Arcadia's real estate statistics and homes for sale data is below for your review. February showed a bit of a rebound in the price per square foot and broke through the $400 ceiling. Looks like home buyers have purchased smaller homes for a bit of a higher price per square foot, but kept their average purchase price in the low $1 million range.

These homes also sold faster, on average in just a month. However, the inventory is still pretty high at over 110 available homes for sale in Arcadia.

Single Family Residence Dec-09 Jan-10 Feb-10
New Listings 26 40 43
Total Listings 83 107 111
Sales Pending 17 18 21
Homes Sold 34 17 16
Listings Expired 29 8 15
Average Days on the Market 69 46 30
Average Price Per Sq. Ft. $428 $388 $402
Median Selling Price $975,000 $900,000 $824,900
Average Selling Price $1,267,907 $1,052,588 $1,064,768
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 10.6 27.3 30.1
Condos Dec-09 Jan-10 Feb-10
New Listings 7 16 19
Total Listings 20 26 36
Sales Pending 6 4 4
Condos Sold 11 3 6
Listings Expired 4 3 6
Average Days on the Market 73 87 78
Average Price per Sq. Ft. $320 $344 315
Median Selling Price $487,000 $635,000 445,000
Average Selling Price $556,509 $675,000 467,388
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 7.9 37.6 26.0
Townhomes Dec-09 Jan-10 Feb-10
New Listings 2 6 7
Total Listings 8 10 13
Sales Pending 3 1 3
Townhomes Sold 5 3 3
Listings Expired 3 3 2
Average Days on the Market 14 102 29
Average Price Per Sq. Ft. $314 $315 313
Median Selling Price $480,000 $723,000 443,000
Average Selling Price $513,600 $712,667 464,500
Absorption Rate (# of weeks to sell current inventory at present rate of sales) 6.9 14.4 18.8


Looking at historical home pricing in Arcadia, it's clear that home buyers are getting good long term value and are building up home equity over time. The graph below shows that over the last 5 years, the median price increased by 8.8% from $615,000 to $659,000 overall. This is including single family homes, condos and townhomes.

Arcadia California Median Home Sales Price 2005 - 2010

Looking at the same data, but for single family home sales only in Arcadia, we see that the median purchase price increased by 18% over the last 5 years. Not too shabby.

1 month 1 year 5 years
Jan 10 Feb 10 % Change Feb 09 Feb 10 % Change Feb 05 Feb 10 % Change
Median Price 925 800 -13.5% 723 800 10.7% 684 800 17%


Arcadia Foreclosure Homes Real Estate Update

What about Arcadia's foreclosure homes? Are they coming up for sale? Are banks willing to wheel and deal?

The problem is lack of inventory... yes... there should be a lot more Arcadia REO homes available for sale. But, just as we have seen with Pasadena foreclosure homes, the banks are taking their time going through the actual foreclosure process. Foreclosure Radar reports that on average, it took lenders 322 days in February to take a property from Notice of Default to a Closed Auction. It's almost 3 months longer than a year ago.

READ MORE: Steps to a foreclosure process

Arcadia California - Time to Foreclose

There are currently 138 Arcadia homes, condos or townhomes going through the foreclosure process. Only 7 homes are showing up as foreclosures available for sale in our MLS system.


Take a look at the available foreclosure homes below:


If you are interested in seeing all the details on these homes, please visit our Arcadia foreclosures for sale. These Arcadia home foreclosure listings in this post are updated every few hours.

If you have any questions about the real estate market in Arcadia or the greater Pasadena area, please give us a call at 626-629-8439.


Foreclosure Friday - Kinneloa Canyon

Foreclosure Friday - South Pasadena's Monterey Road and South Pasadena's Brunswick bungalow

Foreclosure Friday - Bungalow Heaven Craftsman

PasadenaViews Real Estate Team

Pasadena Real Estate Agents

Pasadena, California

Email Irina

(626)629-VIEW (8439)