Allen Ranch Gilbert Reports 21% Drop in Active Home Listings

The Allen Ranch subdivision in Gilbert Arizona showed a total of 22 active residences for sale so far in 2015 through August 31, and the 400,000-499,999 price category showed one of the highest numbers of residences for sale with 13 properties listed. When compared to this time period a year ago, which posted 28 for sale properties, Allen Ranch showed a 21.4% reduction in the total number of active listings, a year-over-year net fall of 6 properties. The year-to-date average active list price of $404,234 saw a decrease of 0.7% from the average price of $406,918 from the same reporting period during 2014. Listed for sale homes appear to be taking less days to sell this year on average. When compared to this time range during 2014, the cumulative days on market (CDOM) for actively listed homes for sale in Allen Ranch was 51 days, a decline of 21.5%.

Home Sales Increase 7%. Through August 31, 2015, Allen Ranch saw 16 residential homes sold year to date. The average sales price of $398,783 posted a gain of 2.1% over the average closed price of $390,660 from this reporting period one year ago. In comparison to the same period during 2014, which showed 15 homes sold, Allen Ranch showed a 6.7% gain in overall number of sold listings, a year-over-year gain 1 closed sale. With 8 house sales year to date, the 300,000-399,999 price category showed one of the highest numbers of completed transactions.

Stats courtesy of ARMLS and deemed accurate but not guaranteed; percent changes rounded. For the most recent Allen Ranch real estate information or to request a free no obligation evaluation of your property, please call Gilbert real estate listing agent Sam Lawmaster with Realty ONE Group at (602) 680-8096 or contact us here.

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