Chandler AZ Housing Market Report March 2016

Swee Ng

8 years ago

2016 March Chandler AZ Real Estate Market Highlight:

Chandler AZ Active listing (Inventory) had Increased 6.1% from February 2016
2016 March Average Sold Price for Single Family Home in Chandler was $313,337, that was 4.0% Decreased from February
Median Sold Price in March was $268,000 and had Decreased 6.0% from February 2016
97% of Single Family Detached Homes sold in March 2016 are Traditional Sale
2016 March Most expensive home sold in Chandler AZ was sold for $2,834,000 Click here to view

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Here are Chandler AZ Real Estate Single Family Detached Home statistics for March 2016. 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.

2016 March Chandler AZ Closed Sales Report Analysis
In March 2016, we saw a 41.4% increased in the number of Single Family Homes Sold compared to the prior month. The statistics show that we only had 403 residential Single Family Detached Homes sold in March 2016 in Chandler AZ compared to 285 in February 2016. This compares to 366 closed sales in March of 2015.

We also saw decrease of 11.4% in Day on Market (DOM) from February. It average took 70 days to get a home sold in Chandler AZ in March 2016.

March 2016 Chandler AZ Average Sold Price Analysis
March 2016 Average Sold Price for Single Family Detached Homes Sold in Chandler AZ was $313,337. This Average Sold Price had decreased 4.0% from February 2016. Compare to a year ago at $307,586, it had appreciated 1.8% from a year ago.

The average sold price per sq/ft in Chandler March 2016 was $147 per sq/ft. This compare to $145 per sq/ft in February and $133 per sq/ft in March 2015.

March 2016 Chandler Average Sold Price was $313,337. Click here to View Chandler Real Estate Listing & Homes Under $300,000 for Sale in Chandler AZ Chandler AZ 2016 March Median Sold Price Analysis
Median Sold Price in March 2016 for Single Family Detached Homes in Chandler AZ was $268,000, compare to to $285,000 in February. That’s about 6.0% decreased from prior month. Compare to a year ago, March 2015 Median Sold Price in Chandler was $259,000, that was about 5.4% appreciation.

Based on the numbers from the statistic, buyer is paying more to buy a home from a year ago.

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 Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at todays market.

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Swee Ng, Realtor in Phoenix East Valley specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Chandler AZ, I would the the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation.