Gilbert AZ Housing Market Trends January 2015 Market Update and Statistics

Median Sold Price (Single Family Homes) in Gilbert (by zipcode)
January 2014 – January 2015

Gilbert AZ January 2015 Real Estate Housing Market Trends Highlight:

• Active Listing (Inventory) has Increased 4.5% from December 2014
• Number of Homes sold has Decreased 33.9% from December 2014
• Median Sold Price remain the same as December 2014, which is $256,000
• Average Sold Price has Increased 2.5% from December 2014
• 80% of Single Family Homes sold are Traditional Sale
• Most Expensive House Sold in Gilbert January 2015, sold at $1,490,000 in Seville click here to view
• Observation: Leading towards Buyer Market
  • Buyer has more negotiation power to buy
  • Seller has to price competitively to sell

Gilbert Real Estate Housing Market Trends January 2015 Market Update & Statistics

* Active Listing as 2/6/15
** Price/SQFT as 2/19/15
source armls. Information is deemed to be reliable, but is not guaranteed

Here are Gilbert AZ Real Estate – Single Family Detached Home statistics for January 2015. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Gilbert AZ provided by the FlexMLS system.

Closed Sales Report Analysis:
Sellers:
Traditionally December is a slow month in real estate as holidays session approach. We saw a 33.9% decrease in the number of closed sales in January 2015 compared to the prior month. The statistics show that we had 253 residential Single Family Detached Homes sold in January in Gilbert AZ compared to 377 in December. This compares to 268 closed sales in January of last year. In today’s market sellers need to continue to be diligent in pricing and staging their homes, as we are no longer in a seller’s market. We are now more on Buyer’s Market.

Buyers:
In our shifted market, buyers are continuing to buy – Buyers want to take advantage of this amazing market due to low interest rates, several available financing options available, increased inventory, and more traditional sales from which to choose, where 80% of homes sold in January are traditional sale. The Buyer’s Market that we are in now means Buyer has more negotiation in price and Seller’s concession.

Average Sold Price Analysis:
Sellers:
January 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $293,055. This Average Sold Price has increased 2.5% from December 2014. It is very important for sellers to pay attention to this change and monitor this statistic to ensure that they remain competitive in the market.

Buyers:
This statistic is an indicator that buyers pay more for homes than they have in the past 12 months, as January 2014 average sold price was $276,932. Educated and savvy buyers understand that a competitive market gives them fewer options for home choices – even when inventory increases. Although this may vary from zipcode to zipcode and from price range to price range, buyers need to make sure they are fully informed regarding the specific market in which they have an interest. This will give them the best chance of being competitive when making an offer.

As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.

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Selling your home in Gilbert AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Gilbert AZ Home Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market.

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If you are looking to buy or sell your home in Gilbert AZ, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.