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
Pasadena, California
(626)629-VIEW (8439)
