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Gilbert Real Estate Market Report January 2019

Below you will find the statistical breakdown and more for the Gilbert area Real Estate Market for December 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of December’s Real Estate Market Statistics for Gilbert AZ:

 

The number of new listings in Gilbert for December 2018 was 291 down 29.7% from November. New contracts also decreased by 20.9% to 296.  We saw 351 home sales completed in December up .6% from November.  Median sales price was $334,000 up 3.7% from November. There were 638 active listing in Gilbert with the average days on market of 51.  The average sold price to list price was 97.3% down by .5% from prior month.

Gilbert Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

 Inventory levels dropped slightly (3.9%)s while sales volume remained flat to prior month.  We currently have 1.82 months of inventory available for Sale which is a decrease of 4.2% from November. This shows a continued seller’s market (last month’s 1.90 months of inventory). If priced correctly, sellers can expect to sell in less than the average 51 days on market we saw in December.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For December, we saw the list to contract price of 97.3% down by .5% from November. We also saw the median price of $334,000 increase by 1.3% from November.

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What does this mean if you are a buyer?

For buyers, a inventory of 1.82 months (compared to 1.90 months in November) continues to show a sta sellers market.  Sellers continue to have the advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Gilbert AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Gilbert homes by price and Type:

Below are all the Homes available in the city of Gilbert by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Phoenix

–Tempe

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Chandler Real Estate Market Report January 2019

Below you will find the statistical breakdown and more for the Chandler area Real Estate Market for December 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of December’s Real Estate Market Statistics for Chandler AZ:

 

The number of new listings in Chandler for December 2018 was 330 down 29.5% from November. New contracts also decreased by 21.2% to 342.  We saw 385 home sales completed in December down 4.9% from November.  Median sales price was $315,000 up 1.6% from November. There were 679 active listing in Chandler with the average days on market of 55.  The average sold price to list price was 97.0% down by .4% from prior month.

Chandler Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

Both inventory levels & sales volume decreased from the prior month.   We currently have 1.76 months of inventory available for Sale which is an increase of 10.2% from November. This shows us still in a seller’s market. Last month we were at 1.96 months of inventory which was a 10.2% decrease  as compared to December (showing a slight strengthening in the current sellers market). If priced correctly, sellers can expect to sell in less than the average 55 days on market we saw in December.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For December, we saw the list to contract price of 97.0% down by .4% from November. We also saw the median price increase to $315,000 or 1.6% from November.

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What does this mean if you are a buyer?

For buyers, a inventory of 1.76 months (compared to 1.96 months in November) continues to show that we are in a strong sellers market. Sellers continue to have the advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making  low ball offers is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Chandler AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Chandler homes by price and Type:

Below are all the Homes available in the city of Chandler by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Phoenix

–Gilbert

–Tempe

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Tempe Real Estate Market Report January 2019

Below you will find the statistical breakdown and more for the Tempe area Real Estate Market for December 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of December’s Real Estate Market Statistics for Tempe AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Tempe for December 2018 was 129 down 16.2% from November. New contracts also decreased by 6.4% to 161.  We saw 158 home sales completed in December up 5.3% from November.  Median sales price was $281,500 up 3.9% from November. There were 296 active listing in Tempe with the average days on market of 68.  The average sold price to list price was 95.7% down by .3% from prior month.

Tempe Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers, inventory levels dropped by 12.7%  while sales volume increased by 5.3% from the prior month.  We currently have 1.87 months of inventory available for Sale down by 17.3% from November showing a strengthening in the seller’s market.  Last month we were at 2.26 months of inventory. If priced correctly, sellers can expect to sell in less than the average 68 days on market we saw in December.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For December, we saw the list to contract price of 95.7% down by .3% from November. We also saw the median price of $281,500 increase by 3.9% from November.

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What does this mean if you are a buyer?

For buyers, a inventory of 2.55 months (compared to 2.07 months in December) is welcome news since this indicates we are moving to a more balanced markets.  Sellers continue to have a slight advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions and making a low ball offer is still not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Tempe AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Tempe homes by price and Type:

Below are all the Homes available in the city of Tempe by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Phoenix

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Please follow and like us:

Phoenix Real Estate Market Report January 2019

Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for December 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of December’s Real Estate Market Statistics for Phoenix AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Phoenix for December was 1389 down by 27.4% from November.  New contracts also decreased by 18.7% to 1462.  We saw 1559 home sales completed in December a increase of 1.2% from November.  Median sales price was $245,000 down 2.0% from November. There were 3910 active listing in Phoenix with the average days on market of 64.  The average sold price to list price was 96.2% down by .1% from prior month.

