The Number of Homes For Sale in Chandler That Sold in July Dropped to 415 Units – According to Chandler Realtor Greg Hagopian
Though the number of units is only down marginally by 7% the total sales volume dropped to $112,724, 841 which was down 8% from June’s volume and prices. But as a Chandler Realtor with over 13 years of experience selling homes in Chandler, I have seen this seasonal slow down nearly every summer. This is the “Kids are back in school syndrome” and people usually take a break from home buying. This also takes place during the first part of the summer Valley wide as well with the “Kids are out of school and driving us crazy syndrome”. So again this is too soon to press the panic button. There were 378 homes that sold in July for an average price of $277,114 which is $131.44 per square foot.
Market “Experts” Claim We Are In A Slump Valley Wide – But Is This The Case?
Certain soothsayers have made the claim that since sales are off by about 10% from last year we are in a slump. My question to them is “haven’t they heard of the term ‘Peaks and Valleys’?” The average sales price in Chandler as of July was $271,000 and the average sales price in January of this year was $241,000. So housing prices in Chandler are still up 12% even if the number of units sold has dropped 10%. Additionally these prognosticators are scratching their heads because they can’t figure out how we can be in a slump when inventory doesn’t reflect it? If we were in a slump, housing inventory would skyrocket. Maybe we’re not in a slump? My guess is two-fold; on one hand the sellers in 2014 put their homes on the market fishing for high prices; prices that were above market. When they didn’t sell rather than lower the prices they just took the home off the market. Others who had the same idea saw what the market was and never bothered to go on this fishing expedition for the above market windfall gain. These are real phenomenons I knew a Realtor who put his home on the market one year; he priced it so high that two outcomes would occur. Either nobody would buy the home but he would get a lot of sign calls and make his earnings on these buyers or he would get this outrageous price for his home and at this over inflated price it would make sense to pack the bags and sell. Well he got the price, the home appraised and he sold, and during this time he also made some commissions on the sign calls as well. So I think we saw this taking place this year where sellers have made substantial amounts of equity in the past two years and they wanted to see if they could cash in their chips.
What’s In Store For Chandler Real Estate Prices?
Even after practicing real estate in Chandler for 13 years my crystal ball is not too accurate; however, I believe that with all of the construction in the Valley, the businesses relocating to Phoenix, Chandler will reap the gains of the positive net migration. Chandler is the best and most elegant alternative to Scottsdale and in my opinion every bit as nice as the most popular ares in the Valley. Chandler has the finest restaurants, retailers, medical facilities and home builders. There are nearly as many golf courses in Chandler as any other city in the Valley and the prices per square foot for the homes for sale in Chandler are substantially less than those of Scottsdale – probably to the tune of 50%. Chandler is what Scottsdale used to be. So even though we have our seasonal peaks and valleys buying in Chandler is a good decision. The important issue is knowing the growth trends and trying to stay ahead of them or in the midst of them because every city has its life-cycle and Chandler is no different. There are undesirable parts of Scottsdale just as there are in Chandler; this is where a Realtor who is familiar with Chandler is your Ace in the Hole. Just as buying the smallest home on the block used to be the conventional wisdom for home buyers, staying ahead of the growth curve is the new wisdom for buyers. South Chandler seems to be the hot spot and the 202 corridor has brought a lot of businesses to the area. Proximity to employment, healthcare, good schools, and neighborhoods that are not in the downswing are crucial to ensuring that your investment will grow, and you will have years of enjoyment in your neighborhood before it is time to pull up the stakes and move on. If you are looking for an experienced Chandler Realtor, you may wish to review my credentials. I have been very successful and was among the top 1% of all Realtors in 2013. I live in Chandler and know the growth trends and keep my hand on the pulse of the city. Below is an interactive map of displaying the active listings in Chandler. You can mouse over these homes and view the details and also select the “lifestyle” feature on the right side bar to view on the map the schools, health-clubs, employers, and nearly every amenity that is important to your home buying decision. Contact me with any questions and I would be happy to answer them without trying to corner you into working with me. If you are looking to sell your home in Chandler I have listed and sold hundreds of homes in Chandler. In fact in the map below you can enter your address in the fields in the lower left corner of the map where it says Go to this city or zip code and then select recent sales on the right tool bar and get a fairly good estimate of the value of your home. This feature does not track your email or IP address but is a service I offer to visitors to my website. Looking for a Realtor in Chandler? I’d love to hear from you.