I have been spending some time this morning reviewing the Chandler Arizona Real Estate Market. We currently have several buyers and sellers in the area and I also live here. I have noticed lately that many of the homes in the $100,000 - $150,000 range have multiple offers and the competition for these types of homes is pretty intense. So I did a little digging and pulled a few charts from The Cromford Report. Here is the current market snap shot of Chandler Homes for sale.
If you take a look at the top category "Active Listings" you will see that inventory here in Chandler Arizona has be steadily dropping over the last few quarters. With interest rates as low as they have been and lack of inventory it makes for a competitive environment. Also pending home sales year on year has gone up pretty dramatically so there are just more people buying today than a year ago. Monthly sales price averages and Median sales prices have gone up a little since last quarter but year on year it has gone down quite a bit.
Below is a year on year sales comparison chart.
Per this chart 2011 has been the best sales year in at least the last four years. Since Jan. there has been a steady incline in sales. So overall I think the Chandler Arizona Market is pretty hot. With sales way up and inventory way down it makes for a competitive time to buy here in Chandler.
I also was able to find a great website with all the updated active Chandler Homes for Sale. You can find Chandler Foreclosures, Chandler Gated Community Homes for Sale, Chandler Homes with Private Pools, Chandler Townhouses, Chandler Luxury Homes & Search All Chandler Subdivisions.
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