Gilbert AZ Housing Market Trends June 2015 and Statistics
Gilbert AZ June 2015 Real Estate Housing Market Update Highlight:
- Active Listing (Inventory) has Decreased 1.1% from May 2015
- Average Sold Price has Decreased 0.3% from May 2015
- Median Sold Price has Increased 1.7% from May 2015
- 96% of Single Family Homes sold in June 2015 are Traditional Sale
- Most Expensive House Sold in Gilbert AZ on June 2015, sold at $880,000. click here to view
Here are Gilbert AZ Real Estate – Single Family Detached Home statistics for June 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.
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Closed Sales Report Analysis:
We saw a 27.2% increase in the number of closed sales in June 2015 compared to the prior month. The statistics show that we had 608 residential Single Family Detached Homes sold in June 2015 in Gilbert AZ compared to 478 in May 2015. This compares to 477 closed sales in June of last year. In todays market sellers need to continue to be diligent in pricing on their homes for sale.
Average Sold Price Analysis:
June 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $299,769. This Average Sold Price has decreased 0.3% from May 2015. This is because the most expensive home sold in June was $880,000 compare to $1,075,000 in May 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.
This statistic is an indicator that buyers pay more for homes than they have in the past 12 months, as June 2014 average sold price was $256,700. 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.
Also read:
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Selling your home in Gilbert AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Gilbert AZ Home Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at todays market.
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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.