May 2016 Housing Market Trends Report Gilbert AZ

Swee Ng

8 years ago

May 2016 Housing Market Trends Report, Statistic and Home Price Gilbert AZ

May 2016 Gilbert AZ Real Estate Housing Market Update Highlight:

Active Listing (Inventory) had Increased 39.2% from April 2016
May 2016 Average Sold Price for Single Family Home in Gilbert AZ was $308,680 that’s 1.5% Increased from April 2016
Gilbert AZ Median Sold Price in May 2016 was $275,000 and had Decreased 0.9% from April
97% of Single Family Homes sold in May 2016 are Traditional Sale
Gilbert AZ Most Expensive House Sold in May 2016 was sold at $1,345,000. click here to view

Here are Gilbert AZ Real Estate – Single Family Detached Home statistics for May 2016. 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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Number of Homes Sold in Gilbert AZ in May 2016
We saw 545 Single Family Homes sold in May 2016 in Gilbert AZ compare to 496 in April. This compare to 478 sold in a year ago. It took average about 61 days to get your Gilbert AZ Homes sold in May 2016.

May 2016 Gilbert AZ Average Sold Price Analysis
Average Sold Price for Gilbert AZ Single Family Detached Homes in May 2016 was $308,680. This Average Sold Price had increased 1.5% from April. Compare to a year go, the Average Sold Price in May 2015 was $300,549. That is about 2.7% increased from a year ago.

The average sold price per sq/ft in Gilbert AZ in May 2016 was $139 per sq/ft. This compare to $138 per sq/ft in April and $133 a year ago.

Gilbert AZ Zipcode	Median Sold Price	Average Sold Price
Gilbert AZ 85233	$249,000	$271,543
Gilbert AZ 85234	$256,000	$301,943
Gilbert AZ 85295	$268,482	$303,537
Gilbert AZ 85296	$252,000	$280,514
Gilbert AZ 85297	$287,000	$315,463
Gilbert AZ 85298	$328,750	$371,263

Gilbert AZ May 2016 Median Sold Price Analysis
Median Sold Price for May 2016 in Gilbert AZ is $275,000, compare to $277,500 in April. That’s about 0.9% decreased from a month ago. The Median Sold Price in May 2015 was $270,000. Compare to a year ago, that’s about 1.9% increased.

May 2016 Median Sold Price in Gilbert AZ was $275,000. Click here to view Real Estate Listings and Homes for Sale Under $250,000 in Gilbert The statistic indicate that Buyers are paying more for a home compare to 1 year ago.

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.

Selling your home in Gilbert AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Gilbert AZ Home Price 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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Gilbert AZ Real Estate Deals:
Short Sale Real Estate Listings
Bank Owned Properties for Sale Gilbert
HUD Homes for Sale Gilbert

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

Swee Ng, Realtor and Gilbert AZ resident specializing in win-win real estate transaction through great communication and fighting for his clients’ best interest. After all, this is more than real estates, this is about your life and your dreams.

If you are looking to buy or sell your home in Gilbert AZ, I want to opportunity to be inteviewed for the job. Contact Us today for complimentary and no obligation consultation.

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