Home Prices in Gilbert AZ July 2014
Real estate market data for Gilbert AZ provided by Joan Howard of Solutions Real Estate
Gilbert AZ Home Prices
We have seen months of listing price increases on home prices in Gilbert AZ July 2014 and don’t expect things to slow down anytime soon. If you are considering buying a home you can still find deals on a house in Gilbert but having a good real estate agent who understands the market is a must. Don’t wait on the sidelines for too long, many of our listings are starting to sell within a few days of hitting the market. As you can see from the graph below, listings are not selling exactly for asking price. To make sure you don't overpay for your home, you'll want to have an agent that does a thorough market analysis of the Gilbert home on which you are making an offer.
If you are interested in how much current inventory is on the market in Gilbert AZ July 2014 you can find that information by clicking on the link. High inventory will suggest that homes are sitting on the market for longer. Currently in this area of Gilbert, homes have a median time of 94 days on the market before they sell. This would suggest that buyers are in a great position to make an aggresive offer on a home. Sellers should make sure to price their home near the market value if they expect to get an offer from one of those interested buyers. Low inventory in Gilbert has multiple offers coming in on homes similar to what we saw back in 2007. I wouldn't expect home prices to run up quite as fast as they did back then as banks have gotten a lot stricter on lending guidelines and are no longer giving a loan to anyone with a pulse. But low inventory is one indicator that prices should continue to rise.
The median list price in July for single family homes in Gilbert is $354,695. Average Days on Market is at 94.
The price per square foot for listings in this area is $127.
In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller's Market.
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