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How long will it take to sell my Gilbert, AZ home? - October 2015

By
Real Estate Broker/Owner with Zion Realty

Days on Market in Gilbert, Arizona October 2015

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

 

In a somewhat surprising turn of events the amount of time it was taking to sell a home in Gilbert saw a slight decrease in the month of October after two straight months of increases. Just when it seemed as if the Gilbert, Arizona real estate market was settling in to it's annual Fall and Winter slumber October gave home owners a pleasant reprieve from dwindling numbers. Homes in Gilbert, Arizona took an average of 61 days to sell in October. This number is still significantly better than October of 2014 when it was taking an average of 92 days to sell a home in Gilbert.  There are still some homes in price ranges around $200,000 which are selling almost as fast as they are being placed up for sale, and yet some other homes in higher price ranges are taking longer than the average to sell.  

The busy Summer real estate market has ended here in Gilbert. Homes for sale in Gilbert started off the year 2015 taking 94.8 days on average before finding a buyer so we have definitely seen a vast improvement in this figure to date. The most competitive price range in Gilbert, Arizona currently is that of the first time home buyer between $200,000 and $250,000. Homes in that price range are being bought up the quickest and some are receiving multiple offers within the first few weeks of being listed for sale.

As we get further entrenched in to Fall and Winter, historically it will begin taking longer to sell a property as there are less buyers during that time of year. We may have seen the Days on Market figure hit the bottom for this year but year-over-year numbers show that we are still in a healthier market than 2014. If you're a buyer, you want to see the Days on Market increase because for you that means you have more time to think about a home before needing to make an offer. If you're a seller you want to list your house sooner rather than later before it begins to take more time to sell your home. Armed with a little knowledge and a hard-working real estate agent from Zion Realty buying or selling a home will be a little less stressful! 

 

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

Comments (3)

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

Great stats Nicole Doty - Gilbert Real Estate Expert ...But I think choosing you could lower those days!

Have a great night in AZ!

Nov 23, 2015 06:49 AM
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Nicole, Rob Thomas says it best. Your expertise shines.

Nov 23, 2015 12:05 PM
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

This is always the first question I get, after price, at a listing appointment. Sometimes it is the first question overall Nicole Doty - Gilbert Real Estate Expert. A great way to start to conversation! 

Nov 27, 2015 05:57 AM