Entries Tagged 'Chandler Arizona' ↓

I chose to live and work in the Chandler area after moving to Arizona 7 years ago after researching all valley locations.  I found a quality of life in Chandler that was a perfect fit for me, and obviously for 250,000 others who currently call Chandler, Arizona home.

When I moved here there were still dairy farms every mile or two which added to the rural charm.  Sadly, most of the dairy farms are gone (don’t miss that smell though).  Except for a handful of holdouts, they’ve been replaced by corporate buildings (including Intel which is Chandler’s largest employer with over 10,000 employees..one of which is my very own daughter) and newly built residential communities.

Nevertheless, Chandler is a perfect fit for anyone looking to get some bang for their buck without sacrificing superb amenities including entertainment, shopping and restaurants for every budget. 

Home to several lake and golf course communities as well as dozens of condo-conversion communities with prices starting in the low $100,000’s.  Many, if not most, of these communities offer swimming pools, workout facilities, & clubhouses.  Hundreds of beautiful single family homes with room to breath are also delighting today’s buyers.

One of the most desirable factors for relocating to Chandler, Arizona is the ease of commuting.  Easy access to Interstate 10, US 60 and Loops 101 & the newest addition, Loop 202.

Home to Chandler Fashion Center . dining run the gamut, from NYPD Pizza & Famous Daves BBQ and just about any other well-known family friendly establishment, to the newest additions at Promenade at Fulton Ranch and the Fulton Ranch Town Center, Cork & Sau’tee.

Downtown Chandler’s growing historic district includes some of the Valley’s most unique shops and eateries in a walkable setting.  Like Wine?  You’ll love 98 South Wine Bar located in Downtown Chandler

There are 2329 active listings in Chandler today in the Arizona Regional MLS.  Prices range from $69,900 for a mobile home to just under $4,000,000 for a 9668 SF 6 Bedroom, 7 Bath estate. 

Whether you’re a growing family, an empty-nester or a single professional, Chandler is one of the best locales to find just about everything you could be looking for.

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For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite.

Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakes & Show Low. 

Search the Arizona MLS   Search the White Mountain MLS

The Real Estate Market in the Phoenix metro area continues to show improvement.  Almost all cities show a reduction in active listings and steady buyer activity.  Interesting to note that homes that are selling are typically NOT short sale listings.  We continue to see a high percentage of sales of homes that are well cared for with a seller who has realistic price expectations.  This is the type of home that IS selling. 

The Southeast Valley in now carrying less than 10 months of inventory.  In a normal, balanced market we carry an average of 6 months worth of inventory. 

There was 15.7 months worth of inventory in the Southeast Valley during the last week of October, 2007. We have experienced a gradual reduction in that inventory most noticeably over the last 6 weeks and this could be confirming that we have finally hit bottom.  If so, we should notice a plateau over the upcoming months with a gradual return to normal appreciation.  Good news for homeowners in the East Valley. 

Buyers who have been sitting on the fence waiting for prices to stabilize are encouraged to jump off that fence while interest rates are still favorable and inventory plentiful.

HIGHLIGHTS OF THIS WEEK’S REAL ESTATE ACTIVITY IN THE EAST VALLEY

This week, inventories have continued to drop across the board except for Ahwatukee which remained at last week’s inventory of 687 single family homes for sale in MLS and Maricopa which showed a slight increase in inventory.

Chandler, Gilbert, Fountain Hills, Paradise Valley & Scottsdale saw an increase in buyer activity this week.

For a complete inventory report for the Phoenix East Valley visit my Market Conditions Report  page.

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For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite.

Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakes & Show Low. 

Search the Arizona MLS   Search the White Mountain MLS

The Real Estate Market in the Phoenix East Valley continues to show improvement.  Almost all cities show a reduction in active listings and steady buyer activity.  Interesting to note that homes that are selling are typically NOT short sale listings.  In Maricopa where there is a very high ratio of short sale listings for example, of the 48 homes that went under contract last week, only 5 were short sale listings.  We continue to see a high value in homes that are well cared for with a seller who has realistic expectations.  This is the type of home that IS selling. 

The East Valley just last week dipped below 12 months of inventory.  In a normal, balanced market we carry an average of 6 months worth of inventory. 

There was 15.7 months worth of inventory in the East Valley during the last week of October, 2007. We have experienced a gradual reduction in that inventory most noticeably over the last 4 weeks and this could be confirming that we have finally hit bottom.  If so, we should notice a plateau over the upcoming months with a gradual return to normal appreciation.  Good news for homeowners in the East Valley!

For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite. Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountain communities of Pinetop/Lakeside & Show Low.  Search the Arizona MLS.

There has been a flurry of buyer activity over the last 4 weeks.  I personally have sold 15 homes in the last 3 weeks.  4 of those sales were listings.  Of those 4 listing sales, 3 went under contract in less than a week on the market.

What does this mean?  Well, no crystal ball here, but I think things are definitely looking up.  Yes, there is still an overabundance of available homes on the market in the Phoenix Metro area, however, many of those are short sales and bank owned properties in need of repair.  So, sellers…if you have a home to sell and price it well.  It will sell.

 Now for today’s UGLY Home Marketing Photo……………..

