Chandler AZ Housing Market Trends March 2015 Market Update and Statistics

Median Sold Price (Single Family Homes) in Chandler AZ (by zipcode)
March 2014 – March 2015

Chandler AZ March 2015 Real Estate Housing Market Trends Highlight:

• Active Listing (Inventory) has Increased 28.5% from February 2015
• Number of Homes sold has Increased 41.9% from February 2015
• Median Sold Price Increased 2.0% from February 2015
• Average Sold Price has Increased 8.4% from February 2015
• 90% of Single Family Homes sold are Traditional Sale
• Most Expensive House Sold in Chandler AZ March 2015, sold at $1,850,000 in Oakwood Hills. click here to view
• Observation: Leading towards Buyer Market
  • Buyer has more negotiation power to buy
  • Seller has to price competitively to sell

Chandler Real Estate Housing Market Trends
March 2015 Market Update & Statistics

* Active Listing as 4/1/15
** Price/SQFT as 4/15/15
source armls. Information is deemed to be reliable, but is not guaranteed

Here are Chandler AZ Real Estate – Single Family Detached Home statistics for March 2015. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Chandler AZ provided by the FlexMLS system.

Closed Sales Report Analysis:
Sellers:
We saw a 41.9% increase in the number of closed sales in March 2015 compared to the prior month. The statistics show that we had 366 residential Single Family Detached Homes sold in March 2015 in Chandler AZ compared to 258 in February 2015. This compares to 320 closed sales in March of last year. In today’s market sellers need to continue to be diligent in pricing and staging their homes, as we are no longer in a seller’s market. We are now more on Buyer’s Market.

Buyers:
In our shifted market, buyers are continuing to buy – Buyers want to take advantage of this amazing market due to low interest rates, several available financing options available, increased inventory, and more traditional sales from which to choose, where 90% of homes sold in Chandler AZ in March 2015 are traditional sale. The Buyer’s Market that we are in now means Buyer has more negotiation in price and Seller’s concession.

Average Sold Price Analysis:
Sellers:
March 2015 Average Sold Price for Single Family Detached Homes in Chandler AZ is $307,586. This Average Sold Price has increased 8.4% from February 2015. This is because Chandler AZ most expensive home sold in March 2015 was sold at $1,850,000 compare to $860,000 in February 2015. It is important for Seller and Buyer to refer to Median Sold Price instead of Average Sold Price. If there are multiples millions homes sold in particular months, the Average Sold Price will be high.

Buyers:
This statistic is an indicator that buyers pay more for homes than they have in the past 12 months, as March 2014 average sold price was $279,597. Educated and savvy buyers understand that a competitive market gives them fewer options for home choices – even when inventory increases. Although this may vary from zipcode to zipcode and from price range to price range, buyers need to make sure they are fully informed regarding the specific market in which they have an interest. This will give them the best chance of being competitive when making an offer.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Selling your home in Chandler AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Chandler AZ House Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

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If you are looking to buy or sell your home in Chandler AZ area, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.