Monday, April 11, 2016

Gilbert AZ March 2016 Housing Market Update

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March 2016 Gilbert AZ Real Estate Housing Market Update Highlight:

  • Active Listing (Inventory) had Increased 7.2% from February 2016
  • March 2016 Average Sold Price for Single Family Home in Gilbert AZ was $305,313 that's 3.5% Increased from February 2016
  • Gilbert AZ Median Sold Price in March 2016 was $270,000 and had Increased 2.1% from February
  • 96% of Single Family Homes sold in March 2016 are Traditional Sale
  • Gilbert AZ Most Expensive House Sold in March 2016 was sold at $1,575,000. click here to view
Gilbert AZ Housing Market Trends Report March 2016
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Here are Gilbert AZ Real Estate - Single Family Detached Home statistics for March 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.

Number of Homes Sold in Gilbert AZ in March 2016
We saw 513 Single Family Homes sold in March 2016 in Gilbert AZ compare to 334 in February. This compare to 428 sold in a year ago. It took average about 77 days to get your Gilbert AZ Homes sold in March 2016.

March 2016 Gilbert AZ Average Sold Price Analysis
March 2016 Average Sold Price for Single Family Detached Homes in Gilbert AZ was $305,313. This Average Sold Price had increased 3.5% from February. Compare to a year go, the Average Sold Price in March 2015 was $290,919. That is about 4.9% appreciation from a year ago.

The average sold price per sq/ft in Gilbert AZ in March 2016 was $137 per sq/ft. This compare to $136 per sq/ft in February and $129 a year ago.

Gilbert AZ March 2016 Median Sold Price Analysis
Median Sold Price for March 2016 in Gilbert AZ is $270,000, compare to $264,348 in February. That's about 2.1% increased from a month ago. The Median Sold Price in March 2015 was $261,250. Compare to last year, that's about 3.3% appreciation.

March 2016 Median Sold Price in Gilbert AZ was $270,000.
Click here to view Homes Under $250,000 for Sale in Gilbert AZ

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.

Contact Swee Ng, Gilbert Real Estate Agent, Realtor in Gilbert AZ

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 today’s market.

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Gilbert AZ Real Estate New Listing & Homes for Sale

Homes for Sale by Gilbert AZ zipcode
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Gilbert AZ Homes for Sale by Price Range
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Gilbert AZ Luxury Homes for Sale Over $1,000,000

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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, I want to opportunity to be inteviewed for the job. Contact Us today for complimentary and no obligation consultation.

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