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

By
Real Estate Broker/Owner with Zion Realty
https://activerain.com/droplet/4Xg9

Listing Prices in Gilbert, Arizona October 2016

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

 

We've got a little bit of a mixed bag of results from October's housing numbers here in Gilbert, Arizona. On some accounts it looks like the busy Summer buying season is still in full swing. However, other indicators have the market beginning it's annual Fall and Winter slowdown. Let's first break down the numbers. The average Active median list price for a home in Gilbert for the month of October 2016 was $345,000 which is surprising increase from the previous month and the third straight month in which this statistic showed an increase or remained neutral. Sold home values experienced a decrease down to $280,000 which is almost a $10,000 drop. New homes being put up for sale also saw an increase up to $309,500. 

So what do these numbers mean if you are a current homeowner in Gilbert or you wish to become one? The busy Summer selling season should be winding down but there are still signs of buyers and sellers remaining active. Each year, it usually takes sellers longer to adjust their prices based upon the decrease in buyer traffic. Over the Fall and Winter you will generally begin to see housing prices begin to decline until next Spring. Sellers need to understand that if you price your home too high your home will be received by buyers with a resounding thud. The longer your home lingers on the market the more it becomes a stale listing and you may miss your sales window of opportunity. 

Regardless of the current prices in August, if you are a 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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2016 Market Reports
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Rainmaker
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Nicole.  Thanks for keeping us updated with the Gilbert, AZ real estate market.

Dec 14, 2016 05:17 AM #1
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Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

We miss you Nicole Doty - Gilbert Real Estate Expert. We all get busy but you added a lot to ActiveRain! Happy New Year! 

Jan 04, 2017 06:02 PM #2
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Mark Don McInnes, Sandpoint
Sandpoint, ID
North Idaho Real Estate - 208-255.6227

Top of the morning Nicole.  I trust you are doing well and just too busy with business to blog as regular as you normally do.  Have not seen you in a long while so thought I would say hello.  Continued successes to you.  Mark

Jan 18, 2017 02:08 AM #3
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Robert Vegas Bob Swetz
Realty ONE Group - Las Vegas, NV
Las Vegas Henderson Homes for Sale

Hello Nicole, haven't seen you very much at AR lately and I will keep you on my list of members I am following ...

I wrote a new post about reaching out to ActiveRain members that are following me at the AR network, your name showed up #99 on my list.

Have a wonderful Memorial Day 2018 ... ;o)

May 28, 2018 10:39 AM #4
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Kat Palmiotti
Grand Lux Realty, Monroe NY, 914-419-0270, kat@thehousekat.com - Monroe, NY
The House Kat

Miss you!

Aug 22, 2018 04:32 AM #5
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Nicole Doty - Gilbert Real Estate Expert

Broker/Owner of Zion Realty ZionRealtyAZ.com
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