The Arcadia Housing Report Presented by The Hankerson Team
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Over $257 Million in Sales for January - June Break down of Home Sales by area How interest rates effect purchasing power Grilling tips Luxury Condo sales update Staying Cool in The Rim Country
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The housing market for Arcadia and zip code 85018 were very strong for the first half of 2016. There were 315 sales for Single Family Detached homes for a total of $235,705, 618 and there were 111 sales for condos, patio homes, and town homes for a total of $21,334,450. Here is the graph for single family detached homes broken down by month for zip code 85018.
Here is a chart for Single Family Detached homes in seven areas within 85018 and Arcadia.
Wanting to dive a little deeper into the Arcadia Housing Market, we divided it into seven areas: Arcadia Proper, Camelback Corridor, Palm Canyon / Lincoln Hills, Arcadia Lite, Lower Arcadia, Ingleside and Southwestern. One reason prices continue to increase in Arcadia is many of the older homes that are sold are immediately remodeled. Another reason prices continue to increase is the quality of the remodeling job. In many cases is much higher than other parts of Phoenix. Remodelers are using quality finishes and not taking short cuts often associated with flipping homes. There are also a number luxury new homes being built in this area. Here is a map we created using google maps that shows the approximate boundaries of the areas we gathered the statistics for. The citrus orchards that were originally marketed as Arcadia and are known today as Arcadia Proper is in two zip codes 85018 and 85251 so the data we gathered might not match other statistics you see, but we feel it more accurately represents the housing market for the area.
The citrus orchards known today as Arcadia Proper in zip codes 85018 and 85251 had 76 sales for Single Family Detached homes in January - June 2016 for a total of $127,444,847. 3 homes sold for less than $700K and 2 homes sold for more than $4 million. The rest of the sales were pretty evenly balanced between $700K and $4 million. 18 sales $700K - $1 million, 19 sales $1 - $1.4 million, 18 sales $1.4 - $2 million, and 16 sales $2 -$4 million. Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 66 homes for sale from $698,000 to $4.2 million.
There were 89 sales of Single Family Detached Homes in Arcadia Lite making it the most active area in Arcadia. Prices ranged from $257,500 to $1.6 million for a total of $51,140,980 from January - June 2016. 26 homes sold for less than $400K, 34 homes sold for $400K - $600K, 15 homes sold for $600K - $800K, 7 homes sold for $800K to $999K, and 7 homes sold for $1 million or more which is fantastic. Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 49 homes for sale from $323,000 to $1,295,000.
There were 44 sales of Single Family Detached Homes in the Camelback Corridor of 85018. Prices ranged from $400,000 to $2.6 million for a total of $46,980,889 from January - June 2016. 4 homes sold for $400K - $600K, 14 homes sold for $600K - $800K, 10 homes sold for $800K - $1 million, 13 homes sold for $1 - $2 million, and 3 homes sold for more than $2 million. Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 56 homes for sale from $507,500 to $6,450,000.
There were 53 sales of Single Family Detached Homes in Lower Arcadia. Prices ranged from $250,000 to $925,000 for a total of $26,400,400 from January - June 2016. 17 homes for $200K - $400K, 23 homes sold for $400K - $600K, 12 homes sold for $600K - $800K, 1 home sold for $800K - $1 million. Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 36 homes for sale from $349,000 to $1,195,000.
There were 5 sales of Single Family Detached Homes in the Ingleside area. Prices ranged from $325,000 to $825,000 for a total of $2,838,000 from January - June 2016. 1 home sold for $200K - $400K, 3 homes sold for $400K - $600K, 1 home sold for $800K - $1 million. Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 8 homes for sale from $895,000 to $2,495,000.
One of the most afordable parts of the Arcadia 85018 is the Southwestern section. It is also seeing excellent appreciation. Up 5.77% from the same period in 2015 and up 17.66% from the same period in 2014. High quality remodeling and new gated subdivisions like the prestigous Osborn Circle are one of the reasons this area is seeing such high appreciation. 69 Single Family Detached homes sold ranging from $155,000 to $767,000 for a total of $28,057,149 from January - June 2016. Two homes sold for less than $200K, 38 homes sold for $200K - $400K, 20 homes sold for $400K - $600K, and 9 homes sold for $600K - $800K. Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 69 homes for sale from $150,000 to $849,000.
