Chandler Luxury Properties

Chandler has much to offer in luxury properties!  With a total inventory of 97 less 30 pending properties, there are currently 67 active properties in Chandler that range from $500,000-$7M with an average list price of $708,000 for 54 properties under $1M properties and $2.3M for 13 properties over $1M.  These properties are also on average 5 bedroom, 4 bath with 5,000 square feet, built 2001 or newer and on the market 185 days.  Out of the 67, only 3 of these active luxury listings are short sales!  Within the past 3 months, 35 of these properties have closed with an average sales price of $604,000, 4,454 sq ft, $137 per square foot and 96% of list price and on the market 94 days.  21 closed with conventional loans, 11 cash deals, 1 seller carryback, 1 FHA and 1 VA loan.  On the Statistical Market Analysis which compare same time periods, in this price range, the average sales price is down 3% from last year even though sold volume is up 2%.  If you’re thinking of making a move and are looking to buy or sell your home, please give me a call.  480.273.7472  http://StephanieWeissMoves.com

Last Year = 11/15/2009 to 2/15/2010  
This Year = 11/15/2010 to 2/15/2011

Chandler Single Family-Detached, $500K or more

Number Sold:  This Year 35, Last Year 33
Sold Volume:  This Year $21,134,300, Last Year $20,590,351
Average Sales Price:  This Year $603,837, Last Year $623,950
Percent of List:  This Year 96, Last Year 94
Days to Close:  This Year 78, Last Year 133

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