Chandler, AZ Market Report June 2012
As a Realtor living and working in the Phoenix Metro Area I am often asked what parts of the Valley are selling well? All real estate markets are local. Local meaning specific neighborhoods, subdivisions or zip codes and most often that is the market data that I supply to my clients. However, sometimes it's beneficial to look at larger areas to identify trends that might not be so easily found in smaller samples. In this Market Report we're looking at Chandler, AZ .
Unlike other parts of the valley Total Active listings in Chandler, AZ are unchanged over the past 30 days.
Lender Owned (REO) and Short Sales (SS) make up less than 24% of Total Actives the lowest number in several years.
Lender Owned (REO) prices are up 7.7% month over month. Lender owned properties are drying up fast in the Chandler, AZ Market and those that are available are receiving multiple cash contracts driving prices up.
Short Sale prices are up 2% month over month. Even though Short Sales are still a challenge to close they are becoming an endangered species much like Lender Owned (REO) properties.
Normal Sale prices are up 2.3% month over month and up 10% over the past six months.
What does this mean for buyers and sellers in Chandler, AZ :
- If you are thinking of buying a home in the next two to three years, don't wait, prices will continue to rise. Buy now. We're going to look back at 2012 as a year of great opportunity.
- If you are thinking of selling your home in 2012 list it now, competition is at an all- time low and prices may level during the summer months and as we approach the election in November.
- If you are considering moving from a smaller to a larger home there has never been a better time to do so. Smaller homes are selling quickly and in many cases above list price while there are still some great bargains available in homes larger than 3000 sq.ft.
- If you are considering a short sale list your home ASAP and complete the sale by the end of 2012 to avoid possible tax issues.
Work with a REALTOR who truly understands the Chandler, AZ Market E-mail Nancy@NancyLaswick.com or call (602) 793-1627.
Whether you are buying or selling a home in Chandler, AZ I offer a free customized market report. As an informed buyer or seller you'll make better decisions.
All content in this post is protected by copyright. © Nancy Laswick 2012. All Rights Reserved.
Please Note:All statistics and figures are reported from the Arizona Regional Multiple Listing Service (ARMLS) and/or The Cromford Report and are deemed to be reliable, but cannot be guaranteed for accuracy. It is recommended that any information of special interest be verified through independent sources.
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