Chandler AZ Real Estate Market Report - December 2020
The average sales price of homes in Chandler jumped back up in December to an all-time high of $482,171, while the average price per square foot continues to increase, up to $215/sf. Days on market increased to 32 from an all-time low of 28 DOM. Chandler home sales are much higher than in December of last year, up16.7%. I believe this may have something to do with the COVID-19 pandemic extending the summer home sales season, the low inventory, and the continued high demand for homes in the Phoenix Metropolitan and East Valley areas. The number of new listings is way up from December of last year, increasing by 21.5%. This increase is necessary because the number of active listings still remains significantly lower than December of last year at 445, a difference of -26.9%.
The lack of listings continues to drive demand and home prices higher. Median home values in Chandler have increased an average of 15.1% since December of 2019, which is incredible. It's very possible that if you had purchased a home last December for $300k, it would now be worth $345,300. With mortgage interest rates remaining right around 3.0%, there are still more buyers looking to purchase heading into the new year.
The lack of listings continues to drive demand and home prices higher. Median home values in Chandler have increased an average of 15.1% since December of 2019, which is incredible. It's very possible that if you had purchased a home last December for $300k, it would now be worth $345,300. With mortgage interest rates remaining right around 3.0%, there are still more buyers looking to purchase heading into the new year.
For more detailed stats on the Chandler Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me so we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me, it's about making a difference in the lives of others"
Serving the Phoenix Metro, and East Valley cities including Chandler, Gilbert, Tempe, Mesa, Phoenix, and Ahwatukee
Troy Erickson Realtor | 3175 W. Stephens Place, Chandler, AZ 85226 | 602-295-6807 | [email protected]
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Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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