Ocotillo Lakes Chandler Arizona


Ocotillo Lakes is a community located between Dobson and Alma School roads and Chaparral Way/Lake Drive to Bartlett Way in the Ocotillo area of Chandler, Arizona.  This includes The Retreat & Enclave at Ocotillo.  Many of the homes in Ocotillo Lakes sit on the lake that runs throughout the community.  Ocotillo Lakes was built between 1998-2001 by Edmunds-Toll and Pulte Homes.

Currently there are 12 active listings, 2 pending and 10 properties that have closed within the past three months.  The actives currently range from $190,000 to $483,000 and 1,533 square feet to 3,533. There are 6 homes under $260,000 and 6 over.  The average list price in Ocotillo Lakes is $330,000 however that is in part because of The Retreat & Enclave at Ocotillo which is a gated community with higher home prices.  Out of the 12 active listings, 3 are regular deals, 4-short sales (3 of those being pre-foreclosures), 1 pre-foreclosure and 4 lender owned properties.  Out of the 10 properties that closed within the past 3 months, 2 were cash transactions, 1 FHA (lender owned property) and the remaining 7 were regular transactions involving conventional loans.   Here are the actual closings:

Bed
Bth
SqFt
YR
SP
COE
Price Per Sq Ft
Total Days on Market
3
2
1,533
1998
$215,000
6/8/2010
$       140
82
3
2
1,533
1999
$195,000
5/28/2010
$       127
55
3
2
1,780
1999
$240,000
5/17/2010
$       135
87
4
2
2,406
1998
$400,000
6/29/2010
$       166
37
4
3
2,524
1999
$395,000
6/2/2010
$       156
21
4
3
2,525
1998
$425,000
6/15/2010
$       168
45
3
2
2,531
2001
$460,000
6/22/2010
$       182
582
3
2.5
2,953
1998
$449,900
5/26/2010
$       152
5
4
2.5
3,093
1998
$525,000
6/29/2010
$       170
132
4
3
3,533
1999
$400,000
6/18/2010
$       113
307

Here is the information in general: 

Status
#
 
List Price
Sold Price
Approx SQFT
List Price Per Approx SQFT
Sold Price Per Approx SQFT
Total Days on Market
Active
12
Low
Avg
High
189,900
330,658
483,000
 
1,533
2,371
3,533
110.73
139.09
169.89
 
1
77
258
Pending
2
Low
Avg
High
225,000
348,500
472,000
 
1,600
2,066
2,531
140.62
163.56
186.49
 
0
8
17
Closed
10
Low
Avg
High
209,000
384,140
549,900
195,000
370,490
525,000
1,533
2,441
3,533
117.44
156.85
189.25
113.22
151.04
181.75
5
135
582
Overall
24
Low
Avg
High
189,900
354,429
549,900
 
 
 
1,533
2,375
3,533
110.73
148.53
189.25
 
 
 
0
96
582

There are 5 active rentals in Ocotillo Lakes ranging from 1,715-2,795 square feet and at least 3 bedrooms 2 baths.  Pricing ranges from $1,400 to $2,495 or $.82 to $.94 per square foot.  Closed rents are averaging $.97 psf and are on the market for only 29 days!

If you’re thinking of making a move to the Ocotillo Lakes area, please give me  a call.  Stephanie Weiss 480.273.7472  http://StephanieWeissMoves.com

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