June 2015 Market Report - How much is my Gilbert, AZ Home worth?

By
Real Estate Broker/Owner with Zion Realty
https://activerain.com/droplet/4Gnh

Sold to List Ratio in Gilbert, Arizona June 2015

 
Real estate market data for Gilbert, AZ provided by Nicole Doty of  Zion Realty.

 

Every home owner wants to know how much their property is worth. Prices have long since stabilized for the most part here in Arizona and the dramatic shifts in upward and downward pricing have largely ceased. Bidding wars are few and far between and are only reserved for those most sought after locations around the Valley where properties rarely come available. But what can a home owner expect to get from their Gilbert, Arizona home? The current Sold to List ratio for June 2015 shows that home owners are getting 97.3% of their asking price. This is a moderate increase from May when home owners were getting 97.1% of their asking price. Other than the miniscule drop from February to March of 2015 this Sold to List ratio has seen a steady gain since the beginning of the year and does not show any signs of plateauing.  

 

The Sold to List price average is at it's highest level in the past year which shows a strong and stable real estate market here in Gilbert, Arizona. This is also a good reminder to sellers that although you can list a home for sale at whatever price you feel is fair, the free-market will dictate what the home is worth. Ultimately, a home is only worth what someone is willing to pay for it. There are certainly homes that get offers at the full listing price but on average most home owners are only getting close to the 97% ratio shown in this latest graph. Conversely, this is also a good reminder to buyers that sellers are getting the majority of their asking price so low-ball offers are not only being roundly rejected but are completely unrealistic in today's stable market. We are getting close to the end of the busy and competitive Summer Arizona real estate market. However, the Gilbert housing market has been steady all year so a drop in the Sold to List ratio would be a surprise the closer that we get to the Fall and Winter real estate market slow down. There has been a big influx of buyers that have jumped in to the market causing increased competition and with increased competition comes higher, more competitive offers. 

 

Find Homes for Sale in Gilbert AZ

 

If you need more information on homes for sale in Arizona or to find out what your current home is worth contact us through our website at ZionRealtyAZ.com.    

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Ambassador
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 That pretty much puts a damper on those who make a living out of listing expires properties in your area Nicole Doty - Gilbert Real Estate Expert 

Jul 20, 2015 10:35 AM #1
Ambassador
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Jim Crawford
Crye-Leike REALTORS® - Atlanta, GA
Jim Crawford Atlanta Best Listing Agents & REALTOR

Nicole Doty - Gilbert Real Estate Expert The market report you offered is a great break down for buyers and sellers alike.  Thanks for taking the time to share!

Jul 20, 2015 10:36 AM #2
Rainmaker
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Rob Thomas
Prestige Homes of The Tri Cities, Inc. CALL....423-341-6954 - Bristol, TN
Bristol TN-VA & Tri Cities Agent, ABR, GRI, e-Pro

Very nice Nicole Doty - Gilbert Real Estate Expert ....you keep everyone up to date on your area!

Have a great night!

Jul 20, 2015 12:16 PM #3
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

There you go, getting all business like and technical on me.....

Jul 20, 2015 10:10 PM #4
Rainmaker
1,518,592
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Nicole, great job on your Gilbert AZ market report. You let sellers and buyers know what the numbers mean for them and that shows you know your market, not just the numbers. Great report!

Jul 20, 2015 11:02 PM #5
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Paul - There are not a lot of those lately!

Jim - Thanks Jim. I hope your market is doing well!

Rob - You do the same thing for your market!

Roger - Sorry. I'll go back to being sarcastic and snarky now. 

Amanda - The numbers are a living, breathing, changing creature. We have to keep up on them and know what they mean. 

Jul 21, 2015 02:05 AM #6
Rainmaker
5,310,050
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Home sellers will be in good hands when they select you as their listing agent.

Jul 21, 2015 03:09 AM #7
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Roy - Thanks Roy, I think so too! 

Jul 21, 2015 07:33 AM #8
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Rainmaker
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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