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Chandler AZ Real Estate Housing Market Report - August 2022

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Real Estate Agent with HomeSmart License # SA577557000
Here is the most recent Chandler AZ Real Estate Housing Market Report for August 2022:
 
The average sales price of Chandler homes has now decreased for the third straight month. After increasing to an all-time high of $704,532 in May, the average sales price of Chandler homes has decreased to $627,671 in August.

After increasing or remaining the same for 24 consecutive months, the average sales price per square foot of Chandler homes has also decreased for the third straight month. The average sales price has dropped from $315/sf in May to $295/sf in August. This is still a $32/sf increase from the $263/sf in August of 2021.
 
The days on market has now also increased for the third straight month, going from 20 DOM in May to 37 DOM for August. The DOM had remained at or below 31 since February of 2021. Homes in Chandler are still selling fast, but they have certainly slowed down as we enter the slower housing season in the fall.
 
Click on the image below to read the full article and see what is going on in the Chandler Arizona real estate market.
 

Feel free to reach out to me if you have any questions about buying a home, selling your home, or investing in the Chandler, AZ or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.

"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
       
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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         Contact Troy Erickson, Realtor®, Good Company Real Estate

Licensed Residential Realtor® in Arizona at 602-295-6807

 

Reach out to me for all your Phoenix, Chandler, Ahwatukee, Tempe, Gilbert, and Scottsdale, Arizona Real Estate needs.

 

Check out our website for all Arizona Real Estate and Homes For Sale in subdivisions like Sun Lakes, Ocotillo, Lakewood, Mountain Park Ranch, Pepperwood, Circle G Ranches, and many others throughout the East Valley.

 

"Real Estate is more than just about a job for me. It is about making a difference in the lives of others. I help people just like you Buy, Sell, and Invest in East Valley Arizona Real Estate!"

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This post is for informational purposes only and should not be construed as legal advice. If you desire specific legal or tax advice, please consult the appropriate professional. The opinions expressed here represent my own and not those of my employer. Troy Erickson will not be held liable for any errors, ommissions, accuracy, validity, currentness, suitability, completeness; or any losses, injuries or damages arising from its display or use.

Comments (4)

Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

Troy I have been saying this for six to eight months and people looked at me that I was crazy... I kept telling them what ever is going on in Los Angeles six months later it is in the rest of the country.... now that is 26+ years of watching the market speaking, Endre

Sep 14, 2022 11:07 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Chandler home buyers and sellers are sure to value your real estate market report, Troy.

Sep 14, 2022 11:39 PM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Endre Barath, Jr. your industry experience really shows. Things do slow down this time of year anyway, but the higher interest rates and inflation are also impacting the housing industry. 

Sep 16, 2022 11:05 AM
Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Thank you as always Myrl Jeffcoat for liking and supporting my blog posts.

Sep 16, 2022 11:06 AM