North of Lincoln, backing up to the Phoenix Mountain Preserve, and next door to the Town of Paradise Valley are 85018’s Lincoln Hills and Palm Canyon. These homes are known for their mountain views, city light views, and short drive times to 24th & Camelback, 44th & Camelback, Sky Harbor Airport, and Downtown Phoenix. From January - June 2016 3 homes sold in Lincoln Hills and none in Palm Canyon ranging in price from $930,000 to $1,325,000. At the time we published this there were 6 homes for sale in Palm Canyon and 2 homes for sale in Lincoln Hills ranging in price from $869,000 to $3.6 million. If your looking for a great location to purchase an older home with amazing views and do an extensive contemporary remodel you should look at this area.
Grilling tips from David Marine at CB
Helping people with real estate is how I earn a living. My family is why I work so hard.
Important: Salt and pepper are the building blocks of seasoning regardless of what you throw on the grill. Salt and pepper each side of your beef, pork or poultry before putting on the grill. Salt again when you turn them over. It helps bring out the natural flavors as well as add seasoning. How to Grill Steaks ->With steaks up to 1 inch thick grill for 3 minutes on each side at high heat for medium rare cook. ->With steaks over 1 inch thick grill for 5 minutes on each side at high heat for medium rare cook and rotate steaks clockwise after 2 minutes before flipping to get criss-cross grill marks. Tip: Position steak across grill grates at a 45 degree angle to get a nice grill mark and when you take them off the grill, let the steaks rest for a few minutes before digging in to allow the juices that bubbled up to the top to settle back into the steak.
Father’s Day 2016
How do interest rates affect purchasing power?
The illustrations above shows a 1% increase in the interest rate would give buyers $62,951 less purchasing power and a $291.95 higher monthly payment on a $500,000 home. (For Illustration purposes only. Please contact a mortgage professional for current rates and how changes will affect you.)
Arcadia & 85018 Sales in Arcadia and the rest of 85018 continue to be strong. Since Arcadia Proper is in both 85018 and 85251 the totals for the second graph are higher than 85018 alone. Prices in Arcadia Proper continue to be higher than parts of Paradise Valley. Some of the reasons for the popularity of 85018 are: • Excellent Schools • Central Location • Great local restaurants, shops, & nightlife • Abundant trees, citrus, and green grass • Luxury new builds • Very high quality remodels
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The citrus orchards known today as Arcadia Proper in zip codes 85018 and 85251 had 76 sales for Single Family Detached homes in January - June 2016 for a total of $127,444,847. • 3 homes sold for less than $700K - Yellow • 18 sales $700K - $1 million - Green • 19 sales $1 - $1.4 million - Red • 18 sales $1.4 - $2 million - Maroon • 16 sales $2 -$4 million - Blue • 2 homes sold for more than $4 million - Purple At the time we published this there were 66 homes for sale from $698,000 to $4.2 million.
Please visit our web site for more info on Arcadia and Live MLS home searches. www.HankersonTeam.com - Our site is better than Zillow Because Zillow does not have live data!
Here are some more stats for Arcadia Proper in the first half of 2016 for Single Family Detached homes: • • • • • •
The lowest price home sold for $420,000 The highest price home sold for $7.2 million The smallest size home was 2,041 SQFT The largest size home was 9,221 SQFT The lowest price per foot was $173.03 The highest price per foot was $1,002.65
Here are the Average stats: • The Average sale price was $1,676,906 • The Average size home was 4282 SQFT • The Average price per foot was $374.72
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There were 89 sales of Single Family Detached Homes in Arcadia Lite making it the most active area in Arcadia. Prices ranged from $257,500 to $1.6 million for a total of $51,140,980 from January - June 2016. • 26 homes sold for less than $400K - Light Yellow • 34 homes sold for $400K - $600K - Darker Yellow • 15 homes sold for $600K - $800K - Light Green • 7 homes sold for $800K to $999K - Darker Green • 7 homes sold for $1 million or more - Red Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 49 homes for sale from $323,000 to $1,295,000.
