October Greater Arcadia Closes
Better late than never...it has been busy around here!
There were 67 sales in October compared to 69 sales in September, 56 in August, 74 in July, 81 in June, and 86 in May. A typical uptick given the seasonality of the Phoenix market. The average list price was $548,659, a nice increase from September's $494,904. There were six sales over $1,400,000 with the biggest being $2,200,000, a 4,000 square foot home on Lafayette. Homes sold for an average of 96% of list price, which is a typical ratio for the area. The average market time was 97 days and the average size of the homes sold was 2,128 square feet for an average price per square foot of $220.05.
Also to note: values in Arcadia vary widely based on location. For example, in October the lowest sales price was $65,000 for a condo and the highest sales price was $2,200,000 for the home discussed above.