From 2013 to 2014, Gateway Ranch located in Gilbert, AZ saw some interesting things happen year over year. In 2013, Gateway Ranch saw average house sell for $111 sq ft and average house sell for $307,162. In 2014, Gateway Ranch saw a decrease in house sold to $289,200, but saw the average price per square foot jump to $129.26. The average square footage of a house sold dropped from 2819 sq ft to 2307 square feet in 2014.
| 2013 | 2014 | % change | |
| Average price of house sold | $307,162 | $289,200 | -5.8% |
| Median Price | $280,000 | $255,000 | -8.9% |
| Average Price per Sq Ft | $111.97 | $129.26 | +15.4% |
What does this mean for Gateway Ranch in Gilbert? Gateway Ranch saw a decrease in the average house sold in 2014, but saw an increase of 15.4% in price per square feet per house sold! Many sellers are still seeing a good amount of equity in their homes based on square footage price and buyers are not being priced out of a great neighborhood, which is great news for both. Buyers are also seeing more value in smaller homes, which can prove optimal for homeowners in the summer having lower electric bills.
Gateway Ranch is a popular location for many to settle into because of its proximity to the loop 202, San Tan Mall, and a plethora of restaurants to chose from!
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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