Chandler AZ Housing Market Trends May 2015
May 2015 Chandler AZ Real Estate Market Highlight:
- Active listing (Inventory) has Increased 1.0% from April 2015
- Average Sold Price has Increased 6.0% from April 2015
- Median Sold Price has Increased 3.9% from April 2015
- 97% of Single Family Detached Homes sold in May 2015 are Traditional Sale
- Most expensive home sold in May 2015 in Chandler was sold for $1,225,000 Click here to view
Here are Chandler AZ Real Estate – Single Family Detached Home statistics for May 2015. 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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Closed Sales Report Analysis:
We saw a 5.0% increase in the number of closed sales in May 2015 compared to the prior month. The statistics show that we had 401 residential Single Family Detached Homes sold in May 2015 in Chandler compared to 382 in April 2015. This compares to 338 closed sales in May of last year. In today’s market sellers need to continue to be diligent in pricing and staging their homes for sale.
Average Sold Price Analysis:
May 2015 Average Sold Price for Single Family Detached Homes in Chandler is $313,232. This Average Sold Price has increased 6.0% from April 2015. This is because most expensive home sold in May 2015 was sold for $1,225,000, whereas most expensive home sold in April was $1,075,000. 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.
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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 House Value 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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If you are looking to buy or sell your home in Chandler AZ area, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.
