Arcadia Lite Market Overview
Highlights
As of February 7, 2025, the single-family home market in Arcadia Lite has shown mixed trends, reflecting both opportunities and challenges for buyers and sellers.
- The average days on market (DOM) for homes has risen to 85 days, indicating a slower pace compared to earlier this year.
- Months of inventory currently sit at 5.6, slightly up from 4.3 months three months ago, suggesting a shift towards more balanced market conditions.
- Recent sold prices have climbed to an average of $1,284,547, highlighting continued buyer interest.
- As listings transition to sale, active listing prices seem well-placed at an average of $1,676,569, providing choices for prospective buyers.
Info About Arcadia Lite
Located in the heart of Phoenix, Arcadia Lite is a charming neighborhood that has become a top destination to live. Many home buyers and investors seek out Arcadia Lite homes for sale. Arcadia Lite offers a diverse selection of homes for sale ranging from charming bungalows to luxurious estates, making it a great place for anyone seeking an idyllic and serene lifestyle.
A strong community spirit that is reflected in the Arcadia Lite local hangouts. For instance, La Grande Orange is a popular spot for coffee lovers in the morning, while Postinos is a go-to for those seeking a glass of wine in the evenings. Another cool place for cocktails is UnderTow. The peaceful streets of Arcadia Lite and nearby canal also provide a great place for those who love to take walks or runs.
Read More...
The Arcadia Lite Neighborhood Association is an organization dedicated to promoting and enhancing the quality of life in the community through community events, beautification projects, and more.
Families with children will appreciate Arcadia Lite being close in proximity to top-rated schools such as Hopi Elementary School, Ingleside Middle School, and Arcadia High School. Many people send their kids to an award-winning charter school named Great Hearts Academy or Villa Montessori. These Phoenix schools are known for their academic excellence and rigorous curriculum, making them highly sought after by families in the area.
Arcadia Lite homes for sale are definitely worth considering. There are just over 2,000 single family homes and 1,300+ condos/townhomes within this amazing community. With its great amenities, diverse housing options, and strong sense of community, Arcadia Lite is poised to be one of the most sought-after neighborhoods in Phoenix for years to come. So why not explore this charming and safe neighborhood and see for yourself what makes it such a special place to call home?
All of the above is why Phoenix Arcadia Lite was just recently recognized as one of the most desirable neighborhoods in Phoenix.
If your budget is in the millions, then you can upgrade to Arcadia homes for sale, which is the crown jewel of Phoenix.
View the Arcadia Lite Homes for Sale
Be the First to See New Listings
No pressure. Unsubscribe anytime. I hate spam too, so you can trust that I'll safeguard your information.
Arcadia Lite Market Report
An In-Depth Look at Arcadia Lite
The single-family home market in Arcadia Lite has revealed varying dynamics in recent months, crucial for both buyers and sellers to understand as they navigate the current landscape.
Starting with days on market (DOM), a notable increase has been observed, climbing from 46 days to the current 85 days over the past three months. This rise in DOM signals a slowdown in transaction speed, which many sellers must consider when strategizing their pricing and marketing efforts.
In terms of months of inventory, the market now reflects 5.6 months, which is a rise from 4.3 months just three months ago. This upward trend paints a picture of a more balanced market where the number of available homes is better matched with buyer demand. Typically, months of inventory hovering between 4 to 6 indicates a stable environment overall, but the shift beyond four months means sellers should be prepared for increased competition.
Looking at sold prices, the average has surged to $1,284,547 over the last 30 days. This marks a change from the $1,341,429 noted three months prior, suggesting a temporary cooling in what buyers are willing to pay as the inventory increases, yet still demonstrating robust interest overall.
The average price per square foot for both active and pending listings yield further insights. Active homes are commanding a price per square foot of $575, while properties under contract are only at $544. This difference between active and pending prices indicates a possible price adjustment as mortgage rates persist in influencing buyer behavior.
Finally, the active listing prices average $1,676,569, offering a clear indication of the pricing strategies currently employed by sellers. Adjusting expectations relative to the average sold price can help sellers position their homes more competitively.
In summary, while the Arcadia Lite market does experience signs of slowing down, it still maintains a healthy level of pricing and buyer interest. Those looking to buy may find more opportunities with increasing inventory and longer DOM, while sellers should remain strategic, ensuring that their pricing reflects the trends shaping their local market dynamics.
My Recent Blog Posts
🏠
Buying and Selling Guides
Summer 2024
EDITIONS
Things To Consider When
Buying a Home
Things To Consider When
Selling a Home