Gilbert Arizona Real Estate Market Report August 2011
Homes Sales in Gilbert Arizona
By looking deeper into the year to year stats of homes sales in Gilbert AZ you will see big changes from August of 2010 to August of 2011. The real estate market is alive and well in Gilbert, Arizona.
Active Listings are Down by 39%
Pending Sales are up by 12%
Closed Sales are up by 31%
We all know the media likes to 'take a bite' on any negative piece of news to make it appear as if the real estate market is doom and gloom. It is not! We expect sales to continue on a upward trend this next year due to low home prices and low interest rates.
Many Gilbert Arizona homes have had multiple bids if they're priced right, in good condition and in a good location. There are still bank owned and short sales and some traditional sales.
My advice to buyers is that if you find the home you like, and the comparables prove to be in line with the market, don't wait to make your offer - if this truly is your dream home or a hot investment property that fits into your portfolio. It may take a few bids to finally win a bid on a home but in the long run it's worth the effort. Patience will pay off.
And of course if you're looking for a hard working, dedicated real estate agent that knows the Gilbert, AZ real estate market and knows how to navigate multiple bids - give me a call.
Let's meet for coffee and discuss your game plan.
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