Sunstone Chandler AZ Shows 50% Drop in Active Listings

As of August 31, 2015, the Sunstone development in Chandler Arizona has seen a total of 19 actively listed for sale houses so far for the year. At 14 residences for sale the 100,000-119,999 price bracket posted one of the highest numbers of properties. The overall active residential listings inventory in Sunstone showed a 50% drop when compared to this reporting period in 2014, which reported 38 homes for sale, a year-to-year decrease of 19 homes. The area's year-to-date average active listed price recorded an advance of 12.0% from this period a year ago, increasing to $110,042. The cumulative days on market for active for sale homes in Sunstone was 31 days through August 31, which is a 27.9% fall from the average compared to the same time period one year ago. Listings appear to be taking less days to sell this year on average.

Houses Sold Post 22% Decrease. Sunstone posted a total of 18 properties sold year to date through the month of August 2015 as the average price of $104,988 increased 9.3% from the same period last year. When compared to the same time range one year ago, which had 23 homes sold, Sunstone experienced a 21.7% fall in overall amount of sold residential listings, a year-over-year decrease 5 sales. With 11 home sales year to date, the 100,000-119,999 price bracket recorded one of the highest numbers of closed transactions.

Sam Lawmaster is a Chandler real estate agent specializing in residential listings. Information supplied by ARMLS and deemed reliable but not guaranteed; percent changes rounded. To receive current Sunstone real estate info or to request 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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