Chandler AZ Real Estate January 2016 Housing Market Update ~ Phoenix East Valley Real Estate

January 2016 Chandler AZ Real Estate Market Highlight:

Chandler AZ Active listing (Inventory) had Increased 10.4% from December 2015
January 2016 Average Sold Price in Chandler was $301,122, that was 2.3% Decreased from December 2015
Chandler Median Sold Price in January 2016 was $263,000 and had Decreased 0.8% from December 2015
96% of Single Family Detached Homes sold in January 2016 are Traditional Sale
January 2016 Most expensive home sold in Chandler AZ was sold for $1,140,000 Click here to view

Chandler AZ January 2016 Housing Market Update

Here are Chandler AZ Real Estate – Single Family Detached Home statistics for January 2016. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Chandler AZ provided by the FlexMLS system.

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January 2016 Chandler AZ Closed Sales Report Analysis
In January 2016, we saw a 26.4% decrease in the number of Single Family Homes Sold compared to the prior month. The statistics show that we only had 251 residential Single Family Detached Homes sold in January 2016 in Chandler AZ compared to 341 in December 2015. This compares to 214 closed sales in January of 2015. We also saw increase of 20.5% in Day on Market (DOM) from December 2015. It average took 88 days to get a home sold in Chandler AZ in January 2016.

January 2016 Chandler AZ Average Sold Price Analysis
January 2016 Average Sold Price for Single Family Detached Homes Sold in Chandler AZ was $301,122. This Average Sold Price had decreased 2.3% from December 2015. The most expensive home in Chandler sold in January 2016 was sold at $1,140,000. It is important for Seller and Buyer to refer to Median Sold Price instead of Average Sold Price. If there are multiples millions homes sold in particular months, the Average Sold Price will be increased.

January 2016 Chandler Average Sold Price was $301,122
Click here to View Chandler Real Estate Listing & Homes Under $300,000 for Sale in Chandler AZ
Chandler AZ January 2016 Median Sold Price Analysis
Median Sold Price in January 2016 for Single Family Detached Homes in Chandler AZ was $263,000, compare to to $265,000 in December 2015. That's about 0.8% decreased from prior month. Compare to a year ago, January 2015 Median Sold Price in Chandler was $249,450, that was about 5.4% appreciation.

Based on statistic, buyer is paying more to buy a home from a year ago.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

Selling your home in Chandler AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Chandler AZ Home Price and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

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Swee Ng, Realtor in Phoenix East Valley specializing in win-win real estate transaction through great communication and fighting for his clients' best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Chandler AZ, I would the the opportunity to be interviewed for the job. Contact Us today for complimentary and no obligation consultation.