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

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

Sold to List Ratio in Gilbert, Arizona September 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 September 2015 dipped below 97% which shows a slight decrease from August. This was a moderate decrease and not at all unexpected for this time of year. Other than the small drop from February to March of 2015 and again from June to July this Sold to List ratio has seen a steady gain since the beginning of the year.

The Sold to List price average is still 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. The Gilbert housing market has been steady all year so a dramatic drop in the Sold to List ratio would be a surprise as we head in 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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Topic:
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Arizona Maricopa County Gilbert
Groups:
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Posts to Localism
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Gilbert Arizona Real Estate
Tags:
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Rainmaker
1,902,563
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Hi Nicole.  always enjoy viewing information on other locations.  Tks for sharing.

Oct 19, 2015 07:58 AM #1
Rainmaker
863,526
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Great reminder for sellers that the market is what dictates the market value of their house.

Oct 19, 2015 07:59 AM #2
Ambassador
2,755,848
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Nicole - That's a very useful measure for taking the temperature of a market, and gives a good sense of what buyers and sellers can expect. Nice!

Oct 19, 2015 09:32 AM #3
Rainmaker
3,246,897
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nicole

The sale price vs the list price at about 97% shows an active real estate market in Gilbert Arizona.

Good luck and success.

Lou Ludwig

Oct 19, 2015 01:09 PM #4
Rainmaker
1,523,577
Sybil Campbell
Long and Foster REALTORS® 5234 Monticello Ave Williamsburg, Virginia - Williamsburg, VA
REALTOR® ABR, SFR, SRES Williamsburg, Virginia

Hi Nicole Doty - Gilbert Real Estate Expert, that is a great market report for Gilbert for the month of September.

Oct 19, 2015 01:32 PM #5
Rainmaker
1,518,392
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Nicole, great job explaining what the current market conditions are in Gilbert AZ. Buyers and sellers will find this post very useful.

Oct 20, 2015 12:40 AM #6
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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