Gilbert AZ April 2015 Housing Market Update and Statistics
Gilbert AZ April 2015 Real Estate Housing Market Trends Highlight:- Active Listing (Inventory) has Increased 6.4% from March 2015
- Average Sold Price has Decreased 2.0% from March 2015
- 80% of Single Family Homes sold are Traditional Sale
- Most Expensive House Sold in Gilbert AZ March 2015, sold at $945,000. click here to view
Closed Sales Report Analysis:
We saw a 15.0% increase in the number of closed sales in April 2015 compared to the prior month. The statistics show that we had 492 residential Single Family Detached Homes sold in April 2015 in Gilbert AZ compared to 428 in March 2015. This compares to 400 closed sales in March of last year. In today’s market sellers need to continue to be diligent in pricing and staging their homes for sale.
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Average Sold Price Analysis:
April 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $284,994. This Average Sold Price has decreased 2.0% from March 2015. This is because Gilbert most expensive home sold in March 2015 was sold at $1,115,000 compare to $945,000 in April 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 April 2014 average sold price was $276,975. 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 Value and our comprehensive marketing plan. We will prepare complimentary competitive market analysis (CMA) to find out what your home is worth at today’s market. You can view your house value instantly at www.GilbertAZHouseValue.com
Swee Ng, is a 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.
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