Chandler Home Values, Finally a Reset?
May 11th, 2009
Categories:Real Estate News
According to the Cromford report, their data shows Chandler homes are selling at early (and slightly below) 2004 prices, (in terms of price per square foot). The image below shows the data as it is represented by Cromford.
A Break Down Line by Line:
- Blue (2004) – Notice the uptick in prices from February to December
- Green (2005) – From January to November the prices skyrocketed
- Red (2006) – The market was surprisingly stable for the first 3 months, before becoming erratic through July and then dropping
- Purple (2007) – Again the market was stable at first, then it became erratic and prices began falling
- Olive (2008) – This year showed a very steady and consistent drop in prices
- Orange (2009) – Chandler home prices have been dropping at a steady rate up until mid April when the price per sqft values dipped just below 2004 prices, which would give you the impression the Chandler housing market has done its “reset”
- 2004 to 2006 Avg $/sqft stats for Chandler AZ
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