Market Report - Listing Prices in Gilbert, AZ - January 2016

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

Listing Prices in Gilbert, Arizona January 2016

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

 

The Gilbert, Arizona real estate market is experiencing the typical pricing slump that comes during the Winter season. Prices for Active homes up for sale on the market decreased to an average of $319,000 which is a $6,000 drop from the previous month, however it is still an $8,000 increase from January of 2015.  Sold home values also experienced a decrease to settle in at an average of $260,000 which is almost a $10,000 drop from December of 2015 values. The biggest slide has been seen in the New listings coming on to the market. Over the past two months New homes being put up for sale have seen the asking price drop an average of almost $15,000. 

So what do these numbers mean if you are a current homeowner in Gilbert or you wish to become one? Buyers and sellers are on the same page when it comes to home prices and values. Sellers are adjusting their asking prices to reflect the Winter real estate slow-down. Meanwhile, the reduced amount of buyers that are in the market to purchase a home are looking to get the most out of their shopping dollar and seeking to get as much value as possible. If you're attempting to sell your home during the Winter months it's more important than ever to set a realistic price for your home. A seller will not typically be able to get the same value out of their property that they could have gotten during the Spring and Summer when home values are on the rise instead of on the decline.

Regardless of the current prices in December, if you are a current homeowner, you have seen some steady equity built in to your property over the past year. Conversely, if you have been thinking of purchasing a property in Gilbert there are some price ranges that are once again seeing multiple offers placed on homes and buyers are snapping up the most affordable houses that hit the market each week. But armed with a little knowledge and a hard-working real estate agent from Zion Realty wrapping up that perfect home before another buyer gets to it should 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.  

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Topic:
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Arizona Maricopa County Gilbert
Groups:
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Posts to Localism
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Gilbert Arizona Real Estate
2016 Market Reports
Tags:
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Rainmaker
1,901,891
Ronald DiLalla
Century 21 Discovery DRE 01813824 - Anaheim, CA
No. Orange Cty Real Estate

Good morning Nicole,  always enjoy viewing stats and charts on other communities.

Feb 01, 2016 03:10 AM #1
Rainmaker
1,492,508
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Nicole, sounds like it's a great time to buy a home in Gilbert AZ, increase in home prices year over year is great news for those who are thinking about selling their home.

Feb 01, 2016 03:12 AM #2
Rainmaker
908,423
Bob Ratliff
Robert Ratliff Realty - San Antonio, TX
"Sold with Bob"

Nicole, I believe the chart will look much different end of February, I think most of the country has seem some small drops in list-price. Austin has been doing well remaining stable.

Buyers and Sellers would be wise to use your experience with their next Gilbert AZ real estate investments.

Feb 01, 2016 03:26 AM #3
Rainer
534,891
Jan Sohlman
RE/MAX Integrity - Eugene, OR
RE/MAX Integrity

Hi Nicole,

It looks like it was a good time to buy or sell in Gilbert, Arizona. I hope people read this blog and see how you are on top of the market in your area!

Feb 01, 2016 03:42 AM #4
Ambassador
3,056,643
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

It  seems that the Canadian Dollar is suffering and slowing the influx you saw earlier. Is that true or am I off base Nicole Doty - Gilbert Real Estate Expert

Feb 01, 2016 09:00 AM #5
Rainmaker
2,346,102
Roger D. Mucci
Shaken...with a Twist 216.633.2092 - Euclid, OH
Lets shake things up at your home today!

It is very impressive how much you know about Gilbert and Sullivan and their music.

Feb 01, 2016 09:38 PM #6
Rainmaker
1,381,087
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes

Nicole, great trend bars that really show what is happening in your market. 

Feb 01, 2016 10:29 PM #7
Rainmaker
1,518,217
Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Ashburn, VA
Alexandria Virginia Homes For Sale

Nicole, I am sure we are going to see an upward trend as we progress into the Spring market. When it's time to buy or sell in Gilbert AZ you are the agent to contact! You know your market and your knowledge always shines in your posts.

Feb 01, 2016 10:45 PM #8
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Rainmaker
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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