Chandler Arizona home sales by price
2010-03-08 18:30:39
I ran a report in our MLS recently to show Chandler AZ home sales by price from January through September 2009. I wanted to make sure that what I though was going on, really was going on. Yes, Chandler home sales have increased, and are close to where they were back in 2006. At the same time, we all know that prices have dropped back down almost to where they were back in 2003. Here is the information I compiled:
| PRICE |
TOTAL SOLD
JAN - SEPT 2009 |
AVERAGE DAYS TO SOLD |
| $0 - $199,999 |
3,113 |
70.62 |
| $200,000 - $299,999 |
813 |
82.56 |
| $300,000 - $399,999 |
330 |
93.97 |
| $400,000 - $499,999 |
148 |
112.00 |
| $500,000 - $699,999 |
93 |
134.93 |
| $700,000 - $3,000,000 |
18 |
162.17 |
From this information, I have concluded that homes are selling, but the majority of homes that are selling are from $0 to $199,000, almost 70% of all homes sold. If you include homes priced up to $299,999, they make up almost 87% of total home sales. That means only 13% of all home sales in Chandler this year have been sold for $300,000 or more.
At the same time, you can see by the average days to close, they increase as the sales price goes up. Of course, this obviously means that the lower priced homes are selling much faster than the higher priced homes. This is typical for the real estate market, and this really comes as no surprise.
However, if you are looking for a home priced under $200,000, you should be aggressively searching, and have all your finances ready to go to make a quick offer. This chart of Chandler home sales by price shows that homes under $200,000 are not staying on the market long at all.
*******************************************************************************************************************
Contact Troy and Mia Erickson, Realtors®, Terra Solis Realty, LLC. Licensed Residential Realtors® in Arizona at 602-295-6807 for Chandler Arizona Real Estate.
You can view all Chandler Real Estate from our website. We know Chandler Arizona Real Estate and we are here to help.
10 Reasons Chandler first-time buyers should buy
2010-03-08 18:28:14
10 reasons first-time home buyers in Chandler, AZ should consider buying a new home.
First-time home buyers are finding more and more reasons not to buy bank-owned and short-sale properties. If you are a first-time homebuyer in Chandler, here are reasons 1 through 8 why you might want to consider purchasing a new home from a builder:
1. Many bank-owned and short-sale properties have things to clean, repair, and buy. There are things like missing cabinets, fixtures, and appliances, not to mention bad plumbing and electrical, holes in walls, stained carpeting, and painting of both the interior and exterior. And those are just the things you can see!
2. There is usually an extended period of time required to buy short-sale properties, which could take up to 6 months or more. Even then, a home could fall into foreclosure, as there are many uncertainties when dealing with sellers and banks.
3. You are eligible for the $8,000 federal tax credit, which has been extended through April 30th, with a closing needed before June 30, 2010.
4. You can take advantage of the three year decline in valley home prices, and still very low interest rates. Home prices are as low as they were back in 2002.
5. You have a large inventory of new and speculative homes left over from all the new home construction between 2003 and 2005.
6. You do not have to sell an existing home.
7. You can buy a more energy efficient home, with better windows, insulation, and newer A/C units and water heaters. Your monthly utility costs will also be less.
8. Buying new, you can take full advantage of all new home warranties from the builders.
Reasons number 9 and 10, are extra incentives coming directly from the builders themselves:
9. Some new home builders have reduced their prices even more by adjusting some of their standard features.
10. New home builders are also taking advantage of this by focusing their attention on the lower end of the housing market. According to Greg Burger, and associate with RL Brown on the Phoenix Housing Market Letter, out of 4,025 new home floor plans in active subdivisions, nearly two-thirds of them are for homes priced under $250,000. Some new home subdivisions have entry level homes starting as low as $80,000.
Statistics are showing that in some newer subdivisions, first-time home buyers make up as much as 90 percent of the buyers of new homes. Now I have shown you 10 great reasons for first-time home buyers in Chandler, AZ to consider buying a new build. Just don't forget to take a Realtor with you!
