Chandler AZ home for sale Inventory continues to fall – prices rise

There are currently only 347 homes for sale in Chandler, Arizona.  How low is this?  At our highest point in September 2007, we had 2500 homes for sale.  At our lowest point in December 2004, we had 278 homes for sale.  We are approaching an all time low and prices are reflecting the supply and demand issue.

Prices have risen over 25% from their lowest point in January 2011 at a median sales price of $147,500.  The current median sales price in Chandler, Arizona is $185,450.

chandler_az_home_appreciation

Information courtesy of the Cromford Report

Buyers must understand that the market has changed if they’re going to be successful in winning the “bid” on the home of their dreams and a real estate professional who understands the market is the best resource for a home buyer today.

 

About The Amy Jones Group

Mindy Jones Nevarez is the owner of Amy Jones Group Keller Williams Integrity First. The Amy Jones Real Estate Group has been recognized as the #1 Real Estate Team in Chandler by the Phoenix Business Journal and voted Best of Our Valley for 4 years.

The Amy Jones Group specializes in real estate in Chandler, Sun Lakes, Gilbert, Mesa, Tempe, Ahwatukee, and Phoenix.