Homes for sale in Gilbert, Arizona - October 2015 Market Report

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

Number of Listings in Gilbert, Arizona October 2015

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

 

The Gilbert, Arizona housing market is entering it's standard Fall and Winter slow down. Housing numbers in October showed a spike in houses listed for sale and a drop in closed transactions. There were 1,180 homes actively listed for sale in October which is almost 100 more than September but down more than 200 from October of 2014. There were 574 new homes listed in Gilbert for sale in October which is 41 more than September, however, there were only 355 homes that sold in that same period as compared to the 370 homes that sold in October of 2014. 

What do all these numbers mean for buyers and sellers? Any time you see a spike in available inventory and at the same time an exodus of buyers from the market, you will eventually start to see home values and prices come down. The Fall and Winter typically turn in to buyers markets and sellers will need to price their homes well in order to attract the few potential home shoppers who are still looking to purchase.  Gilbert, Arizona is still seeing a healthy level of available homes for sale and, for the time being, we do not have to worry about too many homes saturating the market puting downward pressure on pricing. However, if the amount of homes for sale continues to increase over the next few months, while more and more buyers leave the market then we will start to see some major price drops. Fall festivals and school activities in Gilbert can heavily distract both buyers and sellers this time of year. Once the initial wave of Fall schedule changes occur we will typically see another small spike in real estate activity on both the buyer and seller side. 

According to the numbers most of the home buying and selling in Gilbert in October was for housing in the $200,000 to $300,000 price range. It's becoming increasingly more difficult to find properties below the $200,000 mark in Gilbert but armed with a little knowledge and a hard-working real estate agent from Zion Realty selling your home, or snapping up that perfect property before another buyer gets to it should be a little less stressful. Contact us today!

 

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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Arizona Maricopa County Gilbert
Groups:
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Gilbert Arizona Real Estate
Tags:
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Rainmaker
1,728,458
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 update for Gilbert Nicole Doty - Gilbert Real Estate Expert ....I hope this Winter will be your best ever

Have a great day!

Nov 09, 2015 12:05 AM #1
Rainmaker
1,369,753
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Nicole, nice market report on Gilbert AZ. It looks like an upward trend is going your way!

Nov 09, 2015 12:10 AM #2
Rainmaker
3,036,581
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Happy Monday Nicole,  You no your real estate for Gilbert, Az area.  Hope your phone is ringing.

Nov 09, 2015 12:18 AM #3
Ambassador
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hello, Nicole. This is a very informative market report for homes for sale in Gilbert AZ. Thanks for sharing this!

Nov 09, 2015 01:02 AM #4
Rainer
98,072
Mark Wagner Jr.
Zion Realty - Gilbert, AZ

As always great knowledge of the Gilbert market! 

Nov 09, 2015 05:00 AM #5
Rainmaker
1,282,296
Jon Kolsky
Kolsky Realty & Management - Long Beach, CA
Licensed California Real Estate Broker

Nicole Doty - Gilbert Real Estate Expert ~ this is very helpful info, and I know buyers and sellers in your area appreciate you not only taking the time to post, but also they appreciate your understanding and knowledge

Nov 09, 2015 06:51 AM #6
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Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

Inventory is going back up and not surprising with the holidays coming and cooler weather setting in. Buyers will like having more inventory.

Nov 09, 2015 10:46 AM #7
Rainmaker
3,246,214
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nicole

Thanks for sharing the October 2015 homes for sale activity in Gilbert Arizona.

Good luck and success.

Lou Ludwig

Nov 09, 2015 10:50 AM #8
Rainmaker
2,223,701
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Nicole. Very well done report, important information for anyone considering selling and really smart for them to contact you to discuss their needs.

Nov 09, 2015 07:09 PM #9
Rainmaker
1,506,711
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Nicole, even with the seasonal slow down the Gilbert AZ market is looking good. Now is a great time for buyers to contact you and put your expertise to work. 

Nov 09, 2015 11:15 PM #10
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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