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Competing for Real Estate in Chandler Arizona

Aug 17, 2007
The Arizona real estate market has been scrutinized by experts for some time. Many remark on the escalating prices and some predict bubble bursts, with prices dropping quickly. Chandler, Arizona is a great example of real estate trends in the Phoenix area.

Chandler is a community the borders Phoenix metropolitan area and offers commuters a lovely, relaxing community to call home. It's diversity in real estate offerings - everything from condos to mansions, makes Chandler especially appealing and great for predicting trends.

Chandler is one of the communities that has grown at an incredibly fast pace in the last two years. It's one of the communities that is known for having beautiful luxury homes, yet is still one of the most affordable communities in the Phoenix metropolitan area. It is one of the fastest growing communities for new home communities, as well as a significant community for condominiums and town homes.

Usually, you'll find that there is a real estate sales cycle. There tends to be times when the market is especially active and then months where there isn't as much activity, and there are fewer homes available on the market.

The high sale months tend to be in the spring and summer - April, May and June. The months where the market slows considerably are November, December and January. Many people look for homes according to the school calendar - they don't want to take chance schools in mid-year.

In markets where homes are in high demand, like Chandler, many experts recommend waiting until the fall to look for a home. The theory is that sellers will be more anxious to make a deal on a home. The problem with this theory is that you will also face fewer options in homes for sale.

While the Arizona market has been incredibly strong, it is beginning to slow down. If you are in the market for a home in Chandler, you couldn't ask for a better time to shop for a home. Many sellers watched the dramatic run on the market and thought they could sell their home easily - even sit back and watch buyers compete for the home.

Fortunately, the market has slowed down. Chandler sellers are realizing that their home may sit on the market for a while - sometimes more than a month. That means there's more room for negotiation on price, and more time to make sure that the home is right for you.

This can be the best time to find a home in Chandler, Arizona. You'll fend some great homes at affordable prices in Chandler.
About the Author
Go to Central Arizona Homes and get a free copy of our 2005 Housing Appreciation Report.

Search the Chandler MLS .
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