Villas in Arcadia
A Market Report For The Arcadia Townhome Complex
This is a real estate market activity report for the Fashion Park Villas townhome complex in the city of Arcadia. I will share information for activity so far in 2017 with a recap of closed transactions for the previous three years. The statistical information in this report has been gathered from our local multiple listing service(mls) and may not include all transactions in the complex.
The complex is located on Huntington Drive across from Westfield Santa Anita shopping center as well as historic Santa Anita Park and Race Track. In addition to these attractions, the convenient location of Fashion Park Villas is close to the Foothill(210)Freeway and the Los Angeles County Arboretum and Botanic Garden. A Gold Line station opened in 2016 on First Avenue not far from the complex. School-age children are eligible for enrollment in the well-regarded Arcadia Unified School District.
The professionally managed complex was built in 1974 and has mature landscaping with a pool and lounge area.
Fashion Park Villas consists of split and multi-level floor plans with two or three bedrooms ranging in approximate size between 1040 and 1420 square feet. Features include fireplaces, vaulted ceilings, washer-dryer connections and private patio areas. Each townhome has an attached two car garage with direct access into the home.
There is currently one Fashion Park Villas townhome on the market for sale. It is a two bedroom/two-and-one-half bath unit with approximately 1208 square feet. The unit has some recent updates and is priced at $588,000. It has been a rather active year so far in 2017. There have been eight mls-reported closed sales ranging from $500,000 to $630,000 with an average sales price of $584,313(median sales price $606,250). Nearly 90% have sold above last list price for an average 104% and for $442.78 per square foot year-to-date.
In 2016, there were six reported sales for the year ranging from $485,000 to $578,000 with an average of $542,000(median $552,000). They sold at 99.02% and for $411.42 per square foot on average.
During 2015, a total of four closed transactions were reported. These sales ranged from $468,000 to $548,000 with an average of $520,250(median $532,500). They sold at 101.86% of last list price and for $404.29 per square feet on average.
For full-year 2014, there were eight reported closings ranging from $418,000 to $590,000 with an average of $501,625(median $507,500). They sold at an average 101.8% of last list price and for an average price per square foot of $415.30.
As with any market report, this is a general overview of the complex based on the number of units available for sale and sold during a particular period. The mix in sales will have an impact on the overall numbers.
When the time arrives to position a Fashion Park Villas townhome on the market for sale or to arrive at the best possible offer strategy, more detailed information will be needed. I advise looking at the location within the complex, condition along with a review of the updates(if any) as well as timing and emotional appeal as part of the consideration.
Would you like to know more about Fashion Park Villas or any Arcadia real estate? Let’s discuss what is important to you. I can be reached at 818.516.4393 cell.
Published: September 20, 2017
Fashion Park Villas in Arcadia