It’s been a while since we looked at the real estate market of Arden Arcade. The last time we checked in was October 2009 and the average price per square foot has remained the same since then while sales are building up.

61 homes sold this month in the area, of which 13 were foreclosures (an overall drop in sales of 72.3% year over year), 18 were short sales (an increase of 157.1% for the same period) and 30 were non-distressed sales (another increase in sales of 36.4% for the same period.) Overall unit volume however fell by 19.7% year over year.

Average sold price per square foot is now $160.31 which is the same as the last time we checked in but is 11% higher than last January. Interestingly, homebuyers also bought homes on average 6.2% bigger than a year ago. Average sales price currently rests at a high of $252,769 up from $214,451 a year ago. That’s an increase of 17.9% year over year. Median sales price is $185,000.

Inventory is at 5.3 months based on the last year of sales and 5.4 months based on the last six months of sales.

Comments are closed.