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Arcadia Real Estate

Brian Adamski, Realtor

Arizona’s Elite: Top 3% Realtor
Professional 5-Star Service

Arcadia Market Overview

Highlights

As of February 7, 2025, the single-family home market in Arcadia continues to experience notable shifts that may influence both buyers and sellers.

  • Inventory levels have risen recently, totaling 35 active listings compared to 29 three months ago.
  • The average days on market (DOM) has increased, now averaging 43 days, which provides insight into the pacing of sales.
  • Meanwhile, sold prices for the past 30 days show an average of $3,298,126, suggesting fluctuations in buyer expectations and final transaction values.

Info About Arcadia

Real Estate in Phoenix Arcadia

Phoenix Arcadia Real Estate for Sale

A while back, Money Magazine stated that Arcadia was one of the great places to live in the Metro Phoenix Area primarily because of its greenery, luxury homes, and high-performing school system, which actually falls under the Scottsdale school system. A perfect place to raise a family they said. Arcadia real estate, but when this article got published, it took it to another level.

Arcadia is very family oriented as there are large grassy yards, many homes with pools, sports courts are becoming standard, quiet streets, and the Arcadia Schools are among the best in the state. There are public, charter, and private schools available.

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Arcadia is perfect for the active person, with majestic Camelback Mountain being right there for hiking or mountain biking. Piestewa Peak (formerly Squaw Peak) is just a short 10-minute drive away too. Papago Park is about a 10-minute drive from Arcadia. There is plenty of hiking, trail running, mountain biking, beautiful scenery, and amazing sunsets at any of these parks. The Arizona Canal Trail that makes up the southern border of Arcadia is perfect for jogging, biking, rollerblading, or just taking a stroll. The canal goes for miles throughout Central Phoenix and connects into the trails along the Scottsdale Greenbelt.

High-End Shopping

For your groceries, there is AJs, Fresh-N-Easy, Fry’s, Safeway, and trendy La Grande Orange Grocery and Pizzeria (locals refer to it as LGO). Living in Arcadia puts you in the middle of two of the finest shopping areas in the Metro Phoenix Area as there is the Biltmore Fashion Park and the infamous Scottsdale shopping.

Restaurants

In short, your Arcadia dining options are plentiful. Within a five-minute drive of Arcadia, everything from casual dining to some of the finest dining in the Metro Phoenix Area. Lons at the Hermosa (Artful American Cuisine), T. Cook’s (Mediterranean inspired cuisine) at the infamous Royal Palms Resort, The Vig (Contemporary Eclectic), and Vincent on Camelback (French).

Phoenix Arcadia Homes for Sale

Arcadia Homes for Sale

All of the following can be found at the elegant AAA Five Diamond Phoenician Resort… Relish Burger Bistro (gourmet burgers), Il Terrazzo (American-Italian cuisine), J&G Steakhouse (sophisticated classics). Two fun neighborhoods spots are La Grande Orange Grocery and Pizzeria and Postino WineCafe.

In that same 5 minute drive to the east of Arcadia, you will enter the wonderful world of Scottsdale (including Old Town Scottsdale of course) which I believe has more dining choices per capita than anywhere in the world (ok I just made that up).

Drive 10 minutes west of Arcadia and you will end up in Phoenix’s Biltmore Area where there are many great restaurants in and around the Biltmore Fashion Park.

The bottom line is that you won’t go hungry while living in Arcadia.

History

Arcadia is a gorgeous and prestigious desert oasis neighborhood in the heart of Phoenix. It was born in the early 1920s when the land just south of Camelback Mountain was sold in 5 acre lots for 35 cents per acre for the primary use of citrus farms. Some Arcadia homes were built in the 1920s and 1930s, but this was still considered a rural area at that time. As the Phoenix sprawl reached (or at least got closer) in the 1940s, you will find that most homes were built between 1940-1960. Arcadia was named for Virgil’s Arcadia: a peaceful, pastoral region of ancient Greece.