Ugly garage seeking new owner…Well, NOW I want to buy this home.

For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite. Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountainscommunities of Pinetop/Lakeside & Show Low.  Search the Arizona MLS.

I was showing property to another couple from Canada over the weekend.  Their target price was a home under $250,000 in Chandler. 

72 listings came up that matched their search criteria.  It was interesting to note however, that of those 72 listings, over 60 of them were either short sale or lender owned!

A short sale can take up to 3 months for a decision to be made by the lending institution if preliminary work on the short sale has not yet been completed by the seller. For that reason, my buyers had already decided they would not be interested in a Short Sale property as they needed to know while they were in town whether or not their offer had been accepted. 

They decided to check out some of the lender owned, which can sometimes take awhile for contract acceptance, but as they are in town for 2 weeks, they wanted to investigate this option. 

The outcome of this investigation was not good.  Most of the lender owned property needed considerable work.  Most had missing appliances…ie.  all the built-in appliances had been removed.  Some properties were even missing the light fixtures and ceiling fans and open wires hung from the places where those fixtures had been removed.

My buyers decided lender owned properties were not going to work for them either.

What did this mean?  We had less than 12 properties that would even make the short list to be viable for consideration.  Which homes made the short list?  Those that were the nicest and the best priced.

 So, the question of the day is…how many homes are TRULY on the market for an average out of town buyer (which, I might add, are many of today’s buyers).  It’s obviously not as many as the media would have you believe.  Granted, there are more short sale and lender owned homes in the lower price ranges as this is the price range many of the investors bought into a few years back.  But there are plenty of homes listed as short sale and lender owned in price ranges up to $500,000.

If you are average Joe Seller, have a beautiful home and are willing to price it to sell (and I don’t mean give it away…just listen to your Realtor’s advice), the opportunity is still great especially at this time of year.  3 of my listings went under contract this week.  2 of them had been on the market less than 2 weeks.  Homes ARE still selling.  Your’s will too.

For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite. Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountainscommunities of Pinetop/Lakes & Show Low.  Search the Arizona MLS.

Chandler hit a benchmark 250,000 residents this month.  The 6 largest Arizona cities (population-wise that is) are Phoenix #1, Tucson #2, Mesa #3, Chandler #4, Glendale #5, Scottsdale #6. 

Chandler is now about as populated as St. Petersburg, Florida & Fort Wayne, Indiana.  Hip Hip Hooray! But wait…where’s the parade?  Where are the balloons?  Hmmm…  is this not good news?  At first I thought, no…not good news. I don’t really want to live in a “big city”.  But when I look around me and see all the great restaurants, shopping and entertainment venues, I realize I wouldn’t have these great amenities living in a town of 1000. 

 So Yippee!  We are the 4th largest city in Arizona!  Yes, Toto, we’re not in Kansas anymore.

I enjoyed my 1.20 minutes of fame today as I was interviewed by Sara Acevedo of Fox 10 News. (click to see the interview)

 The topic?  The Canadian buyers who are taking advantage of their strong Canadian Dollar and our weak real estate market.  There continue to be tremendous real estate deals in the Phoenix Metro area and Canadians are wisely snatching them up and paying cash. 

They are hitting the market at a perfect time as I have reported in my Weekly Real Estate Market Update, there has been increased buyer activity in almost every East Valley community over the last couple weeks.  If this activity continues, we will begin to chip away at our inventory which will help us return to a more stable real estate market. 

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For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite. Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakes & Show Low.  Search the Arizona MLS 

Chandler has arrived..or at least the first bus route south of Pecos Road has.  Beginning this summer the first bus route will start on Dobson Road & Ocotillo with more routes to follow. 

The first route will begin in July and will run north to Riverview at the Red Mountain Freeway in Mesa.

Chandler’s Transportation Services Manager, Mike Normand announced to the Neighborhood Advisory Committee this week that Chandler can expect big increases in transit options and funding over the next few years.  This is great news for a wonderful community that was lacking mass transit.

 The next new route is planned for 2010 and will run on Gilbert Rd.  This route currently ends at Chandler-Gilbert Community College and passes through Gilbert and Mesa.  The new extended routh will continue south to Riggs Rd then east to Basha High School on Val Vista Drive.

In 2011 bus service will begin on Arizona Avenue in South Chandler and on Alma School in 2013.  Both lines will run to Ocotillo Rd and more lines will be added as the need arises.

By the end of this year, a park and ride lot will be completed at Tumbleweek park and the city has plans for another park and ride lot close to Snedigar Sportsplex next to the new Fulton Ranch Shopping Center on Alma School between Ocotillo and Chandler Heights.

 For more information about bus transportation in the city of Chandler visit the transportation website at http://www.chandleraz.gov/default.aspx?pageid=457

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For more Information visit Chandler Arizona Real Estate.  This information was provided by Amy Jones, a multi-million dollar top producing Realtor with RE/MAX Elite. Amy specializes in residential, vacation homes & cabins, as well as retirement communities in the communities of Ahwatukee, Chandler, Fountain Hills, Gilbert, Maricopa, Mesa, Paradise Valley, Queen Creek, Scottsdale, Sun Lakes, Tempe and the White Mountains communities of Pinetop/Lakes & Show Low.  Search the Arizona MLS