Buying a house in Chandler, AZ
Chandler is located in Maricopa County of Arizona. It is one of the largest suburban areas in the Phoenix, Arizona Metropolitan Statistical Area. The population of this city is around 240,595 according to 2006 statistics. Although the economic downturn has had an impact on the Chandler market, the demand for homes for sale in Chandler, Arizona is indicative of a market that is slowly recovering its impulse. The most popular neighborhoods in Chandler, AZ include Fox Crossing, Island at Ocotillo, Cooper Commons, Sun Groves, and Carino States. At present, the houses in Isla de Ocotillo are the most expensive in the city.
Chandler is often considered the eastern valley of the Phoenix metropolitan area. Ideal weather conditions, the availability of services such as shopping malls, restaurants, museums, theaters, and sports stadiums make the city a favorite destination among prospective real estate buyers. The availability of various facilities and business opportunities make the city a popular choice among property investors.
Chandler, AZ real estate has weathered the recessionary storm. This is evident by the number of listings in the real estate inventory. The number of foreclosures also points to the current state of the market. On average, there are 1,781 properties for sale in Chandler, Arizona. These include both new homes and resale properties. There are approximately 2,638 homes that have found a place in the Foreclosure, Pre-Foreclosure and Auction categories. Chandler, AZ Home For Sale price was $313,343, an increase of 13.8% compared to the previous week. All these statistics bring a glimmer of hope for real estate agents in the city after the recession clouds have been looming for quite some time.
According to recent statistics, the median price for a square foot of chandler area homes for sale is $102. Prices are down 20.3% compared to what it was during this time of year in 2008. The median sales price for new homes in Chandler, AZ is $197,000. Median sales price was calculated based on 1,593 home sales in Houses Chandler, AZ. Last year, the median sales price hit an all-time low of $31,500, a 13.8% decrease from last year.
If you want to buy a house in Chandler AZ, you should contact the best real estate agents in the city. They can help you with your search for the perfect home. Whether it’s a condo, studio apartment or single-family home, they’ll find the right one for you based on your specifications and budget.
