Gilbert AZ November 2015 Housing Market Update ~ Gilbert Arizona Real Estate

Gilbert AZ Real Estate Housing Market November 2015 Update Highlight:

Active Listing (Inventory) had Decreased 4.0% from October 2015
Gilbert AZ November 2015 Average Sold Price was $293,468 and had Decreased 1.4% from October 2015
November 2015 Median Sold Price in Gilbert AZ is $267,100 and had Decreased 1.4% from October 2015
97% of Single Family Homes sold in November 2015 are Traditional Sale
Most Expensive House Sold in Gilbert AZ on November 2015, sold at $672,010. click here to view

Gilbert AZ November 2015 Housing Market Trends

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Here are Gilbert AZ Real Estate - Single Family Detached Home statistics for November 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.

Gilbert AZ November 2015 Average Sold Price Analysis
November 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $293,468. This Average Sold Price had decreased 1.4% from October 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.

Gilbert AZ November 2015 Median Sold Price Analysis
Median Sold Price for November 2015 in Gilbert AZ is $267,100 compare to $271,000 in October.

The statistic is an indicator that Buyer are paying more for a home compare to 1 year ago as November 2014 average sold price was $276.834 and median sold price was $260,000 respectively.

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.

Number of Homes Sold in Gilbert AZ in November 2015
We saw 268 Single Family Homes sold in November 2015 in Gilbert AZ compare to 337 in October. It took 62 days to get your Gilbert AZ Homes sold in November 2015. There were 331 Single Family Homes Sold in October 2014, and it took 90 days to get your home sold.

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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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, we hope you will consider us. Contact Us today for complimentary and no obligation consultation.

Posted in: 2015 , Average Sold Price , Home Price , House Value , Inventory Trends , Median Sold Price , Price Trends

Gilbert Arizona Real Estate

Thursday, December 3, 2015

Gilbert AZ November 2015 Housing Market Update

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