July Greater Arcadia Closes
Recently recorded sales offer the biggest basis for your home's current value. Follow the link below to see which homes closed in June. Keep in mind your home's condition and the golden rule of real estate: location, location, location are keys to your home's value.
There were 74 sales compared to 81 in June, 86 in May, 62 in April and 69 in March. It is typical to see a dip in closes in the summer in Arcadia. No one moves in the summer unless you have to!! The average list price was $621,929 compared to $527,922 in June and the average sales price was $589,679, compared to $497,000 in June (Homes sold for an average of 95% of list price). The average market time was 105 days (74 in June, 73 in May) and the average size of the homes sold was 2,313 square feet (2,224 in June, 2,214 in May) for an average price per square foot of $219.30 (June sales price per foot was $199.97 and May price per foot was $215.63).
Also to note: values in Arcadia vary widely based on location. For example, in July the lowest sales price was $31,000 for a condo and the highest sales price was $3,875,000 for a brand new 6,700 square foot custom home on Exeter Blvd.