Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for February 2019.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of February’s Real Estate Market Statistics for Phoenix AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Phoenix for February was 2146 down 10.2% from January. New contracts increased by 6.6% to 2209.  We saw 1514 home sales completed in February up 19.1% from January.  Median sales price was $248,725 down 1.7% from January. There were 4094 active listing in Phoenix with the average days on market of 69.  The average sold price to list price was 96.2% up by .4% from prior month.

Phoenix Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $183,500
  
• 3 Bedroom – $247,500
  
• 4 Bedroom – $329,900
• 5 Bedroom – $400,657

What does this mean if you are a seller?

We were expecting that more inventory would be coming on the market as sales slowed slightly, however, sales volume increased by 19% thus driving months of inventory available down by 16.9% to 2.7 months of inventory. .  This shows us moving back into a sellers market. If priced correctly, sellers can expect to sell in less than the average 69 days on market we saw in January if this trend continues.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For February, we saw the list to contract price of 96.2% up by .4% from January. We also saw the median price drop to $248,725 a 1.7% decrease from January.

What does this mean if you are a buyer?

For buyers, a inventory of 2.70 months (compared to 3.25 months in January) is unexpected news since this indicates we are moving back into a sellers market when the expectation was just the opposite. Sellers have a slight advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making alow ball offer is not a good strategy in a seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

Homes For Sale in Phoenix AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Phoenix homes by price and Type:

Below are all the Homes available in the city of Phoenix by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below you will find the statistical breakdown and more for the Tempe area Real Estate Market for February 2019.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of February’s Real Estate Market Statistics for Tempe AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Tempe for February was 206 was flat to January. New contracts increased by 19.2% to 230.  We saw 150 home sales completed in January up 4.9% from January.  Median sales price was $285,500 up 3.4% from January. There were 293 active listing in Tempe with the average days on market of 67.  The average sold price to list price was 96.2% up by .2% from prior month.

Tempe Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $180,000
  
• 3 Bedroom – $285,000
  
• 4 Bedroom – $328,000
  
• 5 Bedroom – $475,000

What does this mean if you are a seller?

For sellers, inventory levels remained flat (1.95 in Febuary vs 2.02 in January) while sales volume decreased by 4.9% from the prior month.   This shows us hovering at a weak balanced market. The forecast however was a moving toward a stronger balanced market which did not occur. If priced correctly, sellers can expect to get Market rate for their property.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell. For February, we saw the list to contract price of 96.2% up by .2% from January. We also saw the median price increase by 3.4% to  $285,500.

What does this mean if you are a buyer?

Based on the last couple of months and the expert forecasts, Buyers were expecting an increase in the homes available…that did not happen. Months of inventory dropped from 2.02 in January to 1.95 in January. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Buyers need to watch the market closely to see what trend arises. The expectation is that the market will move to a balanced position.

 

Homes For Sale in Tempe AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Tempe homes by price and Type:

Below are all the Homes available in the city of Tempe by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Phoenix

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below you will find the statistical breakdown and more for the Gilbert area Real Estate Market for February 2019.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of February’s Real Estate Market Statistics for Gilbert AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Gilbert for February was 454 down 16.1% from January. New contracts also decreased by 1.0% to 484.  We saw 340 home sales completed in February up 25.9% from January.  Median sales price was $322,000 down .9% from January. There were 663 active listing in Gilbert with the average days on market of 57.  The average sold price to list price was 97.5% up by .1% from prior month.

Gilbert Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $242,000
  
• 3 Bedroom – $285,000
  
• 4 Bedroom – $354,900
  
• 5 Bedroom – $445,000

What does this mean if you are a seller?

The forecast for February was for an increase in inventory thus moving toward a balanced market (where inventory reaches 3 months) However a strong sales month actually drove down months of inventory from January’s 2.5 months to February’s 1.95 months (a 22% decrease). Since we have moved back into a strong sellers market, Homes priced correctly, sellers can expect to sell in less than the average of 57 days on market we saw in February.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers.  For February, we saw the list to contract price of 97.5% up by .1% from January. We also saw the median price drop by .9% from January to $322,000.

