February 2016 ~ Gilbert Arizona Real Estate

Gilbert AZ January 2016 Housing Market Update & Statistics

January 2016 Gilbert AZ Real Estate Housing Market Update Highlight:

Active Listing (Inventory) had Increased 8.1% from December 2015
January 2016 Average Sold Price in Gilbert was $298,393 that's 4.0% Decreased from December 2015
Gilbert Median Sold Price in January 2016 was $264,500 and had Decreased 2.0% from December 2015
97% of Single Family Homes sold in January 2016 are Traditional Sale
Most Expensive House Sold in Gilbert AZ on January 2016, sold at $1,237,500. click here to view

Gilbert AZ January 2016 Housing Market Update

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

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January 2016 Gilbert AZ Average Sold Price Analysis
January 2016 Average Sold Price for Single Family Detached Homes in Gilbert AZ was $298,393. This Average Sold Price had decreased 4.0% from December 2015. The Average Sold Price in January 2015 was $293,055. Based on Average Sold Price, that was about 1.8% increased from a year ago.

January 2016 Average Sold Price in Gilbert was $298,393

Click here to View Homes under $300,000 for Sale in Gilbert AZ

Gilbert AZ January 2016 Median Sold Price Analysis
Median Sold Price for January 2016 in Gilbert AZ is $264,500 compare to $270,000 in December 2015.

The statistic is an indicator that Buyer are paying more for a home compare to 1 year ago as January 2015 average sold price was $293,055 and median sold price was $256,000 respectively.

Number of Homes Sold in Gilbert AZ in January 2016
We saw 281 Single Family Homes sold in January 2016 in Gilbert AZ compare to 378 in December. It took 70 days to get your Gilbert AZ Homes sold in January 2016.

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.

What my Gilbert AZ Homes is worth?
Enter your home address and view your Gilbert AZ Home Price for free.

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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What's Seller Closing Cost when I sell my house in Gilbert AZ?

When you sell your home in Gilbert AZ, there are fee a associate with selling your home. One of the larger cost of selling home in Gilbert AZ is commission to be paid to Realtors that involved in the transaction. Typically 6% - 3% for Listing Agent - represent the seller and another 3% for Buyer Agent - represent the buyer. Keep in mind that the Realtor commission is negotiable.

What is Closing Cost?

Other than Realtors' commission there are other fees that seller need to pay, such as:

Payoff of all loans in Seller's name. This include all the remaining balance and prorated interest. If your loan has prepayment penalty for paying off your loan before end of the term, you need to pay the penalty. If you have home equity loan or line of credit, you also need to pay in full at settlement
Escrow fees. Fee associate for the transaction
Transfer tax or recording fees. These are tax and fees imposed by state and local government.
Title insurance. In Arizona, seller typically pay the owner's title insurance premium for buyer
Attorney fee. If the transaction involved attorney
Unpaid/Prorated property tax, homeowner association dues up the the settlement date.
Liens or judgement against the property, if any

In Arizona, if Seller is selling home to a VA Buyer, there will be additional fees involve. Seller has to pay VA Buyer's Termite Inspection, Document Preparation fee, HOA Transfer & Disclosure fee and others.

How much is the Seller Closing Cost?
For Home Seller, the Closing Cost typically range between 1 - 2% of the sale price and these Seller Closing Cost are paid at the settlement. Typically these won't be cash out of your pocket, rather it will be deducted from the profit on your home, unless you are selling with low or no equity. In this case, you will need to bring cash to the table.

Selling your home in Gilbert AZ
Contact Us or call Swee Ng at 480.721.6253 today to discuss your potential Gilbert AZ House 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.

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Gilbert AZ New Listing Homes for Sale