Home values in Gilbert, Arizona October 2015

Home values in Gilbert, Arizona October 2015

Real Estate market data for Gilbert Arizona provided by John Ferrin of HomeSmart Realty

Home values in Gilbert, Arizona

Gilbert Arizona Real Estate Report Summary October 2015

In October, there were 566 new listings that came on the market in Gilbert, AZ.  This is up nearly 11% from October of last year. Out of all of the homes that were on the market in Gilbert in October, 353 of them closed escrow. This is a decrease of nearly 3% over October of 2014.

What does all this mean?  This means that the number of homes for sale on the market has increased. This is actually good news.

As a seller, if you were to list your house now, you would have more competition than say, 6 months ago, but higher inventory levels actually creates more of a balanced market. The downside however, is that buyer interest has slacked off a bit.

As a buyer this is good news because, you have more options and more of a selection to choose from.

During the month of October, there were 1043 active listings in Gilbert.  The homes that did sell, spent an average of 61 days on market and closed for 97% of the original list price.

Home values in Gilbert, Arizona have increased over the course of the last 12 months. The average list price in October 2015 for a home for sale in Gilbert Arizona was $296,121. This is an increase of 6% over this same time period last year. The average sold price for homes for sale in Gilbert Arizona was $290,680 which is an increase of nearly 7% from where prices were the same time last year.

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To learn more about home values in Gilbert Arizona, or to find out what your home is worth in today's market, email me or call me or text me at 480-458-7399