Some advantages of purchasing real estate in Arcadia, California include:

1. Strong Economy: Arcadia has a strong and diverse economy with low unemployment, which is a good indicator of a stable housing market.

2. Great location: Being located in the Los Angeles area, Arcadia is a highly desirable location with easy access to major freeways, airports and employment opportunities.

3. Good Schools: The city has highly rated public and private schools, which is highly desirable for families with children.

4. Good climate: Arcadia enjoys a good climate, with mild winters and warm summers.

Some disadvantages of purchasing real estate in Arcadia, California include:

1. High Cost of Living: Real estate prices and cost of living is high compared to other areas, which can make it difficult for some buyers to afford.

2. High Property Taxes: Arcadia has relatively high property taxes, which can add to the overall cost of owning real estate.

3. Traffic Congestion: Being in Los Angeles, traffic congestion can be an issue, which can lead to longer commute times.

It is important to keep both the advantages and the disadvantages in mind when considering purchasing real estate in Arcadia.