Chandler Real Estate Market report for January 2017.
Below are all the Homes available in the City of Chandler by Dollar amount and type:
Navigate this Market Report:
- January Statistics
- What does this Data Mean?
- Understanding the Data if you are a Seller/Buyer
- Market Statistics for Surrounding Cities
Below is a snapshot of January’s Real Estate Market Statistics for Chandler:
For January 2017, the median price of a home in Chandler was $265,000. The “median” price is the middle of all homes sold.
The average days on the market for homes sold in Chandler for January 2017 was 69 days. The list price to sales price was 96.4%.
How should this Data be interpreted?
For the Chandler Market at the end of January, there were 2.23 months of inventory on the market. This means that if no more houses came on the market, it would take 2.23 months for all existing inventory to sell. Since we are well under 3 months of inventory, Chandler is in a strong Seller’s market
What does this mean if you are selling a home in Chandler?
As a seller, it means that inventory levels are down in the Chandler area in favor of sellers, inventory is down and demand is up. If priced correctly, sellers can expect to sell in less than the average 69 days on the market we saw in January. 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 was 96.4 %, better than the Phoenix market.
What does this mean if you are buying a home in Chandler?
For Buyers, this means there is much more competition for homes priced correctly relative to location and condition. If you are serious about an offer, have your agent provide you comparable properties to determine the best price to make your offer as strong as you can. Asking for seller concessions and offering a low ball amount is not a good strategy in a seller’s market. Remember, sellers also know the value of their home in this market. Their agent is keeping them updated on recent home sales as well as homes like theirs coming on the market. Sellers will likely have several offers to choose from.
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 link to additional homes in this price range: