In the month of September, Gilbert saw the average price of a home hold steady with a slight increase from $289,166 in August to $293,584 in Septmeber. The average price per square foot decreased slighly from $135 sq/ft to $133 sq/ft, but saw the average home sell had 2225 square feet. Gilbert also saw a total of 454 homes close by months end. Gilbert also held steady at a 98% Sold to list price ratio.
| Average Price Sold | Average Sq Ft | Average Price/Sq Ft | ||
| August 2015 | $289,166 | 2174 Sq Ft | $135/ Sq Ft | |
| September 2015 | $293,584 | 2225Sq Ft | $133/ Sq Ft |
What does this mean? For buyers looking in Gilbert, prices of homes continue to settle down from the usual summer increases from higher summer demands. Many areas of the East Valley and Gilbert tend to see prices plateau in the fall months and remain at a slightly lower level than in the busy spring and summer months. Sellers in Gilbert can definitely take advantage of lower inventory and less competetion! In order to take advantage, sellers should consult a real estate professional to determine the market value of one's home and determine an appropriate marketing strategy. By listing at the correct price, sellers will have better success at keeping the days on market lower and more showings to potential buyers.
Gilbert still remains a highly desired area to live in and homes remain a premium in the area. Sellers received 98% of the listing price in September once the home closed.
Mark Wagner at markwagner.zionrealty@gmail.com.
Fax: 480-302-5884
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