From 2013 to 2014, Arbor Walk located in Gilbert, AZ saw some good things happen year over year! In 2013, Arbor Walk Condomininums saw average condo sell for $111 sq ft and and average condo sell for $145,263. In 2014, Arbor Walk saw a slight increase in a condo sold to $147,662, but also saw the average price per square foot jump to $120.04.
In 2014, Arbor Walk saw the median price of a condo dip slightly at $145,750 from $149,900 in 2014.
| 2013 | 2014 | % change | |
| Average price of condo sold | $145,263 | $147,662 | +1.65% |
| Median Price | $149,900 | $145,750 | -2.76% |
| Average Price per Sq Ft | $111.62 | $120.04 | +7.5% |
What does this mean for Arbor Walk Condominiums? Arbor Walk has seen a slight increase in the price sold per unit while the median took slight dip. The reason for this is many of the units sold in 2013 averaged over 1300 square foot versus a little over 1200 square feet in 2014. More condos in Arbor Walk are getting higher price per square feet, which means more equity for home owners, while buyers are not being priced out of the neighborhood. This is great news for both buyers and sellers as it seems Arbor Walk in Gilbert is getting back to a more stable market for both.
For more information about Real Estate in Gilbert, Arizona or Chandler, Arizona visit our website at zionrealtyaz.com or follow us on twitter @zionrealty
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