Arcadia Homes for Sale - Real Estate Update and Trends for May 2010

See real estate performance in Arcadia California

Arcadia Real Estate Update

It's been awhile since I ran real estate statistics for my readers on Arcadia California. So... to make up for it, you'll get a ton of data that you can chew on... :)

Let's take a look at a couple of things. First, the last few months of our regular data below shows that the number of new homes and the overall inventory of units in Arcadia for all types of properties is staying pretty stable.

Price per square foot of sold single family Arcadia homes is inching up closer to the mid $400 range. It'll be interesting to see if the price will flat line during the summer or move a bit up. My guess is that it will remain pretty stable since the inventory is not moving overly quickly.

There has been an increase in sales for both condos and townhomes. However, the price per square foot moved down a bit.

Arcadia real estate statistics for February 2010 through May 2010:

Single Family Residence	Feb-10	Mar-10	Apr-10	May-10
New Listings	43	60	51	60
Total Listings	111	146	143	147
Sales Pending	21	40	43	32
Homes Sold	16	16	37	41
Listings Expired	15	13	9	12
Average Days on the Market	30	57	44	42
Average Price Per Sq. Ft.	$402	$416	$424.62	$435.62
Median Selling Price	$824,900	$846,500	$850,000.00	$785,000.00
Average Selling Price	$1,064,768	$976,873	$1,115,000.00	$886,162.00
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	30.1	39.5	16.7	15.5

Condos	Feb-10	Mar-10	Apr-10	May-10
New Listings	19	18	12	11
Total Listings	36	45	35	41
Sales Pending	4	7	18	6
Condos Sold	6	7	7	14
Listings Expired	6	5	4	1
Average Days on the Market	78	68	44	74
Average Price per Sq. Ft.	$315	$314	$319	$315
Median Selling Price	$445,000	$498,000	$400,000	$563,500
Average Selling Price	$467,388	$465,857	$545,398	$545,843
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	26.0	27.9	21.7	12.7

Townhomes	Feb-10	Mar-10	Apr-10	May-10
New Listings	7	7	14	13
Total Listings	13	20	22	27
Sales Pending	3	4	10	7
Townhomes Sold	3	3	2	7
Listings Expired	2	2	0	1
Average Days on the Market	29	53	22	47
Average Price Per Sq. Ft.	$313	$316	$339	$302
Median Selling Price	$443,000	$515,000	$631,500	$566,000
Average Selling Price	$464,500	$481,667	$631,500	$565,286
Absorption Rate (# of weeks to sell current inventory at present rate of sales)	18.8	28.9	47.7	16.7

Longer view Arcadia real estate trends?

I wanted to show you the investment return on Arcadia real estate - all property types - based on a purchase five years ago vs. 1 year ago. Trendgraphix using the data from the Pasadena Foothill Association of Realtors captures the following information:

1 month			1 year			5 years
	Mar 10	Apr 10	% Change	Apr 09	Apr 10	% Change	Apr 05	Apr 10	% Change
Avg. Active Price	1193	1159	-2.8%	1275	1159	-9.1%	1132	1159	2.4%
Avg. Sold Price	860	999	16.2%	715	999	39.7%	797	999	25.3%

Real Time Arcadia Real Estate Statistics and Home Sales Data:

Information below is provided by Altos Research and will be updated every week as new real estate data for Arcadia California is available. Feel free to bookmark this post and refer to it often.

7-day stats for Single Family properties in ARCADIA, CA as of May 14, 2010
Median List Price	$950,000	Average List Price	$1,293,545
Total Inventory	196	Price per Square Foot	$421
Average Home Size	2,435	Median Lot Size	10,450
Average # Beds	3.86	Average # Baths	2.78
Homes Absorbed	9	Newly Listed	23
Days on Market	96	Average Age	46

Median Price for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is $950,000

Inventory for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is 196

Average Days on Market for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is 96

Median Price per Sqft for homes in ARCADIA, CA All ZIP Codes as of May 14, 2010 is $421

Interested in seeing homes available for sale in Arcadia?

For details on any of the above properties, please visit Arcadia Homes for sale post.

For weekly updates on Arcadia real estate market activity, please feel free to request market analysis reports with detailed information by clicking here to be taken to the market analysis website page. These reports are gathered and updated by Altos Research and will be emailed to you with my compliments.

PasadenaViews Real Estate Team

Arcadia Real Estate Agents

445 South Fair Oaks Avenue

Pasadena, CA 91105

Irina at PasadenaViews.com