AGENT MLS HOME FINDER

Chandler real estate is linked to the larger trend of the Phoenix metropolitan area as well as the rest of Maricopa County. Chandler is facing mixed messages, starting with a drop in real estate prices for December 2009. According to a February 5, 2010 article in DQ News, “Sales of existing homes in the Phoenix region (including Chandler) rose to the highest level for a December in four years as home price measures trended lower and investor activity rose. The percentage of sales involving a foreclosure held steady after declining for eight consecutive months, a real estate information service reported.” The article, republished in the NuWire Investor, continued to note that “In December, 52.2 percent of the houses and condos that resold had been foreclosed on in the prior 12 months, the same as in November but down from 61.9 percent in December 2008.”

Owners of Chandler homes for sale are particularly imperiled by property values, which continue to fall while property taxes rise. This was noted by a February 14, 2010 article in the Arizona Republic, which found that “Most Maricopa County homeowners will see another significant decline in their homes’ value when they open their 2011 property-assessment notices in the next few days. But property taxes for the coming year still may go up as the state, cities, and school districts struggle to close huge budget deficits…During 2009, the overall median value of homes in the county fell 15.2 percent, from $155,300 to $131,700…”

One particular example of both trouble and hope facing Chandler homes for sale was recounted in a February 19, 2010 article in the Arizona Republic, which followed the progress of a housing project. The article, composed by Luci Scott, found that “Desert Viking, the developer of a big townhome project in downtown Chandler, has resumed construction after receiving a $10.2 million loan from Wells Fargo. Work stopped last summer…Chandler is seeing an uptick in home-building activity, more than in some other areas, giving rise to the idea that Chandler may climb out of the recession sooner than other parts of metro Phoenix.”