Here is the most recent Gilbert Real Estate Housing Market Report for November 2020:
The average sales price of homes in Gilbert jumped back up in November, increasing over $10,000, and the price per square foot edged over the $200/sf mark. Days on market stayed the same as October (at 28 DOM), which is extremely low, and means that homes in Gilbert are still selling fast.
Gilbert home sales are way higher than in November of last year, up 18.9%. I believe this may have something to do with the COVID-19 pandemic extending the summer home sales season into the fall, and the continued high demand for homes in the Phoenix Metropolitan area. The number of new listings increased 8.5% from November of last year, which can only help with the lack of Gilbert homes for sale. The number of active listings still remains significantly lower than November of last year, at -29.2%.
The lack of listings continues to drive demand and home prices higher. Median home values in Gilbert have increased an average of 16.3% since November of 2019. With interest rates remaining around 3.0%, there still should be more buyers looking to purchase heading into the winter, which is typically not the case for this time of year.
Click on the following link to see all current Gilbert Arizona Homes For Sale.
For more detailed stats on the Gilbert Housing Market, just click on the image below. Then call/text me when you are ready to buy or sell your next home.
When you're ready to buy, sell (or both), or invest in East Valley real estate, reach out to me se we can put your plans into motion. With low mortgage rates leading the way, it's a great time to take advantage of your position in today's market.
If you're thinking of selling, many buyers will be eager to find a home just like yours due to the low inventory of available homes for sale. Reach out to me today to make sure you can get your house in on the action.
If you're thinking of buying a home, more homes are being listed for sale, and interest rates remain at historically low rates. Being a trusted real estate professional, I can answer your questions and help you determine your next steps.
Feel free to reach out to me if you have any questions about home buying, selling, or investing in the Phoenix Metro or East Valley areas. Just give me a call or text at 602-295-6807 and I will be glad to help.
"Real Estate is not just a job for me,
it's about making a difference in the lives of others"
Troy Erickson Realtor | Call/Text: 602-295-6807 | TroyEricksonRealtor@gmail.com
Troy Erickson has been blogging about Arizona real estate since 2006. He is a residential real estate agent who specializes in helping home buyers, sellers, and investors in Chandler and the East Valley. He has been recognized for his local market expertise, and frequently volunteers within his community.
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