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Lower Arcadia
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Brian Adamski, Realtor

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Lower Arcadia Market Overview

Highlights

As of February 7, 2025, the single-family home market in Lower Arcadia continues to show mixed trends, showcasing both rising prices and shifts in supply dynamics.
- Active listings have declined to 6, indicating a tightening supply compared to 15 listings three months ago.
- The average sold price has seen a notable increase to $1,143,333 over the past 30 days, reflecting growing buyer demand.
- Lastly, the average Days on Market (DOM) has increased to 66 days, suggesting a slight cooling in the pace of sales.

Info About Lower Arcadia

Phoenix Lower Arcadia Homes for Sale

Lower Arcadia Homes for Sale


If you’re in the market for a new home, Phoenix’s Lower Arcadia is a neighborhood that’s worth considering. Lower Arcadia is in the heart of Phoenix and is known for its charming mid-century homes, mature trees, and central location.

One of the biggest draws of Lower Arcadia over Arcadia is that it has lower priced homes, but about the same or maybe a scooch less, on average, than Arcadia Lite. Nevertheless, it shares the short drive to the multitude of shopping/dining options in nearby Biltmore Fashion Park and Scottsdale Fashion Square, the vibrant nightlife of Tempe, and a short 15-minute drive to Sky Harbor Airport.

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In addition to its central location, it has a lot to offer in terms of local amenities. There are also plenty of parks and recreational areas nearby, including Camelback Mountain and Papago Park. You can also ride your bicycle through the neighborhoods and along the canal.

The neighborhood is home to several top-rated schools, including Hopi Elementary School and Arcadia High School. It also contains a top-notch charter school named Great Hearts Academy. It emphasizes classical education, critical thinking, and character formation. By sending your child to a Great Hearts school, you can expect them to receive a rigorous education that prepares them for success in college and beyond. Great Hearts schools also foster a strong sense of community and provide opportunities for students to develop leadership skills and engage in extracurricular activities.

If you’re looking for a night out on the town, Lower Arcadia has plenty of great dining and entertainment options. The neighborhood is home to several popular restaurants, including The Henry, La Grande Orange, Nook Kitchen Arcadia, Lou Malnati’s (Chicago style pizza), and Postino Wine Cafe. Naturally, Scottsdale is close by, and it is home to a plethora of restaurants and entertainment options.

In summary, Lower Arcadia is a charming neighborhood that’s centrally located and has plenty of amenities to offer. Whether you’re looking for top-rated schools, great dining and entertainment options, or easy access to nearby cities, Lower Arcadia has it all. So, if you’re in the market for a new home, be sure to check out Phoenix’s Lower Arcadia.

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Lower Arcadia Market Report

An In-Depth Look at Lower Arcadia

The single-family home market in Lower Arcadia presents a complex landscape of opportunities and challenges for both buyers and sellers. Over the past 30 days, the total number of active listings has declined significantly from 15 three months ago to just 6 currently. This drop indicates an ongoing tightening in supply, which usually favors sellers. However, a closer examination reveals that while the market may appear to favor sellers due to dwindling inventory, the average sold price has positioned itself at $1,143,333—marking a significant increase from prior months.

Further supporting the notion of heightened buyer activity is the observation that the price per square foot for sold properties stands at $442, reinforcing the growing demand narrative. In contrast, the average Days on Market (DOM) has risen slightly from 65 days to 66 days, a minor uptick but of note as it points to homes not flying off the market as they may have previously. This slight adjustment in DOM could stir caution among potential buyers, indicating the need for more competitive strategies when considering offers.

The market environment can also be interpreted through the lens of months of inventory, which currently sits at 2.8 months. In real estate terms, a figure below 4 months typically indicates a seller's market—a situation where demand exceeds supply, thus buoying prices. However, with the average DOM climbing, there’s an evolving balance suggesting potential shifts toward buyer caution.

When looking at the data from 6 months ago, active listings averaged only 8, showcasing that the current count isn’t far off historical norms. Moreover, the average price per square foot for active listings was approximately $518, which coupled with the current sold price trends suggests that buyers are increasingly willing to meet listed prices, albeit with a careful eye on the market's dynamics.

Overall, Lower Arcadia's single-family home market presents a unique backdrop where rising prices may contrast with increasing days on market and declining active listings. Buyers are encouraged to act quickly but remain astute about growing market dynamics that may influence their purchase decisions. Sellers can benefit from the reduced inventory but should be wary of the slight slowdown in sales tempo.

Brian saved me thousands of dollars by providing guidance throughout purchase price negotiations
Sharon Slater, Buyer
Brian Adamski review from google

Brian Adamski, Realtor

Local Elite (Top 3%) in Arizona
Guaranteed, professional real estate guidance

Brian Adamski, Realtor
480-405-1265

Brian has an amazing amount of knowledge for the market and the profession.
Christina Bruns, Seller
Brian Adamski review from google

 

Brian Adamski, Realtor

Local Elite (Top 3%) in Arizona
Guaranteed, professional real estate guidance

Brian Adamski, Realtor
480-405-1265

Brian saved me thousands of dollars by providing guidance throughout purchase price negotiations
Sharon Slater, Buyer
Brian Adamski review from google

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