Saguaro Canyon Chandler Posts 41.9% Decrease in Home Prices

The Saguaro Canyon neighborhood in Chandler AZ had a total of 14 residential home sales year to date through August 31, 2015. The average closed sales price of $325,521 fell 41.9% below the average price of $560,146 from this reporting period one year ago. The overall amount of sold residential listings in Saguaro Canyon reported a 7.7% increase compared to the same reporting period one year ago, which showed 13 home sales, a net advance of 1 sale. The 300,000-399,999 price bracket had one of the greatest numbers of sales this year with 6 completed purchases.

Houses For Sale Prices Post 31.2% Downturn. As of August, Saguaro Canyon saw a total of 30 active for sale homes in 2015. The 250,000-299,999 price category had one of the largest numbers of homes for sale with 10 properties listed. The overall amount of active residential listings in Saguaro Canyon had a 6.2% decrease from the same reporting period in 2014, which posted 32 for sale homes, a year-over-year decline of 2 listings. The area's year-to-date average active listed price recorded a decrease of 31.2% from the same time range in 2014, falling to $354,713. The average days on market for active listings in Saguaro Canyon was 56 days through August 31. This is a 35.6% reduction from the average in comparison to this period a year ago. Residences for sale are requiring less market time this year on average.

Sam Lawmaster is a Chandler real estate agent who specializes in residential listings. Info provided by ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most current Saguaro Canyon real estate info or to obtain a free no obligation evaluation of your current property, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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