Phoenix Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers, inventory levels decreased by 4.4% while sales volume increased by 1.2% from the prior month.  This created a drop in the months of available inventory to 2.51  a decrease of 5.3% from November. This continues to shows us in a seller’s market, If priced correctly, sellers can expect to sell in less than the average 64 days on market we saw in November.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For December, we saw the list to contract price of 96.2% down by .1% from November. We also saw the median price of $245,000 a drop of 2.0% from November.

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What does this mean if you are a buyer?

For buyers, a inventory of 2.51 months (compared to 2.65 months in November) shows a slight strengthening in the sellers market. Sellers continue to have an advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in a seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Phoenix AZ:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Phoenix homes by price and Type:

Below are all the Homes available in the city of Phoenix by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Tempe

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Gilbert Real Estate Market Report December 2018

Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for Month YR.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of November’s Real Estate Market Statistics for Gilbert AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Gilbert for November was 414 down 9.8% from October. New contracts also decreased by 13.2% to 374.  We saw 349 home sales completed in November down 14.3% from October.  Median sales price was $322,000 down .6% from October. There were 664 active listing in Gilbert with the average days on market of 50.  The average sold price to list price was 97.8% flat to last month.

Gilbert Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers,  inventory levels continued to increase for the fourth month in a row.   We currently have 1.90 months of inventory available for Sale which is an increase of 18% from October (1.61 months of inventory). We continue to be in a sellers market. If priced correctly, sellers can expect to sell in less than the average 50 days on market we saw in November.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For November, we saw the list to contract price of 97.8% flat to prior month.  We also saw the median price drop to $322,000 a .6% decrease from October.

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What does this mean if you are a buyer?

For buyers, a inventory of 1.90 months (compared to 1.61 months in October) still indicates we are in a sellers market.  Sellers continue to have a advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Gilbert:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Gilbert homes by price and Type:

Below are all the Homes available in the city of Gilbert by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Phoenix

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Please follow and like us:

Phoenix Real Estate Market Report December 2018

Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for November 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of November’s Real Estate Market Statistics for Phoenix AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Phoenix for November was 1912 down 15.7% from October. New contracts also decreased by 8.8% to 1799.  We saw 1541 home sales completed in November down 12.5% from October.  Median sales price was $250,000 flat to prior month. There were 4090 active listing in Phoenix with the average days on market of 63.  The average sold price to list price was 96.3% up by .2% from prior month.

Phoenix Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers, inventory levels increased for the fourth month in a row to 2.65 months of inventory ( last month was 2.27 months).  This is a sign that we are moving to a more balanced market where the number of sellers and buyers are about the same and therefore no one has a distinct advantage. If priced correctly, sellers can expect to sell close to lasts months average of 63 days.  Sellers should have their agent complete a Competitive Market Analysis to determine a fair market price for the home.  For November, we saw the list to contract price of 96.3% up by .2% from October. We also saw the median price of $250,000 remain flat to last month 

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What does this mean if you are a buyer?

For buyers, a inventory of 2.55 months (compared to 2.07 months in December) is welcome news since this indicates we are moving to a more balanced markets.  Sellers continue to have a slight advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions and making a low ball offer is still not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Phoenix:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Phoenix homes by price and Type:

Below are all the Homes available in the city of Phoenix by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Please follow and like us:

Chandler Real Estate Market Report December 2018

Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for November 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of November’s Real Estate Market Statistics for Chandler AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Chandler for November was 468 down 4.9% from October. New contracts also decreased by 4.0% to 434.  We saw 367 home sales completed in November down 13.4% from October.  Median sales price was $310,000 flat to last month. There were 718 active listing in Chandler with the average days on market of 51.  The average sold price to list price was 97.4% down by .3% from prior month.

Chandler Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers, inventory levels continued to rise. In November we had 1.96 months of inventory compared to last months 1.62.  This continues to shows us in a seller’s market. If priced correctly, sellers can expect to sell in less than the average 51 days on market we saw in November.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For November, we saw the list to contract price of 97.4% down by .3% from October. We also saw the median price drop to $310,000 remain flat to October.

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What does this mean if you are a buyer?

For buyers, a inventory of 1.96 months (compared to 1.62 months in October) is welcome news since this indicates we are moving toward a more balanced markets.  Currently, sellers continue to have the advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Chandler:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Chandler homes by price and Type:

Below are all the Homes available in the city of Chandler by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Phoenix

–Gilbert

–Tempe

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Please follow and like us:

Tempe Real Estate Market Report December 2018

Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for November 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of November’s Real Estate Market Statistics for Tempe AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Tempe for November was 154 down 23.0% from October. In addition, new contracts also decreased by 5.5% to 172.  We saw 150 home sales completed in November down 805% from October.  Median sales price was $271,000 down 3.0% from October. There were 339 active listing in Tempe with the average days on market of 58.  The average sold price to list price was 96.0% down by .5% from prior month.

Tempe Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers, inventory levels remained flat while sales volume decreased by 8.5% from October.  We currently have 2.26 months of inventory available for Sale which is flat to last months 2.21. This shows a continued seller’s market. If priced correctly, sellers can expect to sell in less than the average 58 days on market we saw in November.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For November, we saw the list to contract price of 96.0% down by .5% from October. We also saw the median price drop to $271,000 a 3.0% decrease from last month.

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What does this mean if you are a buyer?

For buyers, a inventory of 2.26 months (compared to 2.21 months in October) continues to show that we remain in a sellers market.  Sellers continue to have the advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Tempe:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Tempe homes by price and Type:

Below are all the Homes available in the city of Tempe by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Phoenix

 

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Please follow and like us:

Phoenix Real Estate Market Report November 2018

Below you will find the statistical breakdown and more for the Phoenix area Real Estate Market for October 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of October’s Real Estate Market Statistics for Phoenix AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Phoenix for October was 2269 up 5.4% from September. New contracts also increased by .5% to 1972.  We saw 1761 home sales completed in September up 4.7% from September.  Median sales price was $250,000 up 2.0% from last month. There were 3996 active listing in Phoenix with the average days on market of 61.  The average sold price to list price was 96.1% up by .3% from September.

Phoenix Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers, inventory levels were up 6.1% while sales volume also increased by 4.7% from the prior month.   However average months of inventory remained flat (September 2.24 vs October 2.27).  This continues to show that we remain in a sellers market. If priced correctly, sellers can expect to sell in less than the average 61 days on market we saw in September.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For October, we saw the list to contract price of 96.1% up by .3% from September. We also saw the median price increase by 2.0% to $250,000.

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What does this mean if you are a buyer?

For buyers, a inventory of 2.27 months (compared to 2.24 months in September)  indicates that we are still in a sellers market.  Sellers continue to have the advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. Because homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Phoenix:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Phoenix homes by price and Type:

Below are all the Homes available in the city of Phoenix by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Gilbert

–Tempe

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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Please follow and like us:

Gilbert Real Estate Market Report November 2018

Below you will find the statistical breakdown and more for the Gilbert area Real Estate Market for October 2018.

View All Current & Past Phoenix & East Valley Real Estate Market Reports

Below is a snapshot of October’s Real Estate Market Statistics for Gilbert AZ:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The number of new listings in Gilbert for October was 459 down .9% from September. New contracts also decreased by 2.9% to 431.  We saw 407 home sales completed in October down 3.6% from September.  Median sales price was $324,000 down .3% from September. There were 654 active listing in Gilbert with the average days on market of 47.  The average sold price to list price was 97.8% down by .1% from prior month.

Gilbert Homes for Sale by Bedrooms & Median price:

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What does this mean if you are a seller?

For sellers, inventory levels increased by 6.1% while sales volume decreased by 3.6% from the prior month.   We currently have 1.61 months of inventory available for Sale compared to last months 1.46. This still shows that Gilbert is in a strong seller’s market. If priced correctly, sellers can expect to sell in less than the average 47 days on market we saw in October.  Buyers are not going to overpay, but houses priced correctly and in good condition will sell, often with multiple offers. For October, we saw the list to contract price of 97.8% down by .1% from September. We also saw the median price of $324,000 drop by .3% from September.

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What does this mean if you are a buyer?

For buyers, a inventory of 1.61 months (compared to 1.46 months in September) still indicates we are in a strong sellers market.  Sellers continue to have the advantage since there are less homes available. Anything under 3 months of inventory is considered a seller’s market. So those homes that are priced right may get multiple offers. The buyer has to remain diligent about their offers. If you are serious about an offer, have your agent provide you comparable properties to determine the best price for the house.  Asking for seller concessions or making a low ball offer is not a good strategy in this seller’s market. Remember, sellers also know the value of their home in this market.  Their agents are keeping sellers updated on recent sales and homes similar to theirs as they come on the market.

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Homes For Sale in Gilbert:

Below are Homes that have come on the Market in the last 7 Days around the Median price range. Also below the pictures, you will see a Chart of all the Gilbert homes by price and Type:

Below are all the Homes available in the city of Gilbert by Dollar amount and type:

Under $100,000Between $100,000-$200,000Between $200,000-$300,000Between $300,000-$400,000Between $400,000-$500,000
Between $500,000-$600,000Between $600,000-$700,000Between $700,000-$800,000Between $800,000-$900,000Between $900,000-$1,000,000
Over $1,000,000In Adult CommunitiesForeclosed HomesShort SalesWith Pools

Below you will see the links for the other cities in the East Valley:

–Chandler

–Phoenix

–Tempe

View All Current & Past Phoenix & East Valley Real Estate Market Reports

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