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

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

Sold to List Ratio in Gilbert, Arizona October 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 in October saw the third straight month in declines in this statistic. According to the numbers, home owners are getting 96.6% of their asking price when selling their home. This percentage still keeps Gilbert in a healthy market and is almost an entire percentage point above 2014 levels. 

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 96.6% 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 further in to the 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. 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Selling
Location:
Arizona Maricopa County Gilbert
Groups:
Arizona Homes
Posts to Localism
Moving to Arizona
Gilbert Arizona Real Estate
Tags:
arizona
market
gilbert
realty
report
sellers
zion
nicole doty

Spam prevention
Show All Comments
Ambassador
3,724,264
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Nicole we are still in a Buyers Market around here so it would be nice to move closer to a Sellers Market like you guys are in.

Nov 16, 2015 08:34 AM #1
Rainmaker
3,246,239
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nicole

The Gilbert Arizona is a strong real market with homes selling at 96.6% of the listed price.

Good luck and success.

Lou Ludwig

Nov 16, 2015 10:43 AM #2
Rainmaker
1,507,235
Amanda S. Davidson
Amanda Davidson Real Estate Group - Alexandria, VA
Alexandria Virginia Homes For Sale

Nicole, the Gilbert AZ market is going strong even with Winter approaching. Buyers and sellers need to know that you are the best agent to contact in Gilbert AZ.

Nov 16, 2015 10:22 PM #3
Rainmaker
1,370,368
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Nicole...it does look like a nice strong and stable market. If I was going to buy in Gilbert AZ I would only use Nicole Doty-Gilbert!

Nov 16, 2015 11:25 PM #4
Ambassador
1,790,935
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Solid post and market report filled with common sense coupled with knowledge. You are the one to hire for real estate needs in Gilbert, AZ. Have a great Tuesday, Nicole. D

Nov 16, 2015 11:38 PM #5
Rainmaker
3,108,864
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Home and Condo Specialists

Your're right...every homeowner wants to know what their house is worth (unfortunately they are disappointed many times)...

Nov 17, 2015 12:27 AM #6
Rainmaker
3,038,007
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Nicole Doty,  great chart to show the real facts.  Hope you have a great day!

Nov 17, 2015 12:33 AM #7
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
679,819

Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
Ask me a question
*
*
*
*
Spam prevention