Riggs Ranch Meadows Chandler AZ Home Sales Report 78% Rise

The Riggs Ranch Meadows neighborhood in Chandler AZ recorded a total of 16 houses sold year to date through the month of August 2015. The average sales price of $363,918 posted a reduction of 10.7% below the average price of $407,297 from this time range a year ago. When compared to the same time range during 2014, which showed 9 sold homes, Riggs Ranch Meadows reported a 77.8% increase in overall number of sold listings, a year-to-year rise 7 sales. The 300,000-399,999 price bracket posted one of the greatest numbers of completed sales this year at 12 closed transactions.

Listings Record 45% Gain. Through the month of August 2015, Riggs Ranch Meadows showed a total of 29 active houses for sale so far this year. The 300,000-399,999 price range posted one of the greatest numbers of homes for sale with 18 properties. Compared to the same period during 2014, which showed 20 for sale properties, Riggs Ranch Meadows reported a 45% advance in the overall active residential listings inventory, a year-to-year net rise of 9 homes. The area's average active listed price year to date recorded a net reduction of .5% compared to this reporting period last year, coming in at $393,307. The cumulative days on market for active homes for sale in Riggs Ranch Meadows was 127 days through August 31, a 139.6% gain from the average compared to the same period a year ago. Listings are taking longer to sell this year on average.

Sam Lawmaster is a Chandler real estate agent specializing in residential listings. Market statistics courtesy of ARMLS and deemed reliable but not guaranteed; percent changes rounded. For the most recent Riggs Ranch Meadows real estate info or to request a free evaluation of your home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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