Jan. 6, 2012

Arcadia Real Estate Market & Housing Report

Arcadia Real Estate Statistics for December 2011 – Arcadia California – Single Family Homes

Arcadia is a city in the Los Angeles county just East of  Pasadena. It is known for the the Santa Anita Race Track and highly rated public school district.  Arcadia offers a lot of real estate options and you can find starter homes, executive homes and luxury estates, all within 11 square miles.

Arcadia home - Sold $335,000 October 2011

321 West Palm - Highest Sold Estate in Arcadia - October 2011

 

Wow... 2011 is over and the new year has just begun.  We close out the last month of 2011 with the following Arcadia housing statistics:

  • There are 94 active single family homes for sale in Arcadia California in December of 2011 ranging between $347,500 to $7,390,000.  The $7 Million dollar Arcadia estate has been on the market for a year now with no takers.  Only 15 homes were listed for sale, but the activity usually slows down during December given that many folks want to have the holiday season without interruptions.  We can safely assume that the 15 sellers that came on the market are very serious and want to sell.  The average list price was $1,160,967.  The average price per square foot of homes available for sale is $405.
  • There are 32 pending/under contract sales and in the past 30 days.
  • December had 32 closed sales with an average closed price $1,236,891.  It took about 133 days to sell a home.
  • YTD there have been 437 closed sales with an average sold price of $1,068,457 spending an average of 100 days on the market.
    • Average price per square foot closed the year at $405
    • Average interior square footage – 2,638
  • Highest Priced Home for December 2011 – $3,300,000 – sold in only 47 days.
  • Lowest Priced Home for December 2011 – $320,000 - home had major foundation issues and sold for all cash.

For comparison purposes, 2010 Arcadia real estate market information is below:

  • 2010 had 393 closed sales with an average sold price of $1,012,026 spending an average of 62 days on the market with an average price of square foot running at $407.
  • Highest Sold– $6,200,000 – 148 days on the market
  • Lowest Sold– $291,000 – 77 days on the market

Learn More:   A list of all Arcadia homes for sale.

Here’s a 10 year look at Arcadia's housing prices:

Arcadia 10 Year Housing Review

 

Scroll down below the home listings to see previous months real estate data. If you have any specific questions, feel free to leave a comment below or email me directly.

 


Interested in seeing what properties are available for sale? Click on the home search button below to search for full access to the Multiple Listing Service. 

READ MORE:  Pasadena real estate update 2012 – see luxury home sales.


Irina is a Top Realtor and the founder and President of Pasadena Views Real Estate Team™. She is available to assist you in all of your Real Estate transactions. Email or call her today at (626)629-8439.

Interested in seeing what available for sale? Take a look at the home listings below. The information is updated real-time as new homes are entered into the Multiple listings service:

Previous Arcadia Real Estate Market Reports

November 2011

  • There are 112 active single family homes for sale in Arcadia California ranging between $352,500 to $7,390,000. 28 of these homes were listed in the month of November with an average list price of $1,052,596.  The average price per square foot of homes available for sale is $398.
  • There are 30 pending/under contract sales and in the past 30 days.
  • November had 28 closed sales with an average closed price $1,133,736.  It took 3 months to sell a home.
  • YTD there have been 403 closed sales with an average sold price of $1,054,240 spending an average of 97 days on the market.
    • Average price per square foot went up to $406
    • Average interior square footage – 2,602
  • Highest Priced Home for November 2011 – $3,500,000 – on the market for over a year.  Originally listed at $4,680,000.
  • Lowest Priced Home for November 2011 – $310,000 – a short sale.

October 2011

  • There are 116 active single family homes for sale in Arcadia California ranging between $350,000 to $7,390,000. 30 of these homes were listed in the month of November with an average list price of $1,052,596.  The average price per square foot of homes available for sale is $408.
  • There are 41 pending/under contract sales and in the past 30 days.
  • October had 45 closed sales with an average closed price $1,164,400 spending an average of 84 days on the market. Given that there were 57 homes under contract last month, I'm happy to report that homes are closing with a lot less homes falling out of escrow and lenders are coming through with financing.
  • YTD there have been 376 closed sales with an average sold price of $1,052,963 spending an average of 97 days on the market.
    • Average price per square foot went up to $406
    • Average interior square footage – 2,603
  • Highest Priced Home for October 2011 – $3,780,000 – on the market for only 53 days and sold 12% under asking.
  • Lowest Priced Home for October 2011 – $335,000 – A foreclosure (REO) sale sold for all cash.

