Chandler, Arizona is one of Phoenix's hottest suburbs due to its convenient location and still-affordable home prices, which is creating a boom in the $300,000 range, say local Realtors.
"New home communities mixed in with older gorgeous homes," say Realtors Ron Wilczek and Catherine Ball. "Chandler is a highly desireable area due to its location within the valley. Mixed in with mature areas, are new home communities which are selling at lighting speed. It hosts the new Chanlder mall with virtually any type of department store and specialty store available. Chandler is convienent to freeways l0l and 60.
They add, "It is the consensus among most local real estate professionals that Phoenix and surrounding cities are very reasonably priced compared to most metropolitan areas. Major appreciation in the future is anticipated."
Agrees Realtor Rob Jones, "Right now is a great time to purchase a home or even property. Yeah, it is a little bit of a seller's market but with rates so low you still will pay less! Lenders are being very creative to obtain you as their client and that makes you the winner. Even if you have poor credit or self-employed, you still can find a great home for an excellent APR."
"As interest rates eased upward slightly for the first of May," say Realtors Bill and Duane Wiley, "South Chandler continues to be one of the hottest areas for home sales, with a number of homes already in the $300,000 price range. But overall, Chandler had the second lowest median price for used home sales in the East Valley last year and the second highest number of home sales, next to Mesa.
The Wileys explain, "The Arizona Real Estate Center at Arizona State University said 5,610 used homes changed hands at a median price of $162,000 in 2003. It's still affordable, because we still have some of the older homes as well. ZIP code 85249 has one of the higher numbers in growth and appreciation. Gilbert home sales sizzled, with 4,555 sales last year, a 33 percent increase from the previous year, which could be attributed to good schools and the wide availability of new homes. Other East Valley cities are built out or approaching it. Median values were also high, at $174,500, second only to Ahwatukee Foothills."
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Published: June 1, 2004
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