Homes for Sale in Gilbert, Arizona under $200,000

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

Since the economic recession Gilbert, Arizona has seen home prices steadily increase. This has been a positive sign for homeowners as very few mortgages are left underwater. The negative aspect of home values increasing is the decreased affordability that comes along with those gains. 

First time home buyers and others looking to call Gilbert, Arizona their home town are finding it increasingly difficult to locate a suitable property under the $200,000 price point. There have already been 524 single-family homes, 141 townhomes, 9 patio homes, and 22 apartment style homes sold below $200,000 in Gilbert so far in 2015. The size of home a buyer can get for that price in Gilbert has also decreased. At the beginning of 2015 for under $200,000 a buyer could have gotten a home size in the range of 1,600-1,900 square feet. As prices have increased throughout the year a potential buyer may have to choose a home as small as 1,100 square feet in size if their budget only allows them to purchase up to the amount of $200,000. 

Gilbert was recently voted the Second safest city in the entire Country and was also in the top ten for projected job growth in 2015. Our A+ rated school district and central location make this an extremely desirable place to live. 

The good news for potential home buyers who are working with a limited budget is that the busy Summer season is behind us. Home prices will start to slightly recede during the Fall and Winter months as there aren't as many buyers in the market. This puts downward pressure on sellers to start reducing the price of their home so that they might be able to capture one of the coveted few home buyers looking to purchase during this time of year.

Click HERE for a list of Homes for Sale in Gilbert, Arizona under $200,000. 

Let the Gilbert, Arizona real estate experts at Zion Realty help you through the process of purchasing or selling your next home in Gilbert, Arizona. Contact us today at ZionRealtyAZ.com

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Topic:
Home Selling
Location:
Arizona Maricopa County Gilbert
Groups:
Arizona Homes
Posts to Localism
Moving to Arizona
Gilbert Arizona Real Estate
Tags:
arizona
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zion
nicole doty

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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Nicole, I just clicked the link and was amazed at how many of these homes look really nice!  Here, the prices are just nuts.

Oct 23, 2015 08:22 AM #1
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Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Nicole - Great analysis of what's going on with affordable homes in Gilbert. We're seeing the same thing, except that our inventory under $200k has pretty much disappeared.

Oct 23, 2015 08:23 AM #2
Rainmaker
863,526
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Very perceptive insight into your local market. It is nice to still find homes under $200k. Buyers opportunity increases as we approach the end of the year...Dare I say...end of year sale?

Oct 23, 2015 08:31 AM #3
Rainmaker
1,675,316
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Nicole Doty - Gilbert Real Estate Expert , You make it convincing that they need to call you, if they want to find a home that is right for them.

Oct 23, 2015 10:28 AM #4
Rainmaker
1,728,464
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

That's a great price range for your area Nicole Doty - Gilbert Real Estate Expert ....I bet you have already received calls from this one!

Have a great night!

Oct 23, 2015 11:54 AM #5
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Nicole and there are some great looking homes in your communities for under 200K 

Oct 23, 2015 12:29 PM #6
Rainmaker
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David Shamansky
US Mortgages - David Shamansky - Highlands Ranch, CO
Creative, Aggressive & 560 FICO - OK, Colorado Mtg

Hey Nicole you are very fortunate to have a good amount of inventory at very favorable prices

Oct 23, 2015 03:07 PM #7
Rainmaker
2,240,306
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nicole. It sounds like lots of options for first time home buyer, in many cases, owning will be less costly than renting. Well done report.

Make it a great weekend!

Oct 23, 2015 08:03 PM #8
Rainmaker
3,780,573
Dorie Dillard CRS GRI ABR
Coldwell Banker United Realtors® ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

Good morning Nicole Doty - Gilbert Real Estate Expert ,

You are smart to market to this group. There are so many buyers in this price range just hoping to find the perfect place to call home. There certainly appear to be lost of options for these home buyers in your area!

Oct 24, 2015 12:02 AM #9
Rainmaker
3,274,434
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hi Nicole -- this is an elusive price range in our market but I like the way you approach this subject by letting prospective buyers know what they can expect for under 200K in Gilbert AZ real estate.  Nicely done.   

Oct 24, 2015 12:11 AM #10
Rainmaker
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Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

You list some GREAT reasons to move to Gilbert Nicole Doty - Gilbert Real Estate Expert but I can't think of a better one than the fact that YOU live there.

Oct 24, 2015 02:17 AM #11
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

Boy that price point is a far cry from a couple of years ago. I love recoveries Nicole Doty - Gilbert Real Estate Expert 

Oct 26, 2015 02:31 AM #12
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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