What does this mean if you are a buyer?

For buyers, a inventory of 1.95 months (compared to 2.50 months in January) is not welcome news since this indicates we moved back into a strong sellers market.  Sellers continue to have a advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions and making a low ball offer is not a good strategy in this seller’s market. The forcaster’s are predicting an increase in inventory, so if you are going to make an offer have your agent look at what happening in March to see what the inventory is doing real time. Also looking at the market by zip code also can help develop your best strategy.

Homes For Sale in Gilbert AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Gilbert homes by price and Type:

Below are all the Homes available in the city of Gilbert by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Phoenix

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for February 2019.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of February’s Real Estate Market Statistics for Chandler AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Chandler for February was 492 down 11.5% from December 2017. New contracts increased by 9.6% to 523.  We saw 345 home sales completed in February up 12.0% from January.  Median sales price was $300,000 up .3% from January. There were 759 active listing in Chandler with the average days on market of 58.  The average sold price to list price was 97.0% down by .1% from prior month.

Chandler Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $218,000
  
• 3 Bedroom – $285,000
  
• 4 Bedroom – $389,900
  
• 5 Bedroom – $535,000

What does this mean if you are a seller?

Inventory levels dropped to 2.2 months of inventory in February, a 12.7% reduction from January’s 2.52 months of inventory. This was unexpected since the forecast for inventory levels move toward the 3 month or balanced market level. With the inventory staying in a strong seller position, homes  priced correctly, should expect to sell in less than the average 58 days on market we saw in February.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For February, we saw the list to contract price of 97.0% down by .1% from January. We also saw the median price increase by .3% to $300,000.

What does this mean if you are a buyer?

For buyers, a inventory of 2.2 months (compared to 2.52 months in January) is not welcomed news since this indicates we are moving back to a stronger sellers markets.  Sellers continue to have an advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house. Also since the forecast was for inventory to increase, any offer should be checked closely against current levels of inventory.

Homes For Sale in Chandler AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Chandler homes by price and Type:

Below are all the Homes available in the city of Chandler by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Phoenix

–Gilbert

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Gilbert Real Estate Market for January 2019.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

January’s Real Estate Market Statistics for Gilbert AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Gilbert for January was 541 up 85.9% from December 2018. But in addition, new contracts also increased by 65.2% to 489.  We saw 270 home sales completed in January down 23.1% from December.  The median sales price was $325,000 down 2.7% from December. There were 675 active listing in Gilbert with the average days on market of 54.  The average sold price to list price was 97.4% up by .1% from the prior month.

Gilbert Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $259,900
  
• 3 Bedroom – $290,000
  
• 4 Bedroom – $359,900
  
• 5 Bedroom – $450,000

What does this mean if you are a seller?

For sellers, understanding that inventory levels in January normally increase. This January was no different. We were up 85.9% vs December. Also, closed sales decreased by 23.1%. This caused the current months of inventory available for Sale to increase by 37.4% to 2.50. This shows Gilbert still in a seller’s market.  If priced correctly, sellers can expect to sell in less than the average 54 days on the market we saw in December.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For January, we saw the list to contract price of 97.4% up by .1% from December. We also saw the median price drop to $325,000 a 2.7% decrease from December.

What does this mean if you are a buyer?

For buyers, an inventory of 2.50 months (compared to 1.82 months in December) shows that we may be finally moving closer to a balanced market. Currently,  sellers continue to have the advantage since there are fewer homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you with comparable properties to determine the best price for the house.  We need to continue to watch the trend as the year progresses.   Many forecasts show that we will be in a balanced market within the next few months.

Homes For Sale in Gilbert

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Gilbert homes by price and Type:

Below are all the Homes available in the city of Gilbert by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Phoenix

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below you will find the statistical breakdown and more for the Tempe area Real Estate Market for January 2019.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of January’s Real Estate Market Statistics for Tempe AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Tempe for January was 206 up 59.7% from December 2018. But in addition, new contracts also increased by 19.9% to 193.  We saw 143 home sales completed in January down 9.5% from December.  Median sales price was $276,000 down 2.0% from December. There were 289 active listing in Tempe with the average days on market of 72.  The average sold price to list price was 96.0% up by .3% from the prior month.

