Home values in Gilbert, Arizona April 2015

Home values in Gilbert, Arizona April 2015

Real Estate market data for Gilbert Arizona provided by John Ferrin of HomeSmart Realty

Home values in Gilbert, Arizona

Gilbert Arizona Real Estate Report Summary April 2015

In April, there were 709 new listings that came on the market in Gilbert, AZ.  This is up over 10% from April of last year. Out of all of the homes that were on the market in Gilbert in April, 521 of them closed escrow. This is an increase of nearly 20% over april of 2014.

What does all this mean?  This means that the number of homes for sale on the market has increased. This is actually good news.

As a seller, if you were to list your house now, you would have more competition than say, 6 months ago, but higher inventory levels actually creates more of a balanced market.

As a buyer this is good news because, you have more options and more of a selection to choose from.

During the month of April, there were 1028 active listings in Gilbert.  The homes that did sell, spent an average of 73 days on market and closed for 97% of the original list price.

Home values in Gilbert, Arizona have increased over the course of the last 12 months but at a much slower rate than in previous years. The average list price in April 2015 for a home for sale in Gilbert Arizona was $285,913. This is an increase of only 3% over this same time period last year. The average sold price for homes for sale in Gilbert Arizona was $281,086 which is an increase of 3.5% from where prices were the same time last year.

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To learn more about home values in Gilbert Arizona, or to find out what your home is worth in today's market, email me or call me or text me at 480-458-7399