September 2011

[caption id="attachment_3313" align="aligncenter" width="375" caption="Singing Wood Drive Arcadia - most expensive home sold YTD 2011"]Arcadia real estate market report - most expensive home sold YTD 2011[/caption]

  • There are 108 active single family homes for sale in Arcadia California ranging between $349,000 to $7,390,000. 26 of these homes were listed in the month of September with an average list price of $1,562,480.
  • There are 57 pending/under contract sales and in the past 30 days - a significant increase over the 36 from last month.
  • September had 39 closed sales with an average closed price $1,039,477 spending an average of 96 days on the market.
  • YTD there have been 331 closed sales with an average sold price of $1,037,813 spending an average of 99 days on the market
    • Average price per square foot was $403
    • Average interior square footage – 2,589
  • Highest Priced Home for September 2011 – $3,350,000 – a brand new, custom built home sold 10% under asking price.
  • Lowest Priced Home for September 2011 – $319,000 – Short sale sold over asking.

August 2011

  • There are 123 active single family homes for sale in Arcadia California ranging between $320,000 to $7,390,000. 40 of these homes were listed in the month of August with an average list price of $1,273,155.
  • There are 36 pending/under contract sales and in the past 30 days there has been 37 closed sales with an average closed price $1,086,865 spending an average of 72 days on the market.
  • YTD there have been 292 closed sales with an average sold price of $1,037,858 spending an average of 99 days on the market
    • Average price per square foot was $404
    • Average interior square footage – 2,583
  • Highest Priced Home for August 2011 – $3,898,000 – 73 days on the market.
  • Lowest Priced Home for August 2011 – $288,000 – A bank owned (REO) sale purchased for all cash.

July 2011

  • There are 173 active single family homes for sale in Arcadia California ranging between $320,000 to $7,390,000. 48 of these homes were listed in the month of July with an average list price of $$1,199,829.
  • There are 66 pending/under contract sales and in the past 30 days there has been 40 closed sales with an average closed price $958,975 (closing just 2.5% under asking price) spending an average of 107 days on the market.
  • YTD there have been 255 closed sales with an average sold price of $1,030,747 spending an average of 102 days on the market
    • Average price per square foot was $400
    • Average interior square footage – 2,591
  • Highest Priced Home for July 2011 – $3,120,000 – 115 days on the market purchased for all cash just under 6% below asking price.
  • Lowest Priced Home for July 2011 – $349,000 – A short sale finally approved by the bank after sitting 235 days on the market.

June 2011

  • There are 170 active single family homes for sale in Arcadia California ranging between $304,900 to $7,390,000. 43 of these homes were listed in the month of June with an average list price of $$1,205,190.
  • There are 44 pending/under contract sales and in the past 30 days there has been 40 closed sales with an average closed price $1,023,672 spending an average of 70 days on the market.
  • YTD there have been 216 closed sales with an average sold price of $1,024,415 spending an average of 70 days on the market.
    • Average price per square foot was $402
    • Average interior square footage – 2,610
  • Highest Priced Home for June 2011 – $3,750,000 – 94 days on the market.  The home was on Wistaria in the Baldwin School District of Arcadia.
  • Lowest Priced Home for June 2011 – $323,000 – 3 days on the market!  All cash offer and sold over asking price.

May 2011

  • There are 158 active single family homes for sale in Arcadia California ranging between $319,900,000 to $7,390,000. 40 of these homes were listed in the month of May with an average list price of $2,109,000.
  • There are 38 pending/under contract sales and in the past 30 days there has been 31 closed sales with an average closed price $1,180,000 spending an average of 57 days on the market.
  • YTD there have been 176 closed sales with an average sold price of $1,046,674 spending an average of 69 days on the market
    • Average price per square foot was $401
    • Average interior square footage – 2,619
  • Highest Priced Home for May 2011 – $3,728,000 – 48 days on the market.
  • Lowest Priced Home for May 2011 – $198,000 – 3 days on the market!

Interested in more information about Arcadia and surrounding cities, check out our City Guides below:

Alhambra City Guide

Altadena City Guide

Arcadia City Guide

Eagle Rock City Guide

Monterey Hills City Guide

Pasadena City Guide

San Gabriel City Guide

San Marino City Guide

Sierra Madre City Guide

South Pasadena City Guide

And, if you are interested in fun activities to do in Arcadia and the surrounding cities, take a look at our 365 Things To Do In Pasadena® page.

Thinking of selling your Arcadia home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Arcadia Real Estate Market.

Share This Post
Golden Real Estate Aug. 14, 2011

Thanks for the great and informative post. The info you've shared will be very helpful for buyers looking for properties in the area.

Irina Aug. 30, 2011

You are most welcome!

Mile High Real Estate April 16, 2012

Good posting Irina. I could say that the price for these properties are great deals for the buyers, which is why this real estate market has a good standing in its status in sales. Truly great options for buyers searching for homes in California.

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