Please visit our web site for more info on Arcadia and Live MLS home searches. www.HankersonTeam.com - Our site is better than Zillow Because Zillow does not have live data!
Here are some more stats for Arcadia Lite in the first half of 2016 for Single Family Detached homes: • • • • • •
The lowest price home sold for $257,500 The highest price home sold for $1.6 million The smallest size home was 960 SQFT The largest size home was 5,874 SQFT The lowest price per foot was $160.19 The highest price per foot was $397.32
Here are the Average stats: • The Average sale price was $574,618 • The Average size home was 2,268 SQFT • The Average price per foot was $252.44
602.770.7205
There were 44 sales of Single Family Detached Homes in the Camelback Corridor of 85018. Prices ranged from $400,000 to $2.6 million for a total of $46,980,889 from January - June 2016. • • • • • •
4 homes sold for $400K - $600K - Yellow 14 homes sold for $600K - $800K - Light Green 10 homes sold for $800K - $1 million - Dark Green 13 homes sold for $1 - $2 million - Red 3 homes sold for more than $2 million - Blue Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 56 homes for sale from $507,500 to $6,450,000.
Please visit our web site for more info on Arcadia and Live MLS home searches. www.HankersonTeam.com - Our site is better than Zillow Because Zillow does not have live data!
Here are some more stats for Camelback Corridor in the first half of 2016 for Single Family Detached homes: • • • • • •
The lowest price home sold for $400,000 The highest price home sold for $2.6 million The smallest size home was 1,176 SQFT The largest size home was 7,500 SQFT The lowest price per foot was $162.30 The highest price per foot was $567.49
Here are the Average stats: • The Average sale price was $1,041,177 • The Average size home was 3,319 SQFT • The Average price per foot was $314.82
602.770.7205
There were 53 sales of Single Family Detached Homes in Lower Arcadia. Prices ranged from $250,000 to $925,000 for a total of $26,400,400 from January - June 2016. • • • •
17 homes for $200K - $400K - Lite Yellow 23 homes sold for $400K - $600K - Darker Yellow 12 homes sold for $600K - $800K - Light Green 1 home sold for $800K - $1 million - Darker Green
Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 36 homes for sale from $349,000 to $1,195,000.
Please visit our web site for more info on Arcadia and Live MLS home searches. www.HankersonTeam.com - Our site is better than Zillow Because Zillow does not have live data!
Here are some more stats for Lower Arcadia in the first half of 2016 for Single Family Detached homes: • • • • • •
The lowest price home sold for $250,000 The highest price home sold for $925,000 The smallest size home was 1,329 SQFT The largest size home was 3,572 SQFT The lowest price per foot was $124.79 The highest price per foot was $295.47
Here are the Average stats: • The Average sale price was $498,121 • The Average size home was 2,215 SQFT • The Average price per foot was $224.45
602.770.7205
There were 5 sales of Single Family Detached Homes in the Ingleside area. Prices ranged from $325,000 to $825,000 for a total of $2,838,000 from January - June 2016. • 1 home sold for $200K - $400K - Yellow • 3 homes sold for $400K - $600K - Darker Yellow • 1 home sold for $800K - $1 million - Dark Green Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 8 homes for sale from $895,000 to $2,495,000.
Please visit our web site for more info on Arcadia and Live MLS home searches. www.HankersonTeam.com - Our site is better than Zillow Because Zillow does not have live data!