Tempe Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $180,000
  
• 3 Bedroom – $283,500
  
• 4 Bedroom – $349,000
  
• 5 Bedroom – $399,900

 

What does this mean if you are a seller?

For sellers, understand that inventory levels in January normally increase. This January was no different. We were up 59.7% vs December. Also, closed sales decreased by 9.5%. This caused the current months of inventory available for Sale to increase by 8% to 2.02. We currently have 2.02 months of inventory available for Sale. This continues to shows that Tempe remains in a strong seller’s market. If priced correctly, sellers can expect to sell in less than the average 72 days on the market we saw in December. Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For January, we saw the list to contract price of 96.0%, up by .3% from December. We also saw the median price drop to $276,000 a 2.0% decrease from December.

What does this mean if you are a buyer?

For buyers, an inventory of 2.02 months (compared to 1.87 months in December) continues to show that Tempe remains in a strong seller’s market.  Sellers continue to have the advantage since there are fewer homes available. Anything under 3 months of inventory is considered a seller’s market.  The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you with comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

Homes For Sale in Tempe AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Tempe homes by price and Type:

Below are all the Homes available in the city of Tempe by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Other Cities in the East Valley:

–Chandler

–Gilbert

–Phoenix

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of January’s Real Estate Market Statistics for Chandler AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Chandler for January was 556 up 68.5% from December 2018. But in addition, new contracts also increased by 39.5% to 477.  We saw 308 home sales completed in January down 20.0% from December.  The median sales price was $299,000 down 5.1% from December. There were 777 active listing in Chandler with the average days on market of 56.  The average sold price to list price was 97.1% up by .1% from the prior month.

Chandler Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $210,000
  
• 3 Bedroom – $275,000
  
• 4 Bedroom – $410,000
  
• 5 Bedroom – $480,000

What does this mean if you are a seller?

For sellers, understanding that inventory levels in January normally increase. This January was no different. We were up 68.5% vs December. Also, closed sales decreased by 20.0%. This caused the current months of inventory available for Sale to increase by 42.3% to 2.52. This moves us closer to a balanced market for the first time in a few years.  Since sellers still have the advantage with fewer homes on the markets than available buyers, If priced correctly, sellers can expect to sell in less than the average 56 days on market we saw in December.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For January, we saw the list to contract price at 97.1% up by .1% from December. We also saw the median price decreased by 5.1% to $299,000.

What does this mean if you are a buyer?

For buyers, a inventory of 2.52 months (compared to 1.76 months in December) is welcome news since this indicates we are moving closer to a more balanced markets.  Sellers continue to have a slight advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

Homes For Sale in Chandler AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Chandler homes by price and Type:

Below are all the Homes available in the city of Chandler by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Phoenix

–Gilbert

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for January 2019.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of January’s Real Estate Market Statistics for Phoenix AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Phoenix for January was 2390 up 72.1 % from December 2018. But in addition, new contracts also increased by 41.8% to 2073.  We saw 1271 home sales completed in January down 18.5% from December.  Median sales price was $252,900 up 3.2% from December. There were 4128 active listing in Phoenix with the average days on market of 70.  The average sold price to list price was 95.8% down by .4% from prior month.

Phoenix Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $184,700
  
• 3 Bedroom – $250,000
  
• 4 Bedroom – $320,000
• 5 Bedroom – $429,900

What does this mean if you are a seller?

For sellers, understanding that inventory levels in January normally increase. This January was no different. We were up 72.1% vs December. Also, closed sales decreased by 18.5%. This caused the current months of inventory available for Sale to increase by 29.5% to 3.25. This puts us in a balanced market for the first time in a few years.  Sellers will need to adjust their expectations on receiving multiple offers during the first week on the market unless they are exceptionally priced. For January, we saw the list to contract price at 95.8% down by .4% from December. We also saw the median price increase by 3.2% to $252,900.

What does this mean if you are a buyer?

