Sun Feb 23 2020
This week the median list price for Arcadia, CA is $2,436,500 with the market action index hovering around 28. This is less than last month's market action index of 30. Inventory has held steady at or around 136.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Buyer's Advantage
|Median List Price||$2,436,500|
|Per Square Foot||$624|
|Days on Market||213|
|Slight Buyer's Advantage|
Prices are climbing and we’re nearing the market’s all time high. A persistent drop of the Market Action Index into the Buyer’s zone will be a leading indicator of the price strength subsiding.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$5,285,000||8,176||0.5 - 1 acre||6||8||5||0||0||290|
|$2,939,500||4,563||0.25 - 0.5 acre||5||5||14||1||0||275|
|$1,919,500||3,265||0.25 - 0.5 acre||4||4||21||2||3||151|
|$1,199,500||1,988||8,000 - 10,000 sqft||3||2||65||4||1||132|