Here are some more stats for Ingleside area in the first half of 2016 for Single Family Detached homes: • • • • • •
The lowest price home sold for $325,000 The highest price home sold for $825,000 The smallest size home was 1,818 SQFT The largest size home was 3,248 SQFT The lowest price per foot was $178.77 The highest price per foot was $258.88
Here are the Average stats: • The Average sale price was $567,600 • The Average size home was 2,539 SQFT • The Average price per foot was $265.99
602.770.7205
One of the most afordable parts of the Arcadia 85018 is the Southwestern section. It is also seeing excellent appreciation. Up 5.77% from the same period in 2015 and up 17.66% from the same period in 2014. High quality remodeling and new gated subdivisions like the prestigous Osborn Circle are one of the reasons this area is seeing such high appreciation. 69 Single Family Detached homes sold ranging from $155,000 to $767,000 for a total of $28,057,149 from January - June 2016. • 2 homes sold for less than $200K - Light Yellow • 38 homes sold for $200K - $400K - Yellow • 20 homes sold for $400K - $600K - Dark Yellow • 9 homes sold for $600K - $800K - Light Green Below is a map that shows the approximate location of the sales and prices. At the time we published this there were 69 homes for sale from $150,000 to $849,000.
Please visit our web site for more info on Arcadia and Live MLS home searches. www.HankersonTeam.com - Our site is better than Zillow Because Zillow does not have live data!
Here are some stats for Southwestern Arcadia in the first half of 2016 for Single Family Detached homes: • • • • • •
The lowest price home sold for $155,000 The highest price home sold for $767,000 The smallest size home was 910 SQFT The largest size home was 3,210 SQFT The lowest price per foot was $104.80 The highest price per foot was $297.60
Here are the Average stats: • The Average sale price was $406,625 • The Average size home was 1,922 SQFT • The Average price per foot was $211.32
602.770.7205
North of Lincoln, backing up to the Phoenix Mountain Preserve, and next door to the Town of Paradise Valley are 85018’s Lincoln Hills and Palm Canyon. These homes are known for their mountain views, city light views, and short drive times to 24th & Camelback, 44th & Camelback, Sky Harbor Airport, and Downtown Phoenix. From January - June 2016 3 homes sold in Lincoln Hills and none in Palm Canyon ranging in price from $930,000 to $1,325,000. • 1 home sold for $800K - $1 million - Dark Green • 2 homes sold for more than $1 million - Red At the time we published this there were 6 homes for sale in Palm Canyon and 2 homes for sale in Lincoln Hills ranging in price from $869,000 to $3.6 million. If your looking for a great location to purchase an older home with amazing views and do an extensive contemporary remodel you should look at this area.
Please visit our web site for more info on Arcadia and Live MLS home searches. www.HankersonTeam.com - Our site is better than Zillow Because Zillow does not have live data!
Here are some stats for Lincoln Hills Plam Canyon for the first half 2016 for Single Family Detached homes: • • • • • •
The lowest price home sold for $930,000 The highest price home sold for $1.3 million The smallest size home was 2,687 SQFT The largest size home was 3,784 SQFT The lowest price per foot was $317.12 The highest price per foot was $375.89
Here are the Average stats: • The Average sale price was $1,151,667 • The Average size home was 3,332 SQFT • The Average price per foot was $346.37
602.770.7205
Wanting to dive a little deeper into the Arcadia Housing Market, we divided it into seven areas: Arcadia Proper, Camelback Corridor, Palm Canyon / Lincoln Hills, Arcadia Lite, Lower Arcadia, Ingleside and Southwestern Arcadia. One reason prices continue to increase in Arcadia is many of the older homes that are sold are immediately remodeled. Another reason prices continue to increase is the quality of the remodeling job. In many cases the quality of the remodeling is much higher than other parts of Phoenix. Remodelers are using quality finishes and not taking short cuts often associated with flipping homes. There are also a number luxury new homes being built in this area. Here is a map we created using google maps that shows the approximate boundaries of the areas we gathered the statistics for. The citrus orchards that were originally marketed as Arcadia and are known today as Arcadia Proper is in two zip codes 85018 and 85251 so the data we gathered might not match other statistics you see, but we feel it more accurately represents the housing market for the area.
Created using google maps, showing the approximate boundaries of the areas we gathered the statistics for. This is for informational purposes only. All information should be verified by the recipient and none is guaranteed as accurate.