Welcome to this month's "Market Update". Let's take a look at residential real-estate activity in your area during the month of March. The number of active listings was down 10% from one year earlier and did not change from the previous month This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month... was just over 250-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 31% This lower number of days may signal a positive trend in the local inventory-turnover rate. Meanwhile, The median sale price was just under 220-thousand dollars. Overall, The number of units sold Decreased 7% year-over-year and Increased 22% month-over-month Despite a slight annual decrease, this upward monthly sales-trend indicates positive momentum. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
Map Information for Chandler, AZ
Area Information for Chandler, AZ
Population:229,226
Median Age:33.11 yr
Median Commute Time:22.6 mins
Educational Climate*:4
Recycling Likelihood**:100
Sales Tax:88%
Population Density:3,004/sq mi
Population Change Since 2000:29%
Closest Airport:Phoenix Sky Harbor International
Closest College:Remington College-tempe Campus
Closest Jr. College:Chandler-gilbert Comm Coll
Median Household Income:$72,621
Annual Residential Turnover:25.35%
Median Years in Residence:2.52 yr
Median Home Sales Price:$161,701
Closest Major Sports Team:Azl Cubs (r)
Change Avg. Household Income Since 2000:25%
* Scale from 1-5 ** Index where 100 is the national average
Demographic Data for Chandler, AZ
Median Age: 33.11Married: 46%Number of Households: 87,589Households with Children: 34,828
Community:
Occupancy Types
3599Vacant
8822Owned
12512Rented
Transportation to Work
43%Drive
47%Public Transportation
8%Walk / Bike / Other
8%Work at Home
National Index Comparisons:
(100 National Average)