Chandler Luxury Home Sales and Stats through October 2009
I recently ran a report through our MLS to see what the Luxury Home Market was like in Chandler, Arizona. I started with how many homes have sold from Jan 1 through October 31 that were over $500,000. There was a total of 142 homes sold. Out of that, there were 82 homes that sold from $500,000 to $599,999; 40 homes that sold from $600,000 to $699,999; 15 homes that sold from $700,000 to $999,999; and 5 homes that sold for over $1,000,000.
Out of the 142 luxury homes in Chandler, 99 were sold in a gated community. There were also 99 homes that had pools, 36 that were in a lake subdivision, and 19 that were waterfront lots. Ten of the luxury homes sold in Chandler were in a golf course subdivision. There were 35 that had mountain views, and 11 of the properties allowed horses. There were also 10 of the luxury homes sold that had a separate guest house. There were 136 of the Chandler luxury homes that had 3 or more garages, and 22 had RV parking. The majority of the homes were 4 (52 homes) or 5 (62 homes) bedrooms, and 3 1/2 baths (53 homes), or 4 1/2 baths (37 homes). Every home was over 3,000 square feet, and 77 were over 4,000 square feet, while 23 were over 5,000 square feet. There were 94 luxury homes sold in Chandler that were single story, 44 two story, and 4 that had 3 or more levels.
The area in Chandler where the most luxury homes were sold, 127, was south of the 202 Freeway, and East of Price Road. There were only 15 luxury homes sold north of the 202 Freeway, and 28 of the 142 were sold East of Gilbert Road. Most of the homes sold (66) were on 15,001 to 24,000 square foot lots. There were 36 homes on 10,001 to 15,000 square foot lots, 18 homes on 24,000 to 43,559 square foot lots, 11 homes on 0 to 10,000 square foot lots, and 11 homes sold on lots over 1 acre in size. There were only 2 of the 142 Chandler luxury homes sold that were built in 2009. There were 78 of them built between 2005 and 2008, 42 built between 2000 and 2004, 14 built between 1990 and 1999, and 8 of the luxury homes in Chandler that were sold were built before 1990.
There are certain Chandler neighborhoods that cater to the custom and luxury home buyer. Most of them are in South Chandler, and have been built over the past ten years. These are your Chandler Luxury Home Sales and Stats through October 2009.