For buyers, a inventory of 3.25 months (compared to 2.51 months in December) is welcome news since this indicates we have moved into a balanced market.  A balanced market neither favors the buyer or the seller. As a buyer, you will see an increase in inventory to choose from. The buyer will also be in a move advantagious negotiating positions than he has been in the last couple of years. However this is a balanced market, not a buyers market, so you will still need to reasonably price your offer. 

Homes For Sale in Phoenix AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Phoenix homes by price and Type:

Below are all the Homes available in the city of Phoenix by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below you will find the statistical breakdown and more for the Gilbert area Real Estate Market for December 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of December’s Real Estate Market Statistics for Gilbert AZ:

 

The number of new listings in Gilbert for December 2018 was 291 down 29.7% from November. New contracts also decreased by 20.9% to 296.  We saw 351 home sales completed in December up .6% from November.  The median sales price was $334,000 up 3.7% from November. There were 638 active listing in Gilbert with the average days on market of 51.  The average sold price to list price was 97.3% down by .5% from prior month.

Gilbert Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $240,170
  
• 3 Bedroom – $280,000
  
• 4 Bedroom – $350,000
  
• 5 Bedroom – $427,000

What does this mean if you are a seller?

 Inventory levels dropped slightly (3.9%)s while sales volume remained flat to prior month.  We currently have 1.82 months of inventory available for Sale which is a decrease of 4.2% from November. This shows a continued seller’s market (last month’s 1.90 months of inventory). If priced correctly, sellers can expect to sell in less than the average 51 days on the market we saw in December.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For December, we saw the list to contract price of 97.3% down by .5% from November. We also saw the median price of $334,000 increase by 1.3% from November.

 

What does this mean if you are a buyer?

For buyers, an inventory of 1.82 months (compared to 1.90 months in November) continues to show a seller’s market.  Sellers continue to have the advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

Homes For Sale in Gilbert AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Gilbert homes by price and Type:

Below are all the Homes available in the city of Gilbert by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Phoenix

–Tempe

View All Current & Past Phoenix & East Valley Real Estate Market Reports

 

 

Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for December 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of December’s Real Estate Market Statistics for Chandler AZ:

 

The number of new listings in Chandler for December 2018 was 330 down 29.5% from November. New contracts also decreased by 21.2% to 342.  We saw 385 home sales completed in December down 4.9% from November.  Median sales price was $315,000 up 1.6% from November. There were 679 active listing in Chandler with the average days on market of 55.  The average sold price to list price was 97.0% down by .4% from prior month.

Chandler Homes for Sale by Bedrooms & Median price:

• 2 Bedroom – $212,450
  
• 3 Bedroom – $295,000
  
• 4 Bedroom – $379,900
  
• 5 Bedroom – $435,000

What does this mean if you are a seller?

Both inventory levels & sales volume decreased from the prior month.   We currently have 1.76 months of inventory available for Sale which is an increase of 10.2% from November. This shows us still in a seller’s market. Last month we were at 1.96 months of inventory which was a 10.2% decrease  as compared to December (showing a slight strengthening in the current sellers market). If priced correctly, sellers can expect to sell in less than the average 55 days on market we saw in December.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For December, we saw the list to contract price of 97.0% down by .4% from November. We also saw the median price increase to $315,000 or 1.6% from November

 

 

For buyers, an inventory of 1.76 months (compared to 1.96 months in November) continues to show that we are in a strong seller’s market. Sellers continue to have the advantage since there are fewer homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making low ball offers is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

Homes For Sale in Chandler AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Chandler homes by price and Type:

Below are all the Homes available in the city of Chandler by Dollar amount and type:

Under $100,000	Between $100,000-$200,000	Between $200,000-$300,000	Between $300,000-$400,000	Between $400,000-$500,000
Between $500,000-$600,000	Between $600,000-$700,000	Between $700,000-$800,000	Between $800,000-$900,000	Between $900,000-$1,000,000
Over $1,000,000	In Adult Communities	Foreclosed Homes	Short Sales	With Pools

Below you will see the links for the other cities in the East Valley:

–Phoenix

–Gilbert

–Tempe

View All Current & Past Phoenix & East Valley Real Estate Market Reports