Chandler November, 2014 Market Statistics
The November 2014 market statistics for Chandler, Arizona show increasing strength in the single family home (SFR) sector. We saw a lower number of new listings, active listings, and new contracts when compared to the 5 previous November's. However, we saw a decrease of average days on the market, an increase in the average sales price, and an increase in the listings to final sales price ratio.
We also are seeing a steady decline of distressed properties in Chandler. This is extremely important because distressed properties hold the property values of surrounding homes down. Chandler and Phoenix were both hit extremely hard during the financial crisis and housing bubble. It appears the last homes from the crisis may be working their way out of the system.
The November statistics show us a couple of things. First, there is still strong demand for homes in Chandler. We see homes are selling faster and for higher amounts when compared to the past 5 years. This part of the year is normally slower as we get ready for our spring, and summer rush.
If you are looking to sell your home now is a great time to start the process. Homes are selling for higher amounts while being on the market for less time. If you are looking to purchase a home sellers may be less willing to lower their prices because of the stronger demand.
You can find all of the November 2014 Market Statistics for Chandler here: November 2014
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