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

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

Sold to List Ratio in Gilbert, Arizona April 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 April, home sellers in Gilbert, Arizona saw the second monthly increase in a row in this ratio. According to the numbers, home owners are getting around 97.5% of their asking price when selling their home. Traditionally, prices and values begin to increase during the busy Spring and Summer moving seasons. 

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 97.5% 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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Topic:
Home Selling
Location:
Arizona Maricopa County Gilbert
Groups:
Arizona Homes
Posts to Localism
Moving to Arizona
Gilbert Arizona Real Estate
2016 Market Reports
Tags:
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gilbert
home values
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zion
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Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

Hi Nicole, excellent information for sellers in Gilbert, Arizona. You have excellent information to lead the way.

May 16, 2016 08:21 AM #1
Rainmaker
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Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Nicole

Selling the homes in Gilbert Arizona at 97.% of the price is a sign of a strong real estate market.

Good luck and success.

Lou Ludwig

May 16, 2016 11:57 AM #2
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Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Nicole - your Gilbert Arizonia market report shows a strong and stable market.  Good information for buyers and sellers.

May 16, 2016 10:29 PM #3
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Katerina Gasset
Get It Done For Me Virtual Services - Wellington, FL
Get It Done For Me Virtual Services

Hi, Nicole!  It's good to hear that the real estate market in Arizona is stable.  This is very helpful information for both buyers and sellers in Gilbert.

May 19, 2016 05:17 AM #4
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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