Chandler Real Estate Stats
Updated April '11


I take a special interest in what is happening with Chandler real estate market trends because that's where I live!

 

For more than a year now certain "professional economists" have been saying that the housing market is poised for a second crash. Meanwhile over the past year and a half I have been saying that we are either very close to hitting bottom or even bouncing off of the bottom.

 

Most people only look at how much houses are selling for - which is truly important! Chandler Arizona real estate prices over the last year or so leveled off (even rose a bit) and then started to drop again. Make up your own mind, but I'm sticking to my guns and saying that we are bouncing around the bottom of a bell shaped curve.

 

But there is something else important to note about these prices too:

 

The difference between the list price and the price that houses actually sell for has been at times extreme. Some of this disparity with Chandler Arizona real estate list price vs. sold price can be blamed on short sales where banks agree to sell a home below market value. This in turn drives down market value. And it seemed to sort of snowball on us! I think it is a very good sign that this disparity has steadily (and drastically) decreased over the last year or so!

 

 

 



Another important factor in looking at the Chandler Arizona real estate market is how long it is taking homes to sell. Realtor types like me refer to this as days on market or DOM. The lower the DOM, the better life is for sellers...


 

 

 


The final way I like to evaluate what is happening as far as Chandler real estate market trends is by showing how many homes have sold versus how many are currently listed at any given time. It doesn't hurt to throw in how many new and how many sale pending listings there are too.



 


We are seeing the disparity between list price and sold price steadily continue to decline. While this is an encouraging sign, we are probably not completely out of the woods yet. It is still a bad time to try to sell and in my opinion a great time to buy. I do think that the worst is over for the Chandler Arizona real estate market and for that matter Arizona real estate as a whole.

Another thing to notice is that when the market started to fall, it began in the outlying areas such as Queen Creek and Maricopa. Wouldn't it make sense if we saw the first signs of recovery there too? Why don't you surf on over to those pages on this website and see what's happening out there?










 

Data used to create this statistical analysis comes directly from the Arizona Regional Multiple Listing Service (MLS) and is therefore deemed to be reliable but is not guaranteed. All charts and interpretations are the intellectual property of Jeff Hunt and Rider's Realty. Any republication or distribution is strictly forbidden without written permission of the owner.