Chandler Real Estate Stats
Updated July '10


I take a special interest in what is happening with Chandler real estate market trends because that's where I live! It's been a rough ride, but have we hit the bottom?

 

 

One thing to look at is how much houses are selling for as compared to how much they are listed for. The sold prices for Chandler Arizona real estate have stopped going down in the 4th quarter '09, and even went up some! Then dropped just a tad in the 1st quarter of '10, and then back up again for the 2nd quarter of this year. Are we bouncing around on the bottom part of a bell shaped curve? That's what I think! Look how the gap between list price and sold price just keeps narrowing:


 

 

 



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. Look at the big jump in the number of homes that sold this past quarter!



 


The actual price that homes in Chandler are selling for is certainly an encouraging number. But we are not completely out of the woods yet. It is still a bad time to try to sell as well as a great time to buy. I do however think that the worst is over for the Chandler Arizona real estate market and for that matter Arizona real estate as a whole.










 

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.