In the month of August, Gilbert saw the average price of a home hold steady with a slight increase from $288,288 in July to $289,166. July was the first month we saw a dip in prices from the red hot summer months, but August numbers were a good indication that the prices should hold steady for the next couple months as we move into the fall months. Gilbert also saw a slight decrease in home size, but average price per square foot increase to $135/sq ft.
| Average Price Sold | Average Sq Ft | Average Price/Sq Ft | ||
| July 2015 | $288,288 | 2225 Sq Ft | $131/ Sq Ft | |
| August 2015 | $289,166 | 2174Sq Ft | $135/ Sq Ft |
What does this mean? For buyers looking in Gilbert, prices of homes are beginning to settle down from the usual summer increases from higher summer demands and thus buyers will obtain a better value on their dream home. If you are considering buying, now is time to consult a professional to explore your options of purchasing a home in Gilbert.
Gilbert still remains a highly desired area to live in and homes remain a premium in the area. Sellers received 98% of the listing price in August once the home closed. Sellers should consult a real estate professional for a complete market analysis that will take into consideration these recent facts and figures to determine what your home is valued at and establish a great marketing plan.
Mark Wagner at markwagner.zionrealty@gmail.com.
Fax: 480-302-5884
Comments(1)