Arcadia Market Overview
Highlights
As of April 14, 2025, the single-family home market in Arcadia exhibits varied trends impacting both buyers and sellers.
- Active listings have notably increased to 58 over the past month, up from 28 three months ago, reflecting stronger supply dynamics.
- Months of inventory currently stand at 7.9, which indicates a shift towards a more balanced market.
- On the price front, sold prices have decreased significantly within the last three months, creating potential opportunities for buyers looking for better deals.
Info About 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 Greater Phoenix 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 Greater Phoenix 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 Greater Phoenix. 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).
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
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.
Arcadia Homes for Sale
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Arcadia Market Report
An In-Depth Look at Arcadia
As we dive deeper into the single-family home market in Arcadia as of April 14, 2025, several key trends emerge that provide insight into current market dynamics.
Active Listings: In the last month, there has been a substantial rise in active listings, climbing to 58, up from just 28 three months prior. This represents a significant increase in available inventory and suggests that buyers now have more options to consider. It's worth noting that active listings typically ebb and flow with demand; thus, this increase may reflect a cooling in the market's rapid turnover.
Months of Inventory: The current months of inventory stands at 7.9, which is a marked increase compared to the 3.0 months recorded three months ago. This indicates that homes are remaining on the market for longer periods before being sold, which can suggest a shift towards a more balanced market environment where supply is beginning to catch up with demand.
Sold Prices: Recent sold prices show a downward trend, with current sales averaging $2,938,500, down from $5,371,500 just three months ago. This decrease of approximately 45% may signal that the market is adjusting to the recent influx of inventory and potentially a response to economic factors that give buyers more negotiating power.
Days on Market (DOM): Seller responsiveness is reflected in the average DOM, which now sits at 59 days. This is a decrease from 87 days three months ago, indicating that although there is more inventory, homes are selling faster than before, which may suggest an initial buyer interest despite declining price points.
Overall, the Arcadia single-family home market appears to be evolving, characterized by increasing inventory levels that are providing buyers with a richer selection. Prospective buyers might find enhanced negotiating leverage as sold prices adjust downwards in response to greater market supply. Conversely, sellers may need to recalibrate their expectations as average prices have softened, necessitating strategic pricing and marketing to attract buyer attention in a more competitive landscape.
Brian Adamski, Realtor
Arizona’s Elite: Top 3% Realtor
Professional 5-Star Service
480-405-1265
Brian Adamski, Realtor
Arizona’s Elite: Top 3% Realtor
Professional 5-Star Service
480-405-1265