According to Merriam-Webster, Arcadia means “a region or scene of simple pleasure and quiet”. Take a drive through the winding streets of Arcadia and you will soon succumb to its tranquility as Arcadia has some of the lushest landscaping in all of Phoenix with green lawns, towering trees, swaying palms, and huge oleander plants that are not only colorful but act as privacy walls. And there still remains quite a few citrus trees which is a special treat for the nose during their blooming season in spring. Arcadia is a true desert oasis.

Types of Homes

Modern Arcadia Homes for Sale

Modern Arcadia Homes for Sale


Since Arcadia’s beginning, it has been synonymous with luxury homes as these were built as estate homes. Most homes are built on at least a half-acre up to 5 acres. With the high quality of the original construction, Arcadia amenities, and its location, Arcadians tend to stay and renovate/expand their homes rather than moving away. Most Arcadia homeowners will normally get first-class architects involved in the process. On occasion, it is decided that some homes are beyond a renovation, are torn down, and started from scratch. Nevertheless, the talented architects design the new construction to still have the charm/character of yesteryear so that it blends seamlessly with the other existing homes.

Arcadia Real Estate varies greatly in terms of architectural style ranging from a Spanish Colonial, Tudor Revival, Country Cottage, Ranch, Cape Cod, modern, and more. Arcadia is not formally a historic district even with its age and is far from a tract home community.

There are some lovely neighborhoods adjacent to Arcadia that are significantly less expensive than Arcadia proper, but are still quite desirable. One of which is Arcadia Lite and another is Lower Arcadia.

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Arcadia Market Report

An In-Depth Look at Arcadia

The single-family home market in Arcadia is currently witnessing dichotomous trends that provide a nuanced picture for market participants. The increase in active listings to 35 marks a notable change from 29 three months ago, hinting at a slightly more competitive environment as more options become available. This shift in inventory levels aligns with the rising average days on market, which is currently at 43 days—up from 102 days three months ago. Such a significant rise in DOM can signal varied buyer sentiment; prolonged market durations may indicate that properties are not being purchased as quickly, perhaps due to price adjustments or market saturation.

Moreover, the average sold price at $3,298,126 reflects a landscape where buyers are adapting their offers in tandem with shifting market conditions. This figure is a marked contrast from $4,418,200 just three months ago, emphasizing a drop in buyer competition and indicating a possible willingness among sellers to negotiate. The variance in sold prices also reflects broader market trends, where softer asking prices may be influencing buyers to engage more actively in negotiations.

Furthermore, the increase in months of inventory, which currently sits at 6.1, indicates a gradual shift towards a more balanced market. This is evident when considering this number against previous metrics—3.8 months of inventory three months ago. A months of inventory figure above 6 often points to a buyer's market, setting the stage for potential negotiations regarding sales prices.

Interestingly, the price per square foot has exhibited fluctuating trends as well. The recent average of $987 per square foot contrasts with the $924 seen three months ago, highlighting how remaining properties are being priced amid competitive pressures.

In summary, the Arcadia market shows an intriguing landscape for buyers and sellers alike. Buyers should consider timing their offers tactically, taking into account the increasing DOM and the volume of new listings. Sellers, however, may need to adopt more competitive pricing strategies to stand out amidst larger inventory, especially if they wish to avoid prolonged DOM. As both sides adapt to these evolving conditions, staying informed on these key metrics will be crucial for successful transactions.

Not knowing any Realtors in the Phoenix area, we were impressed with Brian's website/reviews and decided to contact him. That was a good decision as Brian turned out to be a gem!
Einar and Heddy Gundersen, Buyers
Brian Adamski review from google

Brian Adamski, Realtor

Arizona’s Elite: Top 3% Realtor
Professional 5-Star Service

Brian Adamski, Realtor
480-405-1265

I took Brian's suggestions for getting the house prepped prior to listing it. I'm glad I did as my house was on the market for a week when an offer came in.
Lou DeVos, Seller
Brian Adamski review from google

 

Brian Adamski, Realtor

Arizona’s Elite: Top 3% Realtor
Professional 5-Star Service

Brian Adamski, Realtor
480-405-1265

Not knowing any Realtors in the Phoenix area, we were impressed with Brian's website/reviews and decided to contact him. That was a good decision as Brian turned out to be a gem!
Einar and Heddy Gundersen, Buyers
Brian Adamski review from google

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