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The Gilbert Luxury Homes market has become quite favorable priced compared to last year. In the first six months of 2009 there were 59 Gilbert luxury homes sold, compared to 55 this year. The luxury homes market is considered to be less influenced by investors and general market trends. Luxury homes in this market would be defined as homes listed for more than $500,000.
There was an unusually steep decline in $/ sq.ft.. Gilbert luxury homes in 2009 was $150 / sq.ft. compared to $135 / sq.ft. for 2010. Selling time has also shown strain ....197 days vs. 233 for the same time periods.
The Gilbert Luxury homes market is clearly suffering from the many foreclosures and short sales which are now starting to put a damper on the high end market. It is a longer recovery cycle in housing then was previously expected. On the other hand, the boom was also unprecedented.
For the upward mobile these are certainly good times to be home hunting. The difference in dollar value in a 'home upgrade' hasn't been this narrow in a long time.
The high end luxury home market is special and very demanding. Working together with clients at this level requires a professional discretion and comprehension exceeding what is normally required. We are measured to the highest of ethical standards and are completely committed to the privacy and confidentiality of all our clients.
The Gilbert Luxury Homes segment requires contacts and experience on many levels. We combine this with in-depth knowledge and feel confident that you will be more than pleased with our personalized service.
Most Gilbert luxury homes are shown by appointment only.
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