Gilbert AZ July 2015 Housing Market Update and Statistics
Posted on August 19, 2015Gilbert AZ July 2015 Real Estate Housing Market Update Highlight:
- Active Listing (Inventory) has Decreased 18.6% from June 2015
- Average Sold Price has Decreased 1.7% from June 2015
- Median Sold Price has Decreased 4.2% from June 2015
- 96% of Single Family Homes sold are Traditional Sale
- Most Expensive House Sold in Gilbert AZ July 2015, sold at $1,450,000. click here to view
Here are Gilbert AZ Real Estate - Single Family Detached Home statistics for July 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.
Also:
Ahwatukee AZ Housing Market Update July 2015
Chandler AZ Housing Market Update July 2015
Mesa AZ Housing Market Update July 2015
Tempe AZ Housing Market Update July 2015
Gilbert AZ July 2015 Closed Sales Report Analysis:
We saw a 15.3% decrease in the number of closed sales in July 2015 compared to the prior month. The statistics show that we had 515 residential Single Family Detached Homes sold in July 2015 in Gilbert AZ compared to 608 in June 2015. This compares to 463 closed sales in June of last year. In today’s market sellers need to continue to be diligent in pricing on their homes for sale.
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Average Sold Price Analysis:
July 2015 Average Sold Price for Single Family Detached Homes in Gilbert AZ is $294,820. This Average Sold Price has decreased 1.7% from June 2015. This is because the most expensive home sold in July was $1,450,000 compare to $880,000 in June 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 July 2014 average sold price was $280,783. This is about 5% increased from last year. 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.
This statistic is an indicator that buyers pay more for homes than they have in the past 12 months, as June 2014 average sold price was $256,700. 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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