2016 February Chandler AZ Housing Market Report ~ Phoenix East Valley Real Estate

2016 February Chandler AZ Real Estate Market Highlight:

February 2016 Chandler AZ Active listing (Inventory) had Increased 11.0% from January 2016
2016 February Average Sold Price in Chandler AZ was $326,299, that was 8.4% Increased from January 2016
Chandler AZ Median Sold Price in February 2016 was $285,000 and had Increased 8.4% from January 2016
97% of Single Family Detached Homes sold in February 2016 are Traditional Sale
2016 February Most expensive home sold in Chandler AZ was sold for $1,950,000 Click here to view

Chandler AZ 2016 February Housing Market Trends Report, Swee Ng Chandler AZ real estate agent, Chandler AZ realtor

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Here are Chandler AZ Real Estate – Single Family Detached Home statistics for February 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.

2016 February Chandler AZ Closed Sales Report Analysis
In February 2016, we saw a 13.5% increased in the number of Single Family Homes Sold compared to the prior month. The statistics show that we only had 285 residential Single Family Detached Homes sold in February 2016 in Chandler AZ compared to 251 in January. This compares to 258 closed sales in February of 2015.

We also saw decreased of 10.2% in Day on Market (DOM) from January. It average took 79 days to get a home sold in Chandler AZ in February 2016.

February 2016 Chandler AZ Average Sold Price Analysis
2016 February Average Sold Price for Single Family Detached Homes Sold in Chandler AZ was $326,299. This Average Sold Price had increased 8.4% from January. The most expensive home in Chandler AZ sold in February was sold at $1,950,000. 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.

2016 February Chandler AZ Average Sold Price was $326,289.
Click here to View Chandler AZ Real Estate Listing & Homes Under $300,000 for Sale
Chandler AZ February 2016 Median Sold Price Analysis
Median Sold Price in February 2016 for Single Family Detached Homes in Chandler AZ was $285,000, compare to to $263,000 in January. That's about 8.4% increased from prior month. Compare to a year ago, February 2015 Median Sold Price in Chandler was $254,000, that was about 12.2% appreciation 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.