Gilbert AZ Real Estate October 2014 Housing Market Trends and Statistics
Median Sold Price (Single Family Homes) in Gilbert (by zipcode)
October 2013 – October 2014
Gilbert AZ October 2014 Real Estate Market Trends Highlight:
- Active Listing (Inventory) has Decreased 1.9% from September 2014
- Number of Homes sold has Decreased 11.7% from September 2014
- Median Sold Price remains same as September 2014
- Average Sold Price has Decreased 1.9% from September 2014
- 80% of Single Family Homes sold are Traditional Sale
- Most Expensive House Sold in Gilbert October 2014, sold at $1,270,000 in Whitewing at Higley click here to view
- Observation: Leading towards Buyer Market
- Buyer has more negotiation power to buy
- Seller has to price competitively to sell
October 2014 Update & Statistics
| * Active Listing | # Sold | ** Price/SQFT | |
| Gilbert | 1343 | 348 | $125 |
| 85233 | 169 | 41 | $126 |
| 85234 | 238 | 70 | $127 |
| 85295 | 214 | 80 | $119 |
| 85296 | 204 | 68 | $124 |
| 85297 | 178 | 56 | $121 |
| 85298 | 338 | 63 | $134 |
* Active Listing as 11/3/14
** Price/SQFT as 11/12/14
source armls. Information is deemed to be reliable, but is not guaranteed
Here are Gilbert AZ Real Estate – Single Family Detached Home statistics for October 2014. 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:
The month of October 2014 we saw a 11.7% decrease in the number of closed sales compared to the prior month. The statistics show that we had 348 residential Single Family Detached Homes sold in October in Gilbert AZ compared to 394 in August. This compares to 366 closed sales in October 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, increased inventory, and more traditional sales from which to choose. 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:
October Average Sold Price decrease from $282,287 to $277,001. This is a 1.9% decrease from previous month. This is because there was $1,270,000 home closed in October compare to $850,000 in September that decrease the average price. It is very important for sellers to pay attention to this change and monitor this statistic to ensure that they remain competitive in the market.
Buyers:
This statistic is an indicator that buyers still continue to pay little bit more for homes than they have in the past 12 months. 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 that your real estate professional 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:
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Gilbert AZ Homes for Sale $100,000 – $200,000
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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.