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Market Report - Listing Prices in Gilbert, AZ - October 2016
Listing Prices in Gilbert, Arizona October 2016
Real estate market data for Gilbert, AZ provided by Nicole Doty of  Zion Realty.
We've got a little bit of a mixed bag of results from October's housing numbers here in Gilbert, Arizona. On some accounts it looks like the busy Summer buying season is still in full swing. However, other indicators have the market beginning it's annual Fall and Winter slowdown. Let's first break down the numbers. The average Active median list price for a home in Gilbert for the month of October 2016 was $345,000 which is surprising increase from the previous month and the third straight month in which this statistic showed an increase or remained neutral. Sold home values experienced a decrease down to $280,000 which is almost a $10,000 drop. New homes being put up for sale also saw an increase up to $309,500. 
So what do these numbers mean if you are a current homeowner in Gilbert or you wish to become one? The busy Summer selling season should be winding down but there are still signs of buyers and sellers remaining active. Each year, it usually takes sellers longer to adjust their prices based upon the decrease in buyer traffic. Over the Fall and Winter you will generally begin to see housing prices begin to decline until next ... more

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