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The Arcadia housing market is moderately competitive. On average, homes in Arcadia receive 9 offers and sell within approximately 37 days. Last month, the median sale price of a home in Arcadia reached $1.7 million, reflecting a 9.9% increase from the previous year. However, the median price per square foot is $686, marking a 1.4% decline compared to last year.
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For further questions or to schedule a showing, don’t hesitate to contact Gordon. His expertise in Arcadia’s luxury market ensures you’ll have guidance through each step of your buying journey.
Location is fundamental in real estate, especially for luxury properties. In Arcadia, focus on established neighborhoods with strong property values and amenities suited to your lifestyle. Consider proximity to schools, shopping, entertainment, and community feel. Additionally, ask about neighborhood flood zones, drainage, and the area’s susceptibility to natural hazards. Gordon can provide neighborhood insights and help you select a location that fits both your lifestyle and long-term investment goals.
Walking the property’s actual boundary lines is essential, as boundaries can shift over time. Compare the physical layout with the deed records to ensure there’s no encroachment or misunderstanding about what belongs to you. This can save you from potential disputes or costly corrections. Contact Gordon if you’d like to verify boundaries on a property of interest or need assistance with documentation.
Budgeting is key when purchasing a luxury home. Experts suggest setting aside a 10-15% buffer on top of your target price to cover unexpected expenses. This allows you to preserve your desired finishes, layouts, and upgrades without sacrificing essentials if unforeseen costs arise. Gordon can assist with budget guidance based on your preferences and help you estimate costs effectively within the luxury market of Arcadia.
A detailed inspection is crucial for any home, especially luxury properties, where repairs can be costly. Inspections should cover all structural elements, foundation, roofing, plumbing, HVAC systems, and sewer lines. If the home has older windows, inquire about replacement costs, as these are often expensive upgrades. Additionally, a second inspection or sewer line camera inspection may be wise, especially for older homes. Gordon can recommend trusted inspectors and facilitate a comprehensive inspection process to help you make a fully informed decision.
Luxury homes often feature expansive yards, making drainage critical. Ensure that water flows away from the house to prevent moisture issues in basements or foundations. This is especially important in Arcadia, where heavy rains can impact poorly designed drainage systems. Look for mature trees, as they can be both an asset and a liability if they require removal. Gordon can help you evaluate a property’s landscape and drainage, ensuring you have peace of mind about the property’s condition.
Maintenance costs should be considered carefully, as luxury properties require upkeep to retain their value. From regular inspections to specific appliances and finishes, understanding the lifecycle of key elements like roofs, HVAC systems, and high-end appliances can help you plan financially. Gordon can provide a realistic assessment of a home’s ongoing maintenance needs and recommend reliable service providers in Arcadia.
The age of a home affects its structural integrity, insulation, and adherence to current building codes. Older luxury homes may require more maintenance but can offer unique architectural value. Look for quality foundations, solid structure, and high-end finishes as signs of a well-built luxury home. Gordon can help you assess the age and quality of any property to ensure it meets both your aesthetic and practical needs.
Thinking about buying a luxury home in Arcadia? Whether you have specific questions, need guidance on inspections, or want expert insights on finding the perfect property, Gordon is here to help. With unmatched knowledge of Arcadia’s luxury market, Gordon can walk you through each detail, from property selection to closing. Reach out today to get started or to schedule a private showing of Arcadia’s finest homes!
Discover everything Arcadia has to offer by exploring our comprehensive neighborhood guide. Whether you're looking for top schools, local amenities, or insights into the housing market, our guide provides all the details you need to make informed decisions. Start browsing now and get a closer look at what makes Arcadia such a desirable place to live!
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