Putting your Chandler home up for sale this month?
Home prices were up 5% in Chandler compared to this time last year. Chandler saw one of its stronger sales months in September, continuing 2016’s trend for being the healthiest period of time in the last 10 years. The median sales price was $268,800 and the average home sold in 41 days, contrasted with September ’15’s price tag of $255,000 and 44 days.
There were 444 homes sold last month vs. 396 last September, indicating more than a 10% increase in sales volume. Current Pending sales are averaging only 33 days on the market, indicating that the fall season may be even stronger than the end of the summer, which would be highly irregular. Although the market is strong, buyers are still expecting closing cost assistance – even with higher-priced homes.
With 868 Chandler homes currently on the market and another 620 under contract, there is no doubt that it’s a seller’s market. Chandler’s distress market, as defined by pre-foreclosure, short sale, or bank-owned foreclosure homes, is virtually non-existent. September showed 13 distress sales (about 3%), compared to last year’s 21.
New construction homes are being built and sold at record levels, but are presenting very little competition with resales due to premium pricing.
Interest rates closed in the 3’s, still at historically low levels.
Are you thinking about putting your home on the market? We probably already have the buyer. Using an exclusive in-house MLS, we can show you exactly how many potential buyers we have for your home right, as well as a value range of what you can expect your home to fetch in this market. Click here to get started.
Ready for an in-person consultation? Fill out the form below and we’ll be in touch, or call 602-332-3321.