How much is a Chandler swimming pool worth? How hot is Chandler, Arizona? Well, this week it hit 116 degrees according to the digital sign at Riggs Road and McQueen. When it is this toasty, there is only one thing to do. Find a house with a pool oasis in the backyard. See Chandler homes with pools.
I am often asked the same question about pools which is “How much does a swimming pool add to the price of the house?” So, I started thinking about swimming pool values. Just how many homes for sale in Chandler have a pool? How many of them are heated for the cold winter Arizona mornings?
I did some research about the market for homes in Chandler with a pool. Here are the results.
There are currently 444 homes with pools that are actively listed in the Chandler market. There are 564 homes without pools. Only 60 of the 444 swimming pools are listed as diving pools; 153 are shown as play pools. There are 72 Chandler houses with heated pools currently for sale.
The average asking price of a home in Chandler without a pool is $316,309. Homes with pools have an average asking price of $491,179.
The value of a pool may appear to be a whopping $174,870, which the difference between the homes with and without pools. This is somewhat deceiving as it does not take into account other factors such as that homes with pools are on average about 40% larger than those without. The homes with pools tend to also be located in more expensive neighborhoods.
It is necessary to compare homes that are of similar size and located in the same neighborhood to better determine the value of pools. I adjusted for these factors and averaged the results over four communities.
Value of a Swimming Pool
- Lagos Vistoso – Pool added $71,560
- Ocotillo – Pool added $122,717 (this may be higher than other subdivisions because some of the homes with swimming pools in Ocotillo are also on a lakefront lot)
- Fulton Ranch – Pool added $75,779
- Cooper Commons – Pool added $65,017
“Based upon the information analyzed, a Chandler home with a swimming pool results in an asking price that is on average about $83,768 more than that asked for a similar house with no pool.” *
For a personal tour of Chandler homes with cool pools please contact Christine Huebsch at 602-527-1922.
*Based upon four subdivisions located in South Chandler