Arcadia Lite Condos Market Overview
Arcadia Lite Condos Market Highlights
As of May 5, 2025, the condo/townhome/patio home market in Arcadia Lite reflects notable trends amidst varying market conditions.
- Currently, the number of active listings has increased to 50 over the past month, a rise from 40 three months ago.
- Simultaneously, the average sold price has climbed to $413,857, up from $382,179 just three months prior.
- Days on market (DOM) for sold properties have decreased to 48 days, down from 69 days, illustrating a faster selling pace.
- The months of inventory now sit at 4.7, suggesting a balanced market.
Curious how the Arcadia Lite Condos market has changed over time?
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Arcadia Lite Condos Market Report
An In-Depth Look at the Arcadia Lite Condos Market
The condo/townhome/patio home market in Arcadia Lite, as of May 5, 2025, is revealing pivotal shifts that can influence buyer and seller strategies alike. Over the past month, active listings have surged to 50, indicating a growing supply in the market compared to 40 just three months ago and 35 listings six months ago. This increase in the number of options provides potential buyers with more choices.
Despite the rise in active listings, the average sold price has experienced a significant uptick to $413,857, marking an increase from $382,179 in February. This upward trend suggests that buyer demand remains strong, even as inventory levels increase. Interestingly, the price per square foot for these sold properties has also seen improvement, currently averaging $374 per square foot, compared to $331 three months ago, suggesting that the market is sustained by healthy demand despite a rise in listings.
Days on Market (DOM) have improved substantially, dropping to 48 days from 69 days three months ago. This decline indicates that properties are selling more quickly, reflecting an active market environment. Additionally, the months of inventory currently stands at 4.7, down from 5.2 months three months prior. This figure hints at a balanced market, as inventory levels are within the range that typically favors neither buyers nor sellers.
These trends suggest that sellers might benefit from pricing their properties competitively in this active landscape, while buyers should take advantage of the increased inventory to find suitable options. Engaging early can also be crucial, considering the brisk sales pace evidenced by the lower DOM.
Ultimately, these developments reinforce the dynamic nature of the Arcadia Lite real estate market, where both buyers and sellers need to navigate carefully to optimize their positions amidst evolving conditions.
Brian Adamski, Realtor
Guiding Home Buyers in Arcadia Lite for 18+ Years | Honest. Trustworthy. Integrity.
480-405-1265
