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Market Report - Listing Prices in Gilbert, AZ - November 2015
Listing Prices in Gilbert, Arizona November 2015
 
Real estate market data for Gilbert, AZ provided by Nicole Doty of  Zion Realty.
 
The Gilbert, Arizona real estate market experienced the typical plateau that comes at this time of year. Active homes for sale flatlined at an average price of $320,000. This is still a significant increase from 2014 values when the average active list price from a year ago was $299,900. Sold listings experienced a slight decrease to settle in at an average of $265,000. This was a $3,000 drop from October's numbers. The biggest change was seen in the New listings category. New homes just coming on to the market for sale saw an increase in the asking price of over $15,000 as compared to October's values. 
So what do these numbers mean if you are a current homeowner in Gilbert or you wish to become one? Buyers and sellers are not on the same page when it comes to home prices and values. This can typically happen during the Fall and Winter months. Sellers can easily over-value their properties based upon the busy Summer month totals while buyers begin to pull back the reigns on their home spending due to the holidays. The gap between what buyers are willing ... more

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