August 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 August. 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 56 sales in August compared to 74 in July, 81 in June, and 86 in May. 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 $746,629 compared to $621,929 in July and $527,922 in June and the average sales price was $719,532 in August, compared to $589,679 in July and $497,000 in June (Homes sold for an average of 97% of list price). The average market time was 82 days (105 in July, 74 in June) and the average size of the homes sold was 2,667 square feet (2,313 in July, 2,224 in June) for an average price per square foot of $224.60 (July sales price per foot was $219.30, June sales price per foot was $199.97).
Also to note: values in Arcadia vary widely based on location. For example, in August the lowest sales price was $55,500 for a condo and the highest sales price was $3,695,000 for a brand new 7,700 square foot custom home on Exeter Blvd