Homes are selling in Chandler, but which homes exactly?  There are currently 1153 homes (331 Short sale, 69 lender owned, 653 regular resale) for sale in Chandler, Arizona with a median price of $240,000. 

There are 73 homes (32 short sale, 28 lender owned,13 regular sales) priced under $100,000 with the least expensive home for sale in Chandler being a bank owned 3 bedroom home listed at $31,000. 

There are 32 homes priced over $1,000,000 (3 short sales, 29 regular resales) with the highest priced home award going to a Short-Sale home priced at $7,400,000.  I know this home.  I used to live right across the street and it's pretty amazing. In 2006, this home was listed for $11,500,000.  12,725sf (6 bedrooms, 10 baths) situated on over 10 Acres.  Words really can't describe this home...it was even used as a movie set a few years ago. But I digress...

So that's what's for sale according to the Arizona MLS...but what is SELLING?

Since January 2009:

2419 homes have sold
1087 (45%) homes were lender owned
419 (17%) homes were short sales
913 (38%) were regular sales
1935 (80%) homes sold for under $300,000 (324 short sales, 961 lender owned, 650 regular sales)