Adora Trails Gilbert Home Sales Report 50% Gain

The Adora Trails neighborhood in Gilbert, Arizona posted a total of 45 residential home sales year to date through August 2015. The average closed sales price of $294,821 recorded a decrease of 1.6% below the average price of $299,500 from this time range in 2014. The total amount of sold residential listings in Adora Trails showed a 50% advance when compared to this period in 2014, which showed 30 houses sold, a net rise of 15 closed sales. With 22 residences sold year to date, the 250,000-299,999 price range reported one of the largest numbers of completed sales.

Listed Homes Post 6% Downturn. As of August 2015, Adora Trails saw a total of 60 active home listings during this year. Reporting 26 homes for sale, the 250,000-299,999 price category showed one of the highest numbers of properties. When compared to the same reporting period last year, which showed 64 for sale properties, Adora Trails experienced a 6.2% decrease in the total inventory of active listings, a net decrease of 4 homes. The area's average active listed price year to date of $314,242 showed a gain of 4.5% above the average listed price of $300,712 from this reporting period a year ago. The cumulative days on market (CDOM) for actively listed properties in Adora Trails was 129 days through the month of August, showing a 14.2% advance above the average when compared to this time range a year ago. Properties for sale are taking more time to sell this year on average.

Sam Lawmaster is a Gilbert REALTOR specializing in residential listings. Stats courtesy of ARMLS and deemed accurate but not guaranteed; percentages rounded. For the most current Adora Trails real estate market info or to request a free evaluation of your home, please call Sam with Realty ONE Group at (602) 680-8096 or contact us here.

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