Just Sold: Swee Ng has sold a listing in Gilbert AZ Under List Price
Gilbert AZ real estate agent Swee Ng at Keller Williams Realty Sonoran Living helped in the purchase a home in Lago Estancia, one of the waterfront community in Gilbert AZ for under listing price.
This 4 Bedrooms, 2 Bathrooms single level home in Lago Estancia Gilbert AZ 85233 is measured at 2,014 sq/ft. It was original listed at $269,000 and was sold by Swee Ng at $255,000. It was on the market for 32 days.
Lago Estancia, Gilbert AZ 85233
Lago Estancia is one of the waterfront communities in Gilbert Arizona is located at the heart of Gilbert AZ in zipcode 85233. Homes in Lago Estancia were built in early 1990 and ranging from around 1,200 – more than 3,000 sq/ft. Lago Estancia community features walking/biking path along shoreline, tot-lots and green space. Residents in Lago Estancia enjoy near by shopping, restaurant and other amenities and minutes away from Downtown Gilbert Heritage District.
The Median Listing Price in Gilbert AZ 85233 is $276,710 and Median Days on Market is 52 days. The number of active listings (inventory) in Gilbert AZ 85233 has increased by 22.9% from the previous month. There are currently 195 homes for sale in this zipcode.
The Median household income in Gilbert AZ 85233 is $76,610 with 610 households earning between $35,000 to $40,000 annually. The largest income bracket for Gilbert AZ 85233 is the income bracket of $50,000 – $75,000?follow by $25,000 – $50,000.
For the zip 85233, 21.53% of the people have completed a Bachelors Degree as their highest education level. 11.36% has completed Associate Degree and 26.38% has completed some college.
The month of August 2014 we saw a 14.0% decrease in the number of closed sales compared to the prior month. The statistics show that we had 398 residential Single Family Detached Homes sold in August in Gilbert AZ compared to 463 in July. This compares to 382 closed sales in July of last year. “Based on current market data, we are now in Buyer’s market, home sellers need to be diligent and price competitively when selling”, said Swee.
In Buyer’s stand point, Buyers may want to take advantage in our shifted market. Buyers want to take advantage of this amazing market due to low interest rates, increased inventory, and more traditional sales from which to choose. “The Buyer’s Market that we are in now means Buyer has more negotiation in price and asking for Seller’s concession”, added Swee.
About Gilbert AZ:
Gilbert is a town located at southeast of Phoenix. Gilbert has grown at an extremely high rate, increasing in population from 5,717 in 1980 to today about 230,000. Gilbert is named #1 Best Cities for Working Parents (Nerdwallet 2014), #20 Best Place to Live in America (24/7 Wallstreet 2014) and #22 Most Livable City (Money Magazine 2014).
If you are looking to buy or sell your home in Gilbert AZ, we hope you will consider us. Contact us today for complimentary consultation.
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