Chandler Arizona Growth and Transportation
2010-03-08 18:26:03
Chandler, Arizona what's it all about? Growth and Transportation:
Chandler's population in 2000 was just around 169,247, and during this time was considered the second fastest growing city in the country. A reflection what it was like ten years ago will show just how far Chandler has come in 2010. It was estimated in 2000 that by 2010 the population in Chandler would be 221,664, and by 2020, the population would be 258,915. As of January 1, 2010, the estimated population in Chandler is 253,352. Basically, Chandler has grown in the last ten years as much as it was estimated to grow over the next twenty years.
 Chandler is also located less than 25 minutes from Phoenix's Sky Harbor International Airport, which is a major hub for the Southwestern United States. The airport provides more than 575 flights daily, including 184 to California, and serves 66 different cities. Chandler is also bordered to the west by Interstate 10, which is a major transportation freeway that extends from California to Florida. Chandler also has the Loop 101, or Price Freeway (in Chandler), that runs North and South, and connects several suburbs of Phoenix, including Tolleson, Glendale, Peoria, Scottsdale, Mesa, and Tempe to Chandler. The Price Freeway section of the 101 also ends at the Price Corridor, where Chandler houses many high-tech industries to include Intel, Microchip, and Orbital Sciences. Construction on the Loop 101 began in the late-1980s and was completed in 2001. The loop 101 now connects with the Loop 202.
Loop 202, is a freeway encompassing the East Valley of Phoenix, surrounding the cities of Tempe, Mesa, Chandler, and Gilbert. Completed in 2006, the Santan Freeway portion of Loop 202 serves the southeast valley cities of Chandler, Gilbert, and Mesa, and provides access to the Phoenix-Mesa Gateway Airport. The Santan Freeway section of Loop 202 also connects with Interstate 10 on the west side of Chandler, near Ahwatukee.
 Chandler is also in the process of linking an express bus route to the Metro Light Rail. Metro Light Rail is a 20-mile (32 km) light rail line operating in the cities of Phoenix, Tempe, and Mesa, Arizona and is part of the Valley Metro public transit system. Construction began in March 2005, and operation started December 27, 2008. There may be future extension of the Metro Light Rail line to west Chandler as well.
Chandler Arizona is still growing, and well connected when it comes to Transportation!
Crime rate in Chandler is down 10 percent
2010-03-08 17:20:27
Crime rate in Chandler down 10% since 2005. Although the population in Chandler has continued to increase year after year, crime in every category but one is down over the past five years. When I first moved to Chandler in 1996, the city was just getting to the point of reaching 100,000 in population. Now, Chandler is approaching almost 250,000 if it hasn't already gone over that number. Over the past 5 years times have not been that great here, as in many parts of the country, due to the economy and housing market. We are looking at an almost 10% unemployment rate in Arizona, and home values over the past 4 years have seen a drop in value of up to 50% in some areas. With all the struggles, and increase in population, you would think that our wonderful city of Chandler would also be experiencing a higher level of crime, but instead, Chandler is experiencing a lowering of almost all types of crime over the past five years. Violent crime and property crime is down by more than 10% from 2005. Even the one category that has seen a silght increase of 2.5%, robbery, peaked in 2007 and has been decreasing ever since then. See the table below for Chandler crime statistics.
| CRIME TYPE |
2005 TOTAL |
2009 TOTAL |
PERCENT CHANGE 2005 to 2009 |
| Criminal homicide |
9 |
6 |
-33.33% |
| Forcible rape |
54 |
46 |
-14.81% |
| Robbery |
200 |
205 |
2.5% |
| Agrivated assault |
564 |
484 |
-14.18% |
| Burglary |
1,439 |
1,376 |
-4.38% |
| Theft |
5,684 |
5,599 |
-1.5% |
| Motor vehicle theft |
1,200 |
483 |
-59.75% |
| Arson |
65 |
62 |
-4.62% |
| TOTAL |
9,215 |
8,261 |
-10.35% |
With all the struggles we are seeing, it is a fantastic sign that Chandler has seen it's crime rate decreasing to a level that is 10% lower than it was in 2005.
|
|
