May 2015 Gilbert AZ Housing Market Update and Statistics
Posted on June 16, 2015
Gilbert AZ May 2015 Real Estate Housing Market Trends Highlight:
- Active Listing (Inventory) has Decreased 2.7% from April 2015
- Average Sold Price has Increased 5.5% from April 2015
- Median Sold Price has Increased 1.9% from April 2015
- 98% of Single Family Homes sold are Traditional Sale
- Most Expensive House Sold in Gilbert AZ May 2015, sold at $1,075,000. click here to view
Here are
Gilbert AZ Real Estate - Single Family Detached Home statistics for May 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.
Closed Sales Report Analysis:
We saw a 2.8% decrease in the number of closed sales in May 2015 compared to the prior month. The statistics show that we had 478 residential Single Family Detached Homes sold in May 2015 in Gilbert AZ compared to 492 in March 2015. This compares to 435 closed sales in May 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:
May 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $300,549. This Average Sold Price has increased 5.5% from April 2015. This is because there are 23 over $500,000 sold in May compare to 16 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 May 2014 average sold price was $278,160. 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.
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.
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