Gilbert AZ Housing Market Update August 2015

Gilbert AZ Housing Market Update August 2015 and Statistics

Gilbert AZ August 2015 Real Estate Housing Market Update Highlight:

Active Listing (Inventory) had Increased 13.7% from July 2015
August 2015 Average Sold Price in Gilbert AZ was $294,905, which almost the same as in July 2015
August 2015 Median Sold Price in Gilbert AZ was $264,000 and had Increased 0.4% from July 2015
96% of Single Family Homes sold in August 2015 are Traditional Sale
Most Expensive House Sold in Gilbert AZ on August 2015, sold at $1,500,000. click here to view

Here are Gilbert AZ Real Estate – Single Family Detached Home statistics for August 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.

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Gilbert AZ August 2015 Closed Sales Report Analysis:
We saw a 10.9% decrease in the number of closed sales in August 2015 compared to the prior month. The statistics show that we had 459 residential Single Family Detached Homes sold in August 2015 in Gilbert AZ compared to 515 in June 2015. This compares to 398 closed sales in June of last 2014.

Gilbert AZ July 2015 Average Sold Price Analysis:
August 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $294,905. This Average Sold Price had slightly increased 0.4% from July 2015. It is pretty close to previous month, as the most expensive home sold in August was $1,500,000 compare to $1,450,000 in July 2015. It is important for Seller and Buyer to refer to Median Sold Price instead of Average Sold Price. If there are multiples millions homes sold in particular months, the Average Sold Price will be high.

The statistic is an indicator that Gilbert AZ Housing Market is stable from the past 12 months, as August 2014 average sold price was $295,322. 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.

Swee Ng, Realtor and Gilbert AZ resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

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.

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Gilbert AZ Homes for Sale by Price Range:
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Gilbert AZ Homes for Sale $100,000 – $200,000
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Gilbert AZ Luxury Homes for Sale $500,000 – $750,000
Gilbert AZ Luxury Homes for Sale $750,000 – $1,000,000
Gilbert AZ Luxury Homes for Sale Over $1,000,000

Gilbert AZ Real Estate Deals:
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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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Gilbert AZ Housing Market Update August 2015 and Statistics

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