Markwood Chandler AZ Sees 18% Downtick in Houses For Sale

By the end of August 2015, the Markwood subdivision in Chandler posted 50 active listings so far this year. The 300,000-399,999 price range saw one of the highest numbers of residences for sale with 32 units listed. In comparison to the same period one year ago, which showed 61 houses for sale, Markwood saw an 18% decline in the overall amount of active listings, a year-over-year net fall of 11 properties. The year-to-date average active list price posted a gain of 6.1% when compared to the same reporting period a year ago, reaching $386,097. Residences for sale are taking less time to sell this year on average. When compared to this reporting period in 2014, the cumulative days on market (CDOM) for active houses for sale in Markwood was 64 days, a drop of 39.6%.

Residential Sales Post 4% Decrease. Markwood reported a total of 24 homes sold year to date through August 31, 2015, and the average sales price of $364,671 saw a gain of .9% above the average price of $361,570 from the same period one year ago. The total amount of sold listings in Markwood reported a 4% decline from the same time period a year ago, which reported 25 sold homes, a year-over-year net reduction of 1 sale. With 14 homes sold year to date, the 300,000-399,999 price range reported one of the highest numbers of sales.

Sam Lawmaster is a Chandler real estate agent specializing in residential listings. Statistics supplied by ARMLS and deemed reliable but not guaranteed; percentages rounded. For the most recent Markwood real estate market info or to obtain a free no obligation evaluation of your home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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