February 2016 Market Report - How much is my Gilbert, AZ Home worth?

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

Sold to List Ratio in Gilbert, Arizona February 2016

 
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 Sold to List ratio is a comparison between the price of what a seller listed their home for sale versus the price in which the home was eventually sold. In February, home sellers in Gilbert, Arizona saw a slight decrease in this ratio after a surprising increase the previous month. According to the numbers, home owners are getting around 96.2% of their asking price when selling their home. Traditionally, prices and values will drop during the Winter and will start to see increases again once the busy Spring and Summer moving season begins. 

The Sold to List price average is around the same percentage it was a year ago which shows a strong and stable real estate market here in Gilbert, Arizona. This is 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 96.2% 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 shift up or down in the Sold to List ratio would be a surprise as we approach the busy Spring and Summer market.  

 

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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2016 Market Reports
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Nicole great Gilbert information, very useful to people interested in the community.

Mar 21, 2016 01:10 AM #1
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Amanda S. Davidson
Amanda Davidson Real Estate Group Brokered By eXp Realty - Alexandria, VA
Alexandria Virginia Homes For Sale

Nicole, you know the Gilbert AZ market and stand ready to assist. Your years of experience and marketing expertise are what sellers need working on their behalf to achieve a successful sale. 

Mar 22, 2016 12:52 AM #2
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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