Gilbert AZ Housing Market Trends February 2015 Market Update and Statistics
Median Sold Price (Single Family Homes) in Gilbert (by zipcode)
February 2014 – February 2015
Gilbert AZ February 2015 Real Estate Housing Market Trends Highlight:
- Active Listing (Inventory) has Decreased 14.0% from January 2015
- Number of Homes sold has Increased 26.5% from January 2015
- Median Sold Price Increased 1.9% from January 2015
- Average Sold Price has Decreased 6.7% from January 2015
- 80% of Single Family Homes sold are Traditional Sale
- Most Expensive House Sold in Gilbert AZ February 2015, sold at $825,000. click here to view
- Observation: Leading towards Buyer Market
- Buyer has more negotiation power to buy
- Seller has to price competitively to sell
Gilbert Real Estate Housing Market Trends February 2015 Market Update & Statistics
| * Active Listing | # Sold | ** Price/SQFT | |
| Gilbert | 928 | 320 | $128 |
| 85233 | 100 | 48 | $133 |
| 85234 | 156 | 49 | $133 |
| 85295 | 132 | 67 | $118 |
| 85296 | 153 | 61 | $126 |
| 85297 | 132 | 47 | $124 |
| 85298 | 255 | 48 | $140 |
* Active Listing as 3/18/15
** Price/SQFT as 3/19/15
source armls. Information is deemed to be reliable, but is not guaranteed
Here are Gilbert AZ Real Estate – Single Family Detached Home statistics for February 2015. Be sure to Contact Us, if you have any questions about this report or about how the market is performing. This report includes MLS data for the past 12 months for Gilbert AZ provided by the FlexMLS system.
Closed Sales Report Analysis:
Sellers:
We saw a 26.5% increase in the number of closed sales in February 2015 compared to the prior month. The statistics show that we had 320 residential Single Family Detached Homes sold in February 2015 in Gilbert AZ compared to 253 in January 2015. This compares to 307 closed sales in February of last year. In todays market sellers need to continue to be diligent in pricing and staging their homes, as we are no longer in a sellers market. We are now more on Buyer’s Market.
Buyers:
In our shifted market, buyers are continuing to buy Buyers want to take advantage of this amazing market due to low interest rates, several available financing options available, increased inventory, and more traditional sales from which to choose, where 80% of homes sold in Gilbert AZ in February 2015 are traditional sale. The Buyer’s Market that we are in now means Buyer has more negotiation in price and Seller’s concession.
Average Sold Price Analysis:
Sellers:
February 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $273,316. This Average Sold Price has decreased 6.7% from January 2015. This is because Gilbert most expensive home sold in February 2015 was sold at $825,000 compare to $1,490,000 in January 2015. It is important for Seller and Buyer to refer to Median Sold Price instead of Average Sold Price. If there are multiples millions homes sold in particular months, the Average Sold Price will be high.
Buyers:
This statistic is an indicator that buyers pay less for homes than they have in the past 12 months, as February 2014 average sold price was $281,204. Educated and savvy buyers understand that a competitive market gives them fewer options for home choices even when inventory increases. Although this may vary from zipcode to zipcode and from price range to price range, buyers need to make sure they are fully informed regarding the specific market in which they have an interest. This will give them the best chance of being competitive when making an offer.
As a reminder, you need to meet with a real estate professional to see how statistics impact the area where you are considering selling or buying. Blended statistics will not be as accurate as a more detailed report we can provide to help you with your decision making.
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Gilbert AZ New Listing Homes for Sale
Gilbert AZ Homes for Sale by Gilbert AZ zipcode:
Gilbert AZ 85233 Homes for Sale
Gilbert AZ 85234 Homes for Sale
Gilbert AZ 85295 Homes for Sale
Gilbert AZ 85296 Homes for Sale
Gilbert AZ 85297 Homes for Sale
Gilbert AZ 85298 Homes for Sale
Gilbert AZ Homes for Sale by Price Range:
Gilbert AZ Homes for Sale Under $100,000
Gilbert AZ Homes for Sale $100,000 – $200,000
Gilbert AZ Homes for Sale $200,000 – $300,000
Gilbert AZ Homes for Sale $300,000 – $400,000
Gilbert AZ Homes for Sale $400,000 – $500,000
Gilbert AZ Luxury Homes for Sale $500,000 – $750,000
Gilbert AZ Luxury Homes for Sale $750,000 – $1,000,000
Gilbert AZ Luxury Homes for Sale Over $1,000,000
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Gilbert AZ Real Estate Deals:
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If you are looking to buy or sell your home in Gilbert AZ, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.