Walt Danley Christie ’ s international Real Estate Market Data Report Arcadia

January, 2023

The number of active listings in Arcadia was unchanged at 42 at both the start and end of December, but this is up 91% compared to January 1, 2022. However, supply remains low by long-term standards. Closed sales came in at 6, well down from 25 in December 2021 and the lowest total for December since 2009. Although the sample size of closed sales is low, there were few signs of price weakness in Arcadia, during December and the twelve-month average has grown 25% from $561 to $703 over the last 12 months. The six-month moving average rose 21% from $606 to $734, while the more volatile three-month moving average increased 21% from $591 to $715.

Information is power and the real estate professionals of Walt Danley Christie’s International Real Estate are committed to providing our clientele with the most up-to-date market intelligence available. The information contained in this report has been compiled from the Arizona Regional Multiple Listing Service and various public records. This data is then scrubbed and analyzed in conjunction with The Cromford Report exclusively for the use of Walt Danley Realty and our clients.

Arcadia - January 2023

Average Price per Square Foot for Closed Transactions the Last 17 Years

Number of Listings by Status for the Last Two Years

This graph shows the number of homes that were active in the area as of the 15th of the previous month. It also shows the number of offers that were accepted and the number of transactions that were closed within the entire month.

Sales Price as a Percentage of Original List Price Average Price

This graph illustrates the importance of pricing your home properly from the beginning. The longer the property sits on the market, the steeper the discount.

The average list price of Active listings is measured the 15th of each month. Note: The “Under Contract” price is the list price, not the contract price. The contract price is not revealed until the transaction closes.

Paradise Valley Office: 480.991.2050

Scottsdale Office: 480.909.4577

WaltDanley.com