Chandler AZ Housing Market Trends October 2015

Swee Ng

9 years ago

October 2015 Chandler AZ Real Estate Market Highlight:

Chandler AZ Active listing (Inventory) had Increased 2.4% from September 2015
Chandler AZ October 2015 Average Sold Price was $290,244 and had Decreased 4.2% from September 2015
October 2015 Median Sold Price was $259,000 and had Decreased 1.1% from September 2015
95% of Single Family Detached Homes sold in October 2015 are Traditional Sale
Most expensive home sold in October 2015 in Chandler AZ was sold for $1,250,000 Click here to view

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

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Chandler AZ October 2015 Closed Sales Report Analysis
We saw a 18.2% decrease in the number of closed sales in October 2015 compared to the prior month. The statistics show that we had 293 residential Single Family Detached Homes sold in October 2015 in Chandler AZ compared to 358 in September 2015. This compares to 284 closed sales in October of 2014. We also saw 7.6% decrease in Day on Market (DOM) from September 2015. It average took 61 days to get a home sold in Chandler AZ in October 2015.

Chandler AZ October 2015 Average Sold Price Analysis
October 2015 Average Sold Price for Single Family Detached Homes Sold in Chandler AZ was $290,244. This Average Sold Price has decreased 4.2% from September 2015. This is because the most expensive home sold in October 2015 was $1,250,000 compare to 1,075,000 in September 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 increased.

Chandler AZ October 2015 Median Sold Price Analysis
October 2015 Median Sold Price for Single Family Detached Homes in Chandler AZ was $259,000, compare to to $262,000 in September 2015. Based on the number of homes sold and median sold price, we can see that the housing market in Chandler AZ are stable.

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 todays market.

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Chandler AZ Real Estate Deals:
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Swee Ng, Realtor 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, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.