Arcadia Prices

ZIP codes 85251 and 85018 are doing better than most towards regaining the price level of the peak during the bubble. If we focus exclusively on Arcadia, which straddles both these ZIP codes, then the situation is even more positive. Mind you, we are talking here of the real Arcadia, not the much larger region that some sellers like to call Arcadia these days. No homes south of the canal for us.

Here is the annual average $/SF chart for Arcadia single family homes:

Not only has Arcadia comfortably exceeded the annual average peak of $335 that it hit in February 2008 (much later than most parts of the valley), it has stormed through to $377, thanks to strong sales of homes over $2 million.

We used to see a few single family homes selling for less than $500,000 in Arcadia, but there were none at all in the last 3 months. This is the first time we have seen that happen.