Arcadia is a very unique neighborhood, located in the 85018 Zip Code in Phoenix, AZ. Because much of Arcadia is located in what many consider to be the best school district in Arizona (Scottsdale Unified School District), and offers such amazing dining/shopping opportunities and lush green neighborhoods, this area has become extremely popular for people looking for their next home. Add to that its proximity to Old Town Scottsdale, and you get the perfect combination when looking for your next home. The 85018 Zip Code is commonly referred to as Arcadia, and for the purposes of this report, I have included all real estate activity that has occurred in the past month within 85018.

Subscribe to our blog to get a copy of the Arcadia Homes Monthly Real Estate Report each month. The report is meant to keep you up-to-date on the latest real estate trends in the community.  Please click on the chart below to make it larger.

Before I begin to explain the findings in the above chart, allow me to take a moment to define some of the terms.

Active: Listings that are currently listed as being "Active" in the MLS.

Pending: Listings that are currently under contract. This includes both Short Sales and Traditional (non- distressed) listings.

Closed: These are homes that closed escrow during the month of October/2011.

Traditional: These are listings that are "non-distressed" (i.e., not short sales or bank-owned).

Short Sales: These are listings that are marketed/sold for less than what is owed on their respective mortgages.

Bank-Owned: As the title implies, these are listings that are marketed/sold by the bank/lender that owns them.

Other/Misc.: These are listings that are classified as being owner agent, probate, court approval required, etc.

There are currently 213 Active Listings on the market:

169 Are Traditional Listings

  22 Are Short Sales

  17 Are Bank-Owned

   5 Are Other/Misc.

There are currently 152 Pending Listings:

43 Are Traditional Listings

85 Are Short Sales

16 Are Bank-Owned

  8 Are Other/Misc.

During the month of October/2011, there were 62 Closed Listings:

23 Were Traditional Listings

14 Were Short Sales

18 Were Bank-Owned

  7 Are Other/Misc.

Finally, in the Arcadia Homes Monthly Real Estate Report, we will compare month/month cost per square foot for those homes that closed escrow in October/2011.

The Average Price/Square Foot for homes sold in September/2011 in Arcadia was $115.75 per square foot.

The Average Price/Square Foot for homes sold in October/2011 in Arcadia was $112.57 per square foot.

This represents a 2.82% decrease in price/square foot within the community from September/2011 to October/2011! The fact that 18 of the 62 homes that closed escrow were Bank Owned probably had a lot to do with this.

If you are looking to buy in the Arcadia community, feel free to contact the Arcadia Homes Team directly for a more in-depth analysis of area. We pride ourselves on our long-standing reputation of representing buyers in the Arcadia market, as well as surrounding neighborhoods in the area.

Or, if you are looking for the exclusive Arcadia AZ Homes for Sale search, you've come to the right place. Our Phoenix Real Estate search allows you to set up your own search parameters, and you will receive an email whenever a new listing that matches your needs hits the market. Trust me, you'll love it!

If you currently live in the Arcadia market, and are looking to sell your home, look no further. Call Bob Hertzog today to discuss your options.

As I said at the beginning, I will be posting this information on a monthly basis. If you'd like to keep abreast of the latest happenings, feel free to subscribe to our blog to receive the Arcadia Homes Monthly Real Estate Report.

Arcadia AZ Homes For Sale

[idx-listings linkid